CA-AG v. HomeOptions

HomeOptions allegedly engaged in a predatory real estate scheme impacting over 500 California homeowners. According to CA-AG, the company lured financially vulnerable homeowners with an immediate payment in exchange for the exclusive right to be the homeowner’s real estate listing agent for the next 20 years, entered into unlawful contracts with those homeowners, deceptively recorded liens against the homeowners’ homes, and forced homeowners to pay tens of thousands of dollars in fees to remove those liens. HomeOptions allegedly misrepresented the nature of its agreements, included unlawful breach and early termination penalty terms in its contracts, and violated California’s Real Estate Law, state and federal telemarketing laws, and federal lending laws.

Summary generated from official California Attorney General press release