For Immediate Release
ALTA, Land Title Association of Colorado and AARP Applaud Attorney General Phil Weiser for Action Protecting Homeowners from Unfair MV Realty Contracts
Washington, D.C., April 20, 2026 — The American Land Title Association (ALTA), the Land Title Association of Colorado (LTAC) and AARP today commended Colorado Attorney General Phil Weiser for securing an agreement that voids unfair long-term real estate contracts tied to MV Realty and protects homeowners across the state.
The agreement cancels the company’s “Homeowner Benefit Agreement” contracts, clears impacted property titles, and prevents the collection of millions of dollars in future fees—saving Colorado homeowners an estimated $8.4 million while also delivering restitution to affected consumers.
“Attorney General Weiser’s leadership sends a clear message: homeowners should never be trapped in predatory, long-term agreements that put their property rights at risk,” said Caroline Cone, director of state government affairs, ALTA. “A home is often a family’s most important asset, and protecting clear title is fundamental to preserving that security.”
MV Realty’s contracts, which in some cases extended for decades, were recorded against properties in a way that clouded title and created significant barriers for homeowners seeking to refinance or sell.
This legal decision provides significant relief for Colorado homeowners,” said Jenn Jones, Vice President of Financial Security and Livable Communities, Government Affairs, AARP. “Predatory real estate schemes have no place in our housing market. We look forward to working with more states to put an end to this harmful practice and ensure homeowners nationwide receive the same protections they deserve.”
ALTA, LTAC and AARP have worked alongside policymakers and consumer advocates nationwide to raise awareness about these types of agreements, often referred to as non-title recorded agreements for personal services (NTRAPS), and to advance solutions that protect homeowners from hidden risks.
“Colorado homeowners deserve transparency and fairness when it comes to their property rights,” said Steve Wood, president, LTAC. “These agreements created unnecessary complications in real estate transactions and put consumers at risk. We appreciate Attorney General Weiser’s decisive action to restore clarity and confidence in property ownership.”
“These predatory contracts have disproportionately impacted older homeowners and those seeking financial flexibility,” said Sara Schueneman, Colorado State Director, AARP. “AARP is proud to stand with Attorney General Weiser and our partners to ensure homeowners are not locked into agreements that threaten their ability to sell, refinance or pass their homes on to their families.”
ALTA has been actively engaged in supporting efforts to address NTRAPS, including developing consumer education resources, model legislative language and industry guidance to help prevent abusive practices that can encumber property rights.
“Title professionals see firsthand how these agreements can disrupt real estate transactions and harm consumers,” said Cone. “We appreciate Attorney General Weiser’s commitment to holding bad actors accountable and ensuring homeowners can buy, sell and refinance their properties without unfair restrictions.”
ALTA, LTAC and AARP will continue working with state leaders, industry partners and consumer advocates to advance protections against predatory real estate contracts and safeguard the integrity of property ownership nationwide.
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About ALTA
The American Land Title Association, founded in 1907, represents an industry comprised of more than 17,000 title insurance companies operating across the nation, with over 90% being small businesses.
About the Land Title Association of Colorado
The Land Title Association of Colorado (LTAC) is a nonprofit trade organization dedicated to advancing the title insurance industry in Colorado through education, advocacy, and collaboration with our industry partners. With roots dating back to 1906, LTAC supports its members, informs policymakers, and promotes a secure and transparent real estate process.
Contact: Alisa Mairone
Office: 202-261-0305
Email: [email protected]