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CMG Stations Investigate “Outrageous” Real Estate Contracts

Topic: Investigative Reporting
Posted on 10/2/2023

In September, Cox Media Group (CMG)-owned WSOC-TV 9 reported on an update to a long-running collaboration by the investigative teams of CMG’s’s TV stations. The story involved MV Realty, a Florida-based company which offered quick cash to unsuspecting homeowners across the country in exchange for a contract ensuring homeowners would use the company as their realtor if they later decided to sell their house. Many failed to realize the contract was secured with a 40-year lien on their home. Now under investigation, the company recently filed for bankruptcy. A new reporting model implemented by CMG earlier this year enabled reporters across the country to work together to uncover the larger scope of the issue, even beyond their own markets.

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