Bulletin: SLS2023012

Dear Associates:

We have previously written about MV Realty PBC, LLC and its “Homeowner Benefit Program” in which MV Realty provides an up-front cash payment to a homeowner in return for a future exclusive right to act as the listing agent when the owner sells their home.

Stewart Bulletin SLS2022007 provides instructions if your title search discloses the recording of a Memorandum of Agreement, Notice of Agreement, or a Deed of Trust securing performance of a Homeowner Benefit Agreement relating to the “Homeowner Benefit Program” (“Agreements”), which may be further supplemented by specific state bulletins previously issued and referred to in the references section, below.

This bulletin supplements and modifies Bulletin SLS2022007.

MV Realty Holdings, LLC filed Chapter 11 Bankruptcy on 9/22/23 in the Southern District of Florida, Case Number 23-17591-EPK. The court ordered the joint administration with other MV subsidiary entity cases into MV Realty PBC, LLC, Case Number 23-17590-EPK, also in the Southern District of Florida.

MV Realty Holdings, LLC is the sole owner of MV Realty PBC, LLC.

MV Realty PBC, LLC has not filed a Reorganization plan as of today’s date.

Additional Requirement:

Effective immediately, you must obtain an order from the bankruptcy court regarding the release of these Agreements. The order must include the terms, if any, required for the release of the Agreement.

The Trustee information is:

U.S. Trustee
Office of the US Trustee
51 S.W. 1st Ave.
Suite 1204
Miami, FL 33130
(305) 536-7285
Heidi.A.Feinman@usdoj.gov

If you have any questions relating to this or other bulletins, please contact a Stewart Title Guaranty Company underwriter.

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