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alifornia's top law enforcement officials have brought a predatory real estate company to its knees, securing a landmark settlement that will bring relief to over 500 financially vulnerable homeowners. HomeOptions, a Oakland-based realty firm, had been exploiting homeowners with a scheme that lured them in with upfront payments and then saddled them with crippling fees and liens.

    The investigation, led by Attorney General Rob Bonta, uncovered a web of deceit and coercion that left homeowners trapped in 20-year contracts with no escape. HomeOptions would record liens on homes, forcing owners to pay tens of thousands of dollars to remove them - a practice that was both unlawful and predatory.

    Under the terms of the settlement, HomeOptions will terminate all its California contracts and liens, paying out over $570,000 in restitution and penalties. The company's CEO will also be held accountable for the firm's egregious actions.

    "This is a victory for California homeowners who were taken advantage of by HomeOptions' predatory practices," said Attorney General Bonta. "We're putting an end to this scheme once and for all, and ensuring that these families can finally move on with their lives."

    The settlement also marks a significant milestone in the state's efforts to protect consumers from unscrupulous businesses. California has recently passed legislation aimed at preventing similar schemes, including AB 1345, which limits residential exclusive listing agreements to two years.

    Homeowners who were victimized by HomeOptions will now receive full restitution, and those who paid early termination penalties will have their money returned in full. The settlement is a testament to the state's commitment to enforcing the law against businesses that exploit vulnerable consumers.

    "This settlement sends a clear message: California will not tolerate predatory business practices," said Napa County District Attorney Allison Haley. "We're grateful for the opportunity to bring justice to these homeowners and ensure they can finally move forward."

    The Santa Barbara County District Attorney, John Savrnoch, added, "This settlement is a victory for homeowners who deserve to be safe in their own homes without fear of scams or exploitation."