HARRISBURG — Attorney General Dave Sunday announced a settlement with ACM Vision V, LLC, regarding its relationship with Vision Property Management that misled home buyers into purchasing subpar properties with harmful sales and lease terms.
The settlement with ACM Vision V involves payment of $992,000 in restitution to impacted consumers, while prohibiting the company from engaging in commercial transactions related to residential real estate in Pennsylvania.
ACM Vision V also agreed in 2020 to deed all 23 homes that it owned in the Commonwealth to the consumers living in them.
“This company was complicit in its relationship with Vision Property Management, which targeted low-income consumers for unlawful rent to own contracts,” Attorney General Sunday said. “Our work on this case will provide a significant sum of money for consumers who were harmed.”
This case began in 2019 against Vision Property Management and its owners, Alex and Antonio Szkaradek, and over 50 other companies they used to purchase over 500 dilapidated and/or foreclosed homes throughout Pennsylvania. These homes were available for “lease with option to purchase,” and “agreement for deed” land installment contracts or mortgages with low income consumers. The Complaint alleges that Vision Property Management utilized deceptive sales tactics and did not disclose the homes’ defects, among other unlawful terms.
In 2021, the Court ordered judgment by default against Vision Property Management and certain other defendants, which resulted in deeding over 250 Pennsylvania homes to consumers who were living in the homes under “rent to own” contracts.
In early 2024, the Court approved settlements with the eight “Archway Defendants,” and a settlement with another group of 14 defendants, which together resulted in the distribution of approximately $800,000 to 250 consumers who were evicted from, or abandoned the Vision homes prior to the commencement of the lawsuit and who were not deeded a house under the 2021 order.
This current settlement will provide restitution for those same 250 consumers.
If you are a victim of Vision Property Management and previously received a restitution check from the Office of Attorney General, you need do nothing – another restitution check will be mailed to you if the Consent Petition is approved by the Court. This will take several months.
If you were in a “rent to own” contract with Vision Property Management but did not previously receive either title to your Vision home or a restitution check, please contact our office online or by phone at 1-800-441-2555.
There are still three defendants remaining in the ongoing litigation: Alexander Szkaradek and Antoni Szkaradek and Vision Property Management. The Consent Petition, if approved by the Court, will clear the path for the Office of Attorney General to vigorously pursue these remaining Defendants.
The Vision Property Management litigation has been handled by Senior Deputy Attorney General Susan Apel. This settlement has been submitted for filing in the Allegheny County Court of Common Pleas and requires court approval.
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