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What is Your Opinion on This Mass Joinder Law Suit Against Wells Fargo? – Damon

“Dear Steve,

What is your opinion on the Mass Joinder law suit vs Wells Fargo initiated by Kramer Kaslow? Mesa Law Group is pushing me towards doing it, but when I google the lawsuit it sounds like most people think it is nothing more than a big scam. I would be very interested in hearing your opinion.

Thanks for your time!

Damon”

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The Answer

Dear Damon,

I have no opinion on the merits of the underlying lawsuit in these mass joinder cases. My concerns arise over the marketing and often flat out lies people are being told to get them to pay thousands and thousands of dollars to join the suits.

I’ve seen the commission schedules and the marketing agents are getting paid way too much money and that just drives up the cost to consumers and is more likely to result in deceptive marketing. You can see some of the commission schedules here.

This effort to sell participation in mass joinder cases began in California. The State of California issued this warning to consumers.

My advice would be to first seek a second opinion from a real estate attorney licensed in your state before you shell out big bucks.

Please post your responses and follow-up messages to me on this in the comments section below.

Big Hug!

What is Your Opinion on This Mass Joinder Law Suit Against Wells Fargo?   Damon
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About Steve Rhode

Steve Rhode
Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.
  • Gail mills

    So, has Avid Law Center successfully negotiated loan modifications or not? Is there any way to know their track record?

    • http://GetOutOfDebt.org Steve Rhode

      There is no verifiable third-party way to know. If you ask them then specifically ask them this question. “Of all the people that ever paid for service, what percentage received a permanent modification solely because of your assistance?”

      In order for you to get the complete picture you need to know the percentage of success of all people that ever paid and not just the ones that received a modification.”

      If they lie to you and then fail you’ve got a good claim against them for deceptive marketing. Make sure you document their response to your specific question.

  • Richard

    The problem is that most people are not just going to walk into a law office with a slam dunk case. I personally know a couple of attorneys that are still practicing law today that have taken more than $5k from clients and did not do anything for them. These guys put the money into their trust accounts and bill hourly on it until it is all gone and then ask for more. If the law firms were not taking money upfront and con artist were not illegally using the firms brands to profit from these suits then everything would be fine. I think you need to do your own due diligence and shop around different law offices to see what kind of case you might have against your lender before you decide to go with these guys. There is always an exception to the rule. We all know that the majority of companies doing loan modifications were scams, but there were people who got really favorable outcomes from doing a loan modification and there were people who did not. There may be people who get favorable outcomes from filing lawsuits and there will be people who don’t.

  • Richard

    The problem is that most people are not just going to walk into a law office with a slam dunk case. I personally know a couple of attorneys that are still practicing law today that have taken more than $5k from clients and did not do anything for them. These guys put the money into their trust accounts and bill hourly on it until it is all gone and then ask for more. If the law firms were not taking money upfront and con artist were not illegally using the firms brands to profit from these suits then everything would be fine. I think you need to do your own due diligence and shop around different law offices to see what kind of case you might have against your lender before you decide to go with these guys. There is always an exception to the rule. We all know that the majority of companies doing loan modifications were scams, but there were people who got really favorable outcomes from doing a loan modification and there were people who did not. There may be people who get favorable outcomes from filing lawsuits and there will be people who don’t.

  • Damon

    got it – so basically it’s a big scam with a “carrot” that is too good to be true… and we all know how that always turns out.

  • Michael

    Think about this, if you walk into an attorneys office with a “rock solid” claim against a major corporation for a lot of money…..are they really going to turn your case away because you can’t pay a 5k retainer fee? Well, I never have. None of the attorneys who I know that do legitimate foreclosure defense have. It is straight contingency fee. You don’t win, we don’t get a penny.

    Michael Dye
    Attorney, Raleigh, NC

  • Michael

    Think about this, if you walk into an attorneys office with a “rock solid” claim against a major corporation for a lot of money…..are they really going to turn your case away because you can’t pay a 5k retainer fee? Well, I never have. None of the attorneys who I know that do legitimate foreclosure defense have. It is straight contingency fee. You don’t win, we don’t get a penny.

    Michael Dye
    Attorney, Raleigh, NC

    • Damon

      got it – so basically it’s a big scam with a “carrot” that is too good to be true… and we all know how that always turns out.

    • Locoink

      People in Oregon have won 5 out of 5 against MERS and mine is a MERS case. I cannot find anyone who will help me on a contingency fee basis. They all want big money, and I don’t have it. I have filed pro se against US Bank, Capital One and MERS along with the trustee (Ochoa v. Capital One). I am starting to feel it is over my head, but still plugging along on my own. So, yes, I have been turned down several times on a solid case.
      Charlotte Ochoa
      Lebanon, OR

    • Mel Content

      This is such common sense logic, you’d think people wouldn’t have to be told, but you are right. Attorneys don’t turn down winning cases. Nobody with a Mesothelioma claim of any merit ever had to pay a dime in retainer.
      This mass joinder is a total scam and all you have to do to figure it out is to look at the background of its architects. Google Mitchel J. Stein and any of the following:

      National Century Finance
      EMedsoft
      HealthMed
      Chartwell
      SignalLife
      Avanir Pharmaceuticals
      ADS Media
      Heart Tronics
      Barbara Boxer
      Dudimir Dragulic
      Nick Sparks
      Ken Londoner
      Willie Gault
      Joe Pesci
      Lance Poulsen
      Rebecca Parret
      Edward Hennesy Jr.
      Beverly Century Trust
      Trammel Trust
      Mattel Trust
      Emanuel Barling
      Etc.
      Etc.
      Etc.
      Ad infinitum
      Ad nauseum

      Cue Frank Sinatra:
      Yes, there were times, I’m sure you knowWhen I bit off more than I could chewBut through it all when there was doubtI ate it up and spit it outI faced it all and I stood tallAnd did it my way

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