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Home > Ask The Get Out of Debt Experts > Is Paying $4 Grand to Join a Mass Joinder Suit with Kramer & Kramer a Legitimate Way to Save My Home From Foreclosure? – Syd

Is Paying $4 Grand to Join a Mass Joinder Suit with Kramer & Kramer a Legitimate Way to Save My Home From Foreclosure? – Syd

“Dear Steve,

I’m 8 months behind on property mortgage (Chase), due to unemployment and escrow account being added to payment (68% increase). 2 loan modification requests rejected; in process on third. Foreclosure sale date set; have not received NOD or NOS.

Is paying $4000 to Kramer & Kramer to join Mass Joinder suit against Chase a legitimate, last resort scenario to save my property?

Syd”

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The Answer

Dear Syd,

I can’t speak for either Kramer & Kaslow, your salesperson, or on a legal basis since I am not an attorney. But I can share with you what I have observed and been told.

Vito Torchia, Jr., an attorney with Brookstone Law, another law firm that is pursuing these mass joinder cases, said recently in this article that:

These lawsuits may be suitable for homeowners who are current on their mortgage but have lost equity, as well as homeowners who are facing foreclosure or who have already been wrongfully foreclosed upon (though these lawsuits do not, of themselves, prevent foreclosures and such efforts require a separate proceeding that may or may not be successful).

I’ve seen a lot of marketing from the mass joinder sales reps and while the claims are made that participating in the suit will prevent your home from being foreclosed, the words of Torchi and those shared off the record with me by another attorney pursuing mass joinder cases make those statements not believable.

My opinion, based on the words of two mass joinder attorneys and this warning from the California Department of Real Estate is that it certainly seems the odds are that participating will NOT prevent the sale of your home in foreclosure.

But the smart thing to do is to get a second opinion on your case from a licensed real estate attorney in the state where you live. A second opinion might cost you a little, but it could prevent you from making a huge mistake that could cost you a lot.

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

Big Hug!

Is Paying $4 Grand to Join a Mass Joinder Suit with Kramer & Kramer a Legitimate Way to Save My Home From Foreclosure?   Syd
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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.
  • FactChecker

    Why dont you have a BBB rating?

    I couldnt attend the webinar- but if you are you a “legit” biz, as you say, perhaps you could speak here about your companies credentials.

    For the record, a ton of amateurs do come on this site and look to pull business from people openly looking for help- To simply claim that you’re “legit” is just not enough. Of course you do not need to expound on your claim, but why wouldn’t you? In the event you are running a good company, I’d like to know about it.

    Do you charge any fees up front? Are you running a lawyer referral service? What do you do?

    For the record, I did not attack you- And I am interested in finding out more, as I’m sure many people here are. This is an opportunity to present your service to the masses.

    Thank you in advance,

    FactChecker (anonymity in advocacy in this marketplace can play an important role- and sometimes protect our own health… Not a lot of sweethearts out there stealing for a living)

  • Blake Goldberg

    I would be more then happy to give any of you a chance to listen to the webinar this evening and then you can have an opportunity to make a comment. The blog was just established about 2 months ago and the website has not completely been updated yet. What we do is very particular and has helped many consumers stay in their homes which is our ultimate goal. I simply put an offer out here to help out an individual who is running out of options fast, if you want to publicly make comments like the ones below you need to do it after you have been educated about our services and not to just go around bashing people like ourselves who are only attempting to help consumers like Syd out of their current financial crisis. I think staying anonymous is probably a good idea for both of you. Who would really count on any kind of credibility or professionalism from some blogger who writes “bro” in their text while attempting to sound intelligent! I hope to see all of you on tonight’s presentation so that you might be able to learn something about what we do and where these industries are headed. GOOD LUCK!

  • http://twitter.com/debtlawexpert Blake Goldberg

    I would be more then happy to give any of you a chance to listen to the webinar this evening and then you can have an opportunity to make a comment. The blog was just established about 2 months ago and the website has not completely been updated yet. What we do is very particular and has helped many consumers stay in their homes which is our ultimate goal. I simply put an offer out here to help out an individual who is running out of options fast, if you want to publicly make comments like the ones below you need to do it after you have been educated about our services and not to just go around bashing people like ourselves who are only attempting to help consumers like Syd out of their current financial crisis. I think staying anonymous is probably a good idea for both of you. Who would really count on any kind of credibility or professionalism from some blogger who writes “bro” in their text while attempting to sound intelligent! I hope to see all of you on tonight’s presentation so that you might be able to learn something about what we do and where these industries are headed. GOOD LUCK!

    • FactChecker

      Why dont you have a BBB rating?

      I couldnt attend the webinar- but if you are you a “legit” biz, as you say, perhaps you could speak here about your companies credentials.

      For the record, a ton of amateurs do come on this site and look to pull business from people openly looking for help- To simply claim that you’re “legit” is just not enough. Of course you do not need to expound on your claim, but why wouldn’t you? In the event you are running a good company, I’d like to know about it.

      Do you charge any fees up front? Are you running a lawyer referral service? What do you do?

      For the record, I did not attack you- And I am interested in finding out more, as I’m sure many people here are. This is an opportunity to present your service to the masses.

      Thank you in advance,

      FactChecker (anonymity in advocacy in this marketplace can play an important role- and sometimes protect our own health… Not a lot of sweethearts out there stealing for a living)

  • FactChecker

    Further your site says you’ve helped “thousands” of clients, but there is NO info on your company anywhere- and your “Blog” goes all the way back to last month…

    This is not to say YOU don’t have the experience or credentials but you better elaborate on all that if you want to go fishing in this pond

  • Anon | nonA

    Hey Blake – you better watch your back with a website like the one you have up (http://www.ncadvocates.biz/) … “credit restoration”, really?! (can you say CROA!) … “debt mitigation” attorneys and arbitration, c’mon, dude, you’re an amateur! You smell of fraud, bro!

  • FactChecker

    How “legit”

  • Blake Goldberg

    Hello Syd,
    I have recently teamed up with a very legit company that specializes in Mortgage Investigation and may be able to help you stay in your home, if that is what you are choosing to do. From what I have seen across the industry, these kind of law suits can possibly get you a small principal reduction in many cases and may slow down the foreclosure for a moment, but just like Steve said above, it will not stop the process completely. I would highly recommend that you attend a free webinar that I will be hosting this evening and see if one of our programs can help you. My partner John will be speaking during the second half of our presentation about his expertise in this field. I would be happy to send you an invitation today or if you would like you can join our blog at ….. http://nationalconsumeradvocat… I hope we can help!
    Regards,

  • http://twitter.com/debtlawexpert Blake Goldberg

    Hello Syd,
    I have recently teamed up with a very legit company that specializes in Mortgage Investigation and may be able to help you stay in your home, if that is what you are choosing to do. From what I have seen across the industry, these kind of law suits can possibly get you a small principal reduction in many cases and may slow down the foreclosure for a moment, but just like Steve said above, it will not stop the process completely. I would highly recommend that you attend a free webinar that I will be hosting this evening and see if one of our programs can help you. My partner John will be speaking during the second half of our presentation about his expertise in this field. I would be happy to send you an invitation today or if you would like you can join our blog at ….. http://nationalconsumeradvocates.blogspot.com/ I hope we can help!
    Regards,

    • FactChecker

      How “legit”

    • Anon | nonA

      Hey Blake – you better watch your back with a website like the one you have up (http://www.ncadvocates.biz/) … “credit restoration”, really?! (can you say CROA!) … “debt mitigation” attorneys and arbitration, c’mon, dude, you’re an amateur! You smell of fraud, bro!

      • FactChecker

        Further your site says you’ve helped “thousands” of clients, but there is NO info on your company anywhere- and your “Blog” goes all the way back to last month…

        This is not to say YOU don’t have the experience or credentials but you better elaborate on all that if you want to go fishing in this pond

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