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Precision Law Center Mass Joinder Retainer Agreement Revealed

A tipster (send in your tips here) sent in a copy of the Precision Law Center mass joinder litigation engagement package they received.

As you will see the pitch is that for a “retainer” of $5,500, Precision Law Center is selling the consumer into a mass joinder lawsuit which marketers have made all sorts of claims can eliminate or significantly reduce the amount of the mortgage and result in the consumer getting large sums of money as damages.

No case has actually completed yet and there are other documents on this site showing mass joinder marketers are making as much as 80% of retainers charged as marketing fees.

There is real concern that consumers may be paying a significant amount of money for a service that may not stop a foreclosure and not be resolved for many years.

I thought I’d run through a number of items in this engagement package and point out some issues that you should be aware of if you are considering such a solution.

Precision Law Center Mass Joinder Retainer Agreement Revealed

Not much to say, just the cover page.


Precision Law Center Mass Joinder Retainer Agreement Revealed

The agreement says that Precision Law Center has assisted consumers “over the last several years.” Their website says it is copyright 2009 which would support that statement. – Source. Interestingly the domain name PrecisionLawCenter.com exists only back to 2-10-2011. There Twitter account they link to at the bottom of their site has not sent a single tweet. – Source. There linked Facebook page is blank. – Source.

Precision Law Center lists their addresses as:

6 Hutton Center Dr. Suite 600
South Coast Metro, Ca 92707

6 Hutton Center Dr, Suite 600 is a virtual office space. – Source

8 Corporate Park
Irvine, Ca 92606

8 Corporate Park is a virtual office space as well. They don’t list the suite number for this space but it is probably Suite 300. – Source

17011 Beach Blvd. Suite 900
Huntington Beach, Ca 92647

17011 Beach Blvd, Suite 900 is a virtual office space. – Source, Source

This seems very unusual for a law firm that claims extensive capabilities that has been around for a number of years.

The BBB has no record of any business named Precision Law Center. – Source

Precision Law Center makes it appear they are a law firm but they don’t list and lawyers on either their contact or about us page even though they say “Our team has extensive experience in all areas of real estate law,” and “Our attorneys provide superior legal services to virtually every type of client in the banking and financial services industry.” . – Source.

They only mention of an actual attorney is for a Christopher Persaud, Esq on a case that was filed on April 1, 2011. – Source. Christopher Persaud, Esq. has a F rating with the BBB.

The BBB states the following information about the Law Office of Christopher Persaud:

Complainants allege unfulfilled contracts, failure to honor their money back guarantee, and inability to obtain refunds when the company fails to provide modifications. Other customers complain that their financial hardships escalate due to months of waiting in expectation of loan modifications that do not materialize. Some report losing their homes due to excessive waiting periods for services to be provided. Other clients complain that lenders refuse their modifications, however the company repeatedly re-submits requests in lieu of issuing refunds as agreed. Most recent complainants report the company is no longer operating from addresses or phone numbers provided, and they have been unable to reach anyone by phone or email. The company responds to some complaints by disputing that services were not provided, or that the company failed to contact clients on the status of their cases. In some cases the company did agree to a refund or partial refund, however, some complainants contend the company failed to issue the refund as agreed. Some complaints are unresolved meaning the company failed to properly address the complaint allegations or their response was inadequate. – Source

Precision Law Center has been sending out misleading mailers labeled as Form 1012 official looking notifications. – Source

Ironically, even though they saw “we have assembled an aggressive and talented team of litigators,” the only other attorney I could find that listed Precision Law Center was Lloyd Ward who says “We at Precision Law Center do not believe a lack of education is any reason why anyone should lose their home.” – Source. It appears Lloyd Ward has shifted his operations from selling debt settlement to now selling mass joinder cases. They are either operating in cooperation with the Precision Law Center or they just copied their website because the Lloyd Ward page matches word-for-word.


Precision Law Center Mass Joinder Retainer Agreement Revealed

Client will be responsible “pay all fees and costs set forth below and the failure to pay costs represents a reason for withdrawal as counsel.” Regarding those fees and costs, “PLC will not provide you with bills for our services relating to our Representation, unless such pertain to matters that may be reimbursable in any civil action. You authorize PLC to track its time and to apply to the Court for payment of legal fees, which range from $100.00 per hour to $1,000.00 per hour.”

If they run up a bill you can’t pay, they may no longer represent you and your initial payment, in this case, of $5,500 is non-refundable. “You agree and acknowledge that the fee you pay to our PLC is a non-refundable, non-creditable retainer.”

I did find it a bit odd that the consumer is said to select the litigation matter to be included in, shouldn’t that be a decision best left to the attorney?

So the consumer not only pays $5,500 to get into the case but is also agreeing to pay 30% of any financial benefit received because of the case, even if you withdraw from the case for any reason. “Our contingency interest in this case is thirty percent of the gross monetary amount recovered in the lawsuit. If you elect to terminate the relationship at any time, our contingency interest shall remain.” I don’t know about you but that’s pretty scary to pay $5,500 upfront and then if you later change your mind the contingency interest shall remain.

In this case the agreement says Precision Law only practices law in California but the folks that received this agreement do not live in California.


Precision Law Center Mass Joinder Retainer Agreement Revealed

I’m curious, the agreement says it is not valid unless signed in Los Angeles but their offices are not located in Los Angeles.


Precision Law Center Mass Joinder Retainer Agreement Revealed

This page is very interesting indeed. It makes promises based on an estimated value, in fact when I went and researched the address the $80,000 value was the tax assessed value and not the property value. According to Zillow the home is valued at $260,000. Even if we take that as a gross approximation of the value, it’s still nowhere near the value they listed.

Precision Law Center Mass Joinder Retainer Agreement Revealed

The settlement worksheet shows the client is three months behind on their mortgage which leads me to wonder if they were “sold” that if they participated it would stop any foreclosure proceedings. Other mass joinder attorneys have made it clear that this is not the case.

The estimated proposed loan balance is way off if the market value is actually $200,000 more than estimated.

The agreement appears to promise the consumer will receive:

  • Forgiveness of all delinquent payments, fees and penalties.
  • Halt and reverse foreclosure proceedings. (So OK, that was promised.)
  • Credit restoration
  • Possible Compensatory damages in the amount of $22,500
  • Possible Punitive damages in the amount of $52,500

At the bottom Precision Law says the estimates on this sheet may be adjusted by them. So what are they really forecasting then? Is it all fiction?


Precision Law Center Mass Joinder Retainer Agreement Revealed

This agreement is for a full payment of the retainer of $5,500 but it appears installment payments are available as well. But if you don’t pay them, you go to collections.


Precision Law Center Mass Joinder Retainer Agreement Revealed

They will hit your bank account for the entire amount if you want.


Precision Law Center Mass Joinder Retainer Agreement Revealed

So even though this consumer is three months behind, Precision Law Center is not asking for any hardship letter and has appeared to promise foreclosure proceedings will be stopped and revered.

Oh this is going to end badly. I can feel it in my bones.

Precision Law Center Mass Joinder Retainer Agreement Revealed
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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.
  • Dmarano

    Steve,

    Is it true that u calll yourself the get out of debt guy, but yet your in major debt?? i heard you used to own a debt settlement shop or something and it went under! I’d love to see all those bad blogs and forums of your old businesses. Hahaha! Loser

  • Sylvia Civitello

    I am one of the victims of Precision Law Center, so does this mean I am losing my home after I paid them $6600. Is there anything I can do now?

  • Mccoyusmc

    I sent my money ro Precision Law in three installments of $1500.00 each.  That was in August of 2011.  I have not heard one word from them since.  Does anyone ot there no about them?  Please let me know ASAP

    • http://GetOutOfDebt.org Steve Rhode

      Check the related articles. The FTC shut them down.

      • Jorge

         Hi, we have been scammed with 4 properties, PLC never did any litigation for them at all,  and would like to know if anyone is suing them and if we can join, the more the better!!!! Let us know, thanks!!!!
        Jorge

  • Stephanie

    PLEASE READ!  I am seeking legal action against Precision Law Center and
    their contracted law firm Assurity law group for fraudulent
    representation. Please contact me if you have also been scammed by these
    groups so that you can also get your money back. We paid Assurity AKA
    PLC a large amount of money to join the “litigation” against Chase and
    Bank of America. They assured us a modification and restoration of
    credit. This was back in July. They have not answered our phone calls
    since and they have not filed any of the paperwork they were contracted
    to and our homes (2 homes) are now in foreclosure!  They even went as
    far as sending us documentation that made it appear they were pursuing a
    litigation and filed a lis pendens, but when my attorney looked into
    it, they actually didn’t file anything….these were fake documents
    meant to appear that they were fulfilling their contractual agreement.
    They also fraudulently filed a cease and desist to our bank so that we
    weren’t getting any communication from our bank and assured us that
    their retainer fee included the account management of ongoing
    communications with our bank as our legal counsel. They have not had any
    communication with our bank. I have called these people every day since
    July and have got no response. Brian Lakhany, Mike Eeg, and numerous
    others who are the said responsible parties at both law firms have
    denied agreeing to settle this so action needs to be taken. I am even in
    contact with John Palmer who is the said legal counsel for PLC and he
    has gone on record to say that he has not had any affiliation with PLC
    since early last year when he was contracted to help them draft the
    initial litigation case. This means that PLC has no legal counsel that
    is registered with the California State Bar. An investigator from the
    state bar is also working with us on this case and his name is Thomas
    Layton.

    If you have had a similar experience, please know that
    there is recovery available and justice will be served to us that have
    been misrepresented by these groups. 

    Please email me at [email protected]

  • Diana Kronfli

    Precision Law Center got me as well. It has been nothing but a nightmare since March 2011. In the beginning they said their lawyer will contact me. Indeed Christopher Persaud (I discovered later he owns the company) called me and sounded totally unprofessional. I asked a lawyer in my church to give me info. about him and he said Christopher was involved in fraudulent transaction with a partner. I called Christopher and he said all that was cleared and he e-mailed me a document from the court.
    Joe Longo and Coleman Horton were the 2 people I met when I went to their office. Coleman no longer works there. Another person that said he is the manager,  Sammy Lakhany promised they will have another lawyer on board. John Palmer e-mailed me and was very cooperative. He is not working on any of their cases. They had plans but did not materialize.
    I called today and finally someone answered and said they just had a hearing a month ago. I will call the court and check it out.

    • Consumer Protection Attorney

      For those scammed by Precision Law Center, all of their public addresses are nothing but fronts or vitrual spaces.  To pay them a visit at their “boiler room” where many people are on phones night and day trying to defraud more victims, pay them a visit at 1801 E. Edinger, Suite 200 in Santa Ana, CA.  You won’t find any signs on the run-down office building or even the door that leads to Suite 200. . . but rest assured they’re in there.   I hope it’s only a matter of time before the State AG raids the rat hole.   Compliments of a Consumer Protection Attorney “fighting the good fight.”  ;)  

    • Consumer Protection Attorney

      For those scammed by Precision Law Center, all of their public addresses are nothing but fronts or vitrual spaces.  To pay them a visit at their “boiler room” where many people are on phones night and day trying to defraud more victims, pay them a visit at 1801 E. Edinger, Suite 200 in Santa Ana, CA.  You won’t find any signs on the run-down office building or even the door that leads to Suite 200. . . but rest assured they’re in there.   I hope it’s only a matter of time before the State AG raids the rat hole.   Compliments of a Consumer Protection Attorney “fighting the good fight.”  ;)  

    • Stephanie

      PLEASE READ!  I am seeking legal action against Precision Law Center and
      their contracted law firm Assurity law group for fraudulent
      representation. Please contact me if you have also been scammed by these
      groups so that you can also get your money back. We paid Assurity AKA
      PLC a large amount of money to join the “litigation” against Chase and
      Bank of America. They assured us a modification and restoration of
      credit. This was back in July. They have not answered our phone calls
      since and they have not filed any of the paperwork they were contracted
      to and our homes (2 homes) are now in foreclosure!  They even went as
      far as sending us documentation that made it appear they were pursuing a
      litigation and filed a lis pendens, but when my attorney looked into
      it, they actually didn’t file anything….these were fake documents
      meant to appear that they were fulfilling their contractual agreement.
      They also fraudulently filed a cease and desist to our bank so that we
      weren’t getting any communication from our bank and assured us that
      their retainer fee included the account management of ongoing
      communications with our bank as our legal counsel. They have not had any
      communication with our bank. I have called these people every day since
      July and have got no response. Brian Lakhany, Mike Eeg, and numerous
      others who are the said responsible parties at both law firms have
      denied agreeing to settle this so action needs to be taken. I am even in
      contact with John Palmer who is the said legal counsel for PLC and he
      has gone on record to say that he has not had any affiliation with PLC
      since early last year when he was contracted to help them draft the
      initial litigation case. This means that PLC has no legal counsel that
      is registered with the California State Bar. An investigator from the
      state bar is also working with us on this case and his name is Thomas
      Layton.

      If you have had a similar experience, please know that
      there is recovery available and justice will be served to us that have
      been misrepresented by these groups. 

      Please email me at [email protected]

      • B Shibuya

        hello stephanie i too was scamed out of monies too i want to say its 5000.00 us dollars i can check my nk records to be more precise anyays i want these kinds of people to go well if i had it my way to serve on to what they have done to all of the people that were thinking that they were going to save them a bunch es of money how dare they do it to us well they have and im glad to hear im not alone in this matter i should of driven down there and to see their office bldins what the thing is here today gone tommowor . god iam so up set at the whole thing and i trusted them with my money i at the time wasnt working  was looking for wor and i was like i had that kind of money just laying around but i trusted them to do me a good job and i called down there a cople of times and it seemed to me that every time i called them up i spoke to a different person every time i did not like that but their excuse was he out sick and to find out later he was let go of and thats no way for them to do business like that i questioned it a cople of times but they always had an excuse thats how precision law centre works

  • don

    i am writiing this so people know how much of a scam preision law firm is,my wife and i are victums of this scam,this all started in july of 2010 wiith a company called lmc finicial we where told they could do a loan modifaction for us and lower our payments,so we said ok,a year later lmc called me and told me theirs nothing we can do for you so i’ll have a firm contact you that we deal with,needless to say the next day all lmc finical phones where disconnected.so now i get an email from this firm called preision law center,telling me that i have a good case they just need to see some copys of my deed of trust,so i sent it to them,now they tell me that i have a realy good case they just need a retainer of 5000.00 and i’ll be a part of this mass law suit,so i said ok (dumb ass) fell right in…now i’m tring to get in touch with them and no one returns my call,even one line is disconnected,from her on out i have the names of everyone involved this this firm i will be making it known what they have done to me and all the other people out their that they have delt with,if i can help even one person by them reading this then i just saved someone a lump sum of money.
                                                                                                   don
                                                                                                 11/14/2011

  • don

    i am writiing this so people know how much of a scam preision law firm is,my wife and i are victums of this scam,this all started in july of 2010 wiith a company called lmc finicial we where told they could do a loan modifaction for us and lower our payments,so we said ok,a year later lmc called me and told me theirs nothing we can do for you so i’ll have a firm contact you that we deal with,needless to say the next day all lmc finical phones where disconnected.so now i get an email from this firm called preision law center,telling me that i have a good case they just need to see some copys of my deed of trust,so i sent it to them,now they tell me that i have a realy good case they just need a retainer of 5000.00 and i’ll be a part of this mass law suit,so i said ok (dumb ass) fell right in…now i’m tring to get in touch with them and no one returns my call,even one line is disconnected,from her on out i have the names of everyone involved this this firm i will be making it known what they have done to me and all the other people out their that they have delt with,if i can help even one person by them reading this then i just saved someone a lump sum of money.
                                                                                                   don
                                                                                                 11/14/2011

  • Mark

    I recieved a form 52PLL-T Tort litigation lawsuit against BofA. with a case number. I called and talked to a guy named Steve, He was smooth but had the same pitch as you have laid out. Two things that make me think a little different are 1. He mentioned to me the main thing they were looking for was a countrywide loan prosecessed my MERS and if it was it qualfied me in the lawsuit. stating that MERS processing and Countrywide could have been using fraudulant practice to push my loan through and to send the deed of trust to verify and generate a violations report. Secondly he said I was welome to come in the office and dicuss it with a qualfied lawyer if I had questions. He was very convincing!. Sent me an e-mail with a bunch of video news reports about the MERS fraud that made a lot of sense. BofA is settling with BILLIONS of dollars to make this go away, sounds like I may be legitimatly part of that! I’m confused, if PLC is a fraud then were does that leave me if I have grounds for a faudulant morgage loan serviced by Countrywide now by BofA. They my or may not even know who has possession of the note and if it was processed legally!!!!! Remember BofA is just a  servicer not the owner the house. Steve what do you think? I can send source if you would like. 

    • http://GetOutOfDebt.org Steve Rhode

      Believe what you want but you might want to read this article I just wrote.

      Avoid Precision Law Center. Appears to Be Intentionally Misleading People.

      • Mark

        Thank -you for your great article. Funny thing is I just recieved another mailer in the same style from AVID Law center. I’m sure it’s the same thing over again. I understand these particular companies are a scam, but it has raised some question as to weather Countrywide was using deceptive and fraudulant practices to process my loan! Is this something that I should be concerned about and persue legitimatly or not????  

      • http://GetOutOfDebt.org Steve Rhode

        Good old AVID Law Center. You might want to read these past articles on AVID Law Center.

      • Mark

        I GET IT! with these fly by night operations. But you didn’t answer my final and most important question! Are there fraudulant Countrywide loans out there that are being modified and settled out of court by B of A, and could I have one of them? 

      • Ytdf

        Wow I just ran across this web site and I have been talking to an Alan and Thierry (Terry) from Precision Law for a while now. I have not got to the retainer fee speech yet only the part about them getting 30% of the settlement for “Punitive damages”. Alan said he will call me tomorrow to go over the final details. I was a little suspicious from the beginning with this. Not sure I would send them $5000 anyways. I will possibly play along a little longer and tell them to send me something in writing and see what they say and do. So just to be clear on this Principle reduction that Precision Law is saying they can do because of what they call “MERS” on your account is a SCAM correct??

      • guest

        I just got this about Mr. Rhodes from rippoffreport.com:
        Steven Rhodes is a con man…. Posing as a man who fights debt consolidation scams when he himself owns a debt management company that is scamming innocent customers like me. This is just wrong. I talked to steve and he said theres nothing he can do and that getoutofdebt.org is just his website and he just refers people… but when asked the people he refers you to is owned by Steven Rhodes. You are a bad man, taking advantage of people who really need your help. I don’t understand Steve Rhodes to understand but you the consumer should know people like Mr. Rhodes and his get out of debt site is out there…shame shame shame Steven Rhodes. He charges 500 dollars up front and 200 a month. He recently made his wife the president of the company so he could take his name off. He is obviously still running the show and stealing from innocent people do not work with him.

      • http://GetOutOfDebt.org Steve Rhode

        Wow. I don’t mind having critics but at least get some facts right.

        Name: You got it wrong.

        Customers: I don’t sell any services so can’t have customers.

        Referrals: I don’t have any ownership interest in any referral resource. In fact I disclose all my relationships in the site terms.

        Ripoff Report: You failed to mention I already responded on Ripoffreport.com and discredited all the false allegations in it. In fact I even published it here.

        It appears you got nothing right in your mindless attack and you say shame on me?

      • Another Guest

        Dear Guest,
        It is so obvious who you really are.  You are the owner of one of the scam debt settlement companies that was exposed on this site.  The kind that charge huge up front fees, but claim you are exempt from the FTCs advance fee ban.  So you post dumb messages here as petty revenge. 

      • Me

        No, Actually I’m not an owner of any company I just google Mr. Steve Rhode’s name and that is where I got the information from, and Mr. Steve I’ m a critic or anything like that and as me having nothing on you, you are right but it seems like couple of people and companies do have something on you and the only why I’m posting this is if you didn’t have anything do with the other companies then your name would not come up any where. Can you explain that to me how it works? and another guest, take the crap out of your mouth before saying anything that you don’t know about.

      • http://GetOutOfDebt.org Steve Rhode

        What company?

      • Chef823
      • http://GetOutOfDebt.org Steve Rhode

        Help in what way?

      • http://GetOutOfDebt.org Steve Rhode

        Help in what way?

      • Joyce

        We gave them $8000.00 last July. They really took us all for a ride and took off with a ton of our money. Hope the BASTARDS rot in hell for taking advantage of all of us in trouble. We can kiss it good bye.

  • Xrayzerofive

    Anyone who recives a packet should report PLC to the California Bar and Attorney General immediately.  They should also report it in their home state sice they are also practicing law illegally in your state. The packets sent out claims that the mortgage provider violated federal law. (Even a real lawyer would not be able to assess such simply based on local government public mortgage records, which is how they got your name and info)  This constitutes rendering a legal decision, practicing law.  Moreover they are asking you to let them represent you which clearly means practicing law. 

    PLC is not a valid law firm.  It is an ordinary corporation. In California only a Law Corporation can practice law.  A Law Corporation is a corporation that is registered by the California Bar.  In order to qualify for registration the shareholders and officers of the corporation all must be licensed lawyers.  I contacted the California Bar and learned that PLC is not a law Corporation. 

    Indeed PLC stated to me over the phone that its managing Director is Sammy Lakhany.  Sammy Lakhany’s email address was also used to register the PLC Website.  Sammy Lakhany is not a lawyer and can’t legally own interest in or be an office rin a law corporation, he is a fraudster of such fame as Fidelity Legal Services:

      http://www.dfi.wa.gov/CS%20Orders/C-09-272-10-FO01.pdf

    The complaints on PLCS’s website are fake.

    Do not give any money to PLC, immediately file a complaint.  If you already paid you can sue to receive your money back.  They had no right to collect legal fees of any kind.  Consumer protection services or the attorney general might be able to help get your money returned.

  • Ckce21

    Steve,

    Thanks for helping people avoid these types of scams. I went through an hour phone conversation with Precision and was not sold then. Your revelations are very eye opening!!! They seem to be yet another firm trying to kick people while they are down,,Ho[efully not too many people get taken by this nonsense…..

    Thanks for taking the time to educate us Steve!!! Keep up the good work!

  • Burned in Colorado

    this company is just like FH Financial they promise the world and take your money and the they too will be gone.  Anyone who wants money up front for something like this is not being honest.  Please take this review serious from somone who fell for something like this already I can tell you it will not help you in the end you will be further behind and have ruined your credit.

  • Howard

    Here is a new lawyer associated with Precision.  During July I was solicited by the Precision Law Center to join a Wells Fargo Lawsuit.  The name of the lead lawyer that was given to me was John L. Palmer of Bucher & Palmer, LLP, 18002 Irvine Blvd., Tustin, CA 92780.  I left him a call at 714.573.2208 & 714.373.2201 to confirm his association.  A person for Bucher stated Palmer was associated with Precision Law Center but did not head their Litigation department.

    • ENELIA

      I am seconding this- I communicated with Mr. Palmer who emailed me in response confirming he was not the lead litigator in this case or handling the case or representing the clients at all. FYI.

      • http://GetOutOfDebt.org Steve Rhode

        FYI, the law firm that led the marketing of Mass Joinder / Tort Litigation was raided and seized by the California Bar in the last day or so. You can read more about this here.

  • Italy7788

    Hello,
    I hired Precision Law Center to get me legal Defense against Bank of America, I did pay $5,000, and they did do a Great job.
    My house is in So. California, my mortgage was upside down by $150k, and my interest was 7.25%,
    I, like so many homeowners was behind on my payments, B of A did not want to help me after begging them to lower my interest rate just so I can keep my home for my family & I.
    So, the Law Firm after 8 months of negotiating with the Bank,  Reduced my loan by $150k, to most current market pricing, ($740k loan to $590k) lowered my interest down to 4.5%, which reduced my payment in half, to $2,200, vs. $4,400, and then they got the Bank to (forgive) all the payments that I missed.
    I feel really Blessed & Fortunate to have found this company and their bright staff!

    Happy California homeowner :)

    • art

      How did you communicate with them? Did you personally meet their staff/attys? Did you have to be part of the mass lawsuit against banks? Thanks.

    • Jorgerjs

      Hi Italy 7788
      I’m so glad you got your situation resolved.  Please tell me who was the person you were dealing with, who negotiate your loan and were you on a litigation or got a settlement outside the court? did you submit to PLC all kinds of paperwork, meaning taxes, income, bank statements etc., etc? Please help me, we are with them but do not know who is in charge or anything, we just leave messages and messages, all kinds of info will help, thank you Happy California homeowner.
      Loli

    • Jawycuff

      then why are they scaming people????????

  • Brian

    Do you know anything about a Seattle Company run by TJ Marrs?  They offer similar home saving programs.

  • Robynborucki

    I too responded to a mailer from Precision Law firm and have engaged in some email communication with a Senior intake Specialist…You may find some of the corespondents interesting I would love to forward them to you. While I would love to hold Chase accountable for their actions (my mortgage has been permanently modified) there are some rather loud red flags…I have asked for the name of the attorney who would be representing us and no reply…it is a reasonable concern almost seems like they are re-creating the same deception the banks have 

  • Carolyn

    Thank you very much for this info.  I really appreciate these facts.

  • daphne

    Just received a solicitation from these folks and the mailing itself screams deception. The “firm” makes the front of the self mailer look like a FedEx envelope, and the inside look like a W2 statement. They don’t even aim for consistency in their pretense!

  • Craig Duhr

    I just received my packet from PLC and have been asked to pay $3,000 in 2 installments, I was also with House Hold Relief prior to this and they refered me after they were unable to do anything, they took 12 months to try and get me a modification and in the end they said since i was so far behind now on my FHA loan that there was nothing they could do. I want to keep my home so i am willing to do just about anything to keep it and PLC says that this is a class action lawsuit and i feel i have no other options left. Can you give me some advice? Thank you,
    Craig D

  • Steve Rhode

    Donna,

    So I finally heard back from one of the attorneys involved in the BC409444 case who saw what you had to say and shared this with me.

    “As for the allegations as to the case result or monetary rewards, that is an outright fabrication. The Ronald matter has not been concluded. In March, 2011, the 4th Amended Complaint was filed. Shortly thereafter, [ ] filed his motion to remove [ ] as co-lead counsel and, to the best of my knowledge, the matter has been stayed, except for issues regarding a writ to the court of appeal. There is currently a status conference scheduled for Monday, July 11, 2011. Limited discovery has been exchanged.

    To be clear, no settlement or judgment has been reached in this matter and plaintiffs have not received a dime. Anything to the contrary is deceptive and misleading.

  • Msgra2ity

    What I dont understand i why are these law firms not making these cases class action lawsuits??? Theres sooooo many people that could be involved, sooo much money to be made. My dad just got involved with Precision Law Ceneter for $5000(pay when you can).. I would love to because i’m going to lose my home to BOA but this pay when you can seems to good to be true.Still , why not class action law suit?

  • Steve Rhode

    If you were paid can you explain why the court records indicate not settlements have been made. What proof can you offer to backup your claim?

    The attorney in California that looked into your claim check the court records yesterday.

    And no, you do not always need to pay an attorney in advance to represent you if they feel you have a strong case and are willing to take it on a contingency.

    If up to 80% of the up-front fee collected by mass joinder marketing goes to the sales rep, how does that pay for legal services?

  • Donna Hardin

    Damon Day all I was pointing out is that his blogs are VERY, VERY  biased… He is not an attorney and yes a real estate attorney can give a second opinion, and the last I checked whenever ANYONE hires an attorney, they have to pay for services upfront… ANYWHERE!  Unless it’s a PI claim and there is an insurance policy at the end.  Other than that, you will pay for legal services, and as for Steve, my husband and I were paid.  Thank you.  Not sure what the courts recorded and where you go to read your materials.  And on another note, if home owners are in trouble, by gosh, working with them on your own is a death sentence.  They have a fiduciary responsibility to themselves, not you.  Hire an attorney, and based on my history, ALWAYS HIRE ONE

  • Joe debt jr.

    I thought K2 Law is working on Donna Hardin case? http://www.k2-law.com/index.ph… and http://www.k2-law.com/editor/u… $155 million is alot and made me looked around lol..

  • Steve Rhode

    Donna,

    I went back and check on the case you mentioned. Here is what the attorney you reviewed the case for me said, “Donna Hardin is a named Plaintiff in the case. There has been no settlement and no money paid out in that case. Plaintiffs’ counsel made a 998 offer for approximately $155 million, to which the bank did not respond. “

  • Damon Day

    Hello Donna,
    What you might be misunderstanding is that Steve is commenting on what many of these attorney firms and sales people are putting together.  Whether or not a suit will ultimately be successful is dependent on a number of factors.  The point is maybe it will work and maybe it won’t but if the company is asking consumers like Joyce to pony up 8,000 on the hope that they will be successful, that his a huge risk for them.  Especially when a large part of that money is just going to a sales person who typically doesn’t even understand what he/she is selling.

    There may be some legitimate firms that are successfully righting wrongs out there, but there are also many of them who are just pitching unicorns and rainbows for 8,000 and Steve is performing a very valuable service by giving consumers a different perspective and helping them to decide if they want to take the risk.  Because they are taking a huge risk and something tells me that is downplayed by the salesperson when asking for 8,000 and making a victory seem like an almost sure thing.

    Calling Steve an idiot for bringing attention to this and allowing consumers to make a more educated decision, leads me to believe you have some sort of vested interest in other consumers signing up. Whether that is true or not, your comment is certainly misguided and uncalled for.

  • Steve Rhode

    Talk to a local real estate attorney and get a second opinion before you invest any money. How would you be harmed seeking a second opinion from an attorney licensed in your state?

  • Joyce

    Thank-you Donna for your input. We are so confused. This Precision Law wants $8000.00 to join this Mass Tort Litigation.They did tell us this is fairly new and it could take 12 – 18 months.This is all about being put into a mortage that should have never happened.Have you ever heard of this law firm? I just hate doing business over the phone and internet.Would love to talk to you.

  • Donna Hardin

    You know I have read this from this
    STEVE guy and I am convinced that he has nothing better to do. I was part of a
    tort lawsuit against Bank of America that was filed in March of 2009. By 2010
    our case was settled by Bank of America (Case No. BC409444 in LA County
    Superior Court) for 155 million dollars in which my husband and I walked away
    with a little over $174,000. At the time we were 14 months in arrears and were
    caught up. This guy STEVE obviously hasn’t done all of his homework other than
    try and persuade homeowners not to sue their lenders by this law firm for fraud
    and misleading borrowers such as I did. And for the record, anyone who has ever
    had a traffic ticket or other matters where an attorney should be used always receives
    advertisement some look official and some don’t. If it wasn’t for me looking,
    on the internet, to see if the same type of filings were still going on, I
    would of never seen this idiot. Trust me it works because I have been through
    it and I have the outcome… I am on the case if you research it with the case
    number. Please fight your lender or you will never get what you need
    accomplished and working with them is a joke… Thank you all Donna Hardin.

  • Donna Hardin

    You know I have read this from this
    STEVE guy and I am convinced that he has nothing better to do. I was part of a
    tort lawsuit against Bank of America that was filed in March of 2009. By 2010
    our case was settled by Bank of America (Case No. BC409444 in LA County
    Superior Court) for 155 million dollars in which my husband and I walked away
    with a little over $174,000. At the time we were 14 months in arrears and were
    caught up. This guy STEVE obviously hasn’t done all of his homework other than
    try and persuade homeowners not to sue their lenders by this law firm for fraud
    and misleading borrowers such as I did. And for the record, anyone who has ever
    had a traffic ticket or other matters where an attorney should be used always receives
    advertisement some look official and some don’t. If it wasn’t for me looking,
    on the internet, to see if the same type of filings were still going on, I
    would of never seen this idiot. Trust me it works because I have been through
    it and I have the outcome… I am on the case if you research it with the case
    number. Please fight your lender or you will never get what you need
    accomplished and working with them is a joke… Thank you all Donna Hardin.

    • Joyce

      Thank-you Donna for your input. We are so confused. This Precision Law wants $8000.00 to join this Mass Tort Litigation.They did tell us this is fairly new and it could take 12 – 18 months.This is all about being put into a mortage that should have never happened.Have you ever heard of this law firm? I just hate doing business over the phone and internet.Would love to talk to you.

      • http://GetOutOfDebt.org Steve Rhode

        Talk to a local real estate attorney and get a second opinion before you invest any money. How would you be harmed seeking a second opinion from an attorney licensed in your state?

    • http://DamonDay.com Damon Day

      Hello Donna,
      What you might be misunderstanding is that Steve is commenting on what many of these attorney firms and sales people are putting together.  Whether or not a suit will ultimately be successful is dependent on a number of factors.  The point is maybe it will work and maybe it won’t but if the company is asking consumers like Joyce to pony up 8,000 on the hope that they will be successful, that his a huge risk for them.  Especially when a large part of that money is just going to a sales person who typically doesn’t even understand what he/she is selling.

      There may be some legitimate firms that are successfully righting wrongs out there, but there are also many of them who are just pitching unicorns and rainbows for 8,000 and Steve is performing a very valuable service by giving consumers a different perspective and helping them to decide if they want to take the risk.  Because they are taking a huge risk and something tells me that is downplayed by the salesperson when asking for 8,000 and making a victory seem like an almost sure thing.

      Calling Steve an idiot for bringing attention to this and allowing consumers to make a more educated decision, leads me to believe you have some sort of vested interest in other consumers signing up. Whether that is true or not, your comment is certainly misguided and uncalled for.

      • Donna Hardin

        Damon Day all I was pointing out is that his blogs are VERY, VERY  biased… He is not an attorney and yes a real estate attorney can give a second opinion, and the last I checked whenever ANYONE hires an attorney, they have to pay for services upfront… ANYWHERE!  Unless it’s a PI claim and there is an insurance policy at the end.  Other than that, you will pay for legal services, and as for Steve, my husband and I were paid.  Thank you.  Not sure what the courts recorded and where you go to read your materials.  And on another note, if home owners are in trouble, by gosh, working with them on your own is a death sentence.  They have a fiduciary responsibility to themselves, not you.  Hire an attorney, and based on my history, ALWAYS HIRE ONE 

      • http://GetOutOfDebt.org Steve Rhode

        If you were paid can you explain why the court records indicate not settlements have been made. What proof can you offer to backup your claim?

        The attorney in California that looked into your claim check the court records yesterday.

        And no, you do not always need to pay an attorney in advance to represent you if they feel you have a strong case and are willing to take it on a contingency.

        If up to 80% of the up-front fee collected by mass joinder marketing goes to the sales rep, how does that pay for legal services?

      • Wheresthecasenumber

        If you are apart of the March 2009 suit against Bank of America then what was the case number and what city and state was it filed? Since you were successful at winning your suit, then why don’t you share with everyone your case number so the results can be verified?

    • http://GetOutOfDebt.org Steve Rhode

      Donna,

      I went back and check on the case you mentioned. Here is what the attorney you reviewed the case for me said, “Donna Hardin is a named Plaintiff in the case. There has been no settlement and no money paid out in that case. Plaintiffs’ counsel made a 998 offer for approximately $155 million, to which the bank did not respond. “

      • Joe debt jr.

        I thought K2 Law is working on Donna Hardin case? http://www.k2-law.com/index.php and http://www.k2-law.com/editor/user_files/files/Status_Report_POS_10-20-10.pdf $155 million is alot and made me looked around lol..

      • Freya

        The California AG and State Bar filed an action against Kramer & Kaslow 2 weeks ago and seized all records and took over their offices due to the mass joinder cases.

      • Msgra2ity

        What I dont understand i why are these law firms not making these cases class action lawsuits??? Theres sooooo many people that could be involved, sooo much money to be made. My dad just got involved with Precision Law Ceneter for $5000(pay when you can).. I would love to because i’m going to lose my home to BOA but this pay when you can seems to good to be true.Still , why not class action law suit?

    • http://GetOutOfDebt.org Steve Rhode

      Donna,

      So I finally heard back from one of the attorneys involved in the BC409444 case who saw what you had to say and shared this with me.

      “As for the allegations as to the case result or monetary rewards, that is an outright fabrication. The Ronald matter has not been concluded. In March, 2011, the 4th Amended Complaint was filed. Shortly thereafter, [ ] filed his motion to remove [ ] as co-lead counsel and, to the best of my knowledge, the matter has been stayed, except for issues regarding a writ to the court of appeal. There is currently a status conference scheduled for Monday, July 11, 2011. Limited discovery has been exchanged.

      To be clear, no settlement or judgment has been reached in this matter and plaintiffs have not received a dime. Anything to the contrary is deceptive and misleading.

  • Donna Hardin

    Joyce, this works… You need to sue them to get the outcome you need…

  • Joyce

    Well I’m glad my daughter looked deeper into this before I sent my $8000.00 check. We received the 22PLC-G form for the Mass Tort Litigation.Things sounded to good to be true and put up a red flag. Have you had any other people that received this one? They told us this is a huge lawsuit with most likely one thousand people as the plaintiffs against Washington Mutual Bank. Forsing them into a loan modification. This is a national lawsuit. What is your thoughts on this type of form?          Joyce

  • Joyce

    Well I’m glad my daughter looked deeper into this before I sent my $8000.00 check. We received the 22PLC-G form for the Mass Tort Litigation.Things sounded to good to be true and put up a red flag. Have you had any other people that received this one? They told us this is a huge lawsuit with most likely one thousand people as the plaintiffs against Washington Mutual Bank. Forsing them into a loan modification. This is a national lawsuit. What is your thoughts on this type of form?          Joyce              

    • Donna Hardin

      Joyce, this works… You need to sue them to get the outcome you need…

  • Steve Rhode

    It may have been but that’s not really material. Any case filed will take years probably to work through the court.

  • Peggy Lee

    I was told today that the case was filed last week.  How do I verify that or can you?

  • Peggy Lee

    I was told today that the case was filed last week.  How do I verify that or can you?

    • http://GetOutOfDebt.org Steve Rhode

      It may have been but that’s not really material. Any case filed will take years probably to work through the court.

    • http://tehachapicourtservices.com Barb Reynolds

      Go online Peggy and see if the case was filed.  The County in which you reside should have an online search engine for civil cases, family law cases, criminal cases.  Usually, the only cases you cannot access, unless you’re a party to the action or an attorney for one of the litigants, are guardianships and paternity cases (involving children).  If you have any problem, call the Court facilitator and they can help or refer you.  If your County does not have that feature and you have to go to the Court, then do it.  It’s worth the trip.  You don’t have to take anyone’s representation that the case was filed when you can check for yourself.  Take YOUR life into your own hands.  Do not trust Man.  Trust God.  It’s not personal.  It’s business.

  • Steve Rhode

    I don’t have a copy of that second offer. Any chance you could scan it or take a picture of it for me and upload it here?

  • Steve

    Great reading…I’ve recieved a couple of 52PLL-T mailers.  I called and was told what everyone else seems to be saying.  It sounded off base enough, and a quick check smoked this scam out.  I received another piece that seems to be from the same or similar group.  It presents itself as an offer from GMAC to “Modify” the load at a reduced principle balance and 2% fixed rate!  In reality the fine print at the bottom says it’s from Axelrod & Associates, Llc”…..NOT associated with the lender.  Just another spin to get your cash.

  • Steve

    Great reading…I’ve recieved a couple of 52PLL-T mailers.  I called and was told what everyone else seems to be saying.  It sounded off base enough, and a quick check smoked this scam out.  I received another piece that seems to be from the same or similar group.  It presents itself as an offer from GMAC to “Modify” the load at a reduced principle balance and 2% fixed rate!  In reality the fine print at the bottom says it’s from Axelrod & Associates, Llc”…..NOT associated with the lender.  Just another spin to get your cash.

    • http://GetOutOfDebt.org Steve Rhode

      I don’t have a copy of that second offer. Any chance you could scan it or take a picture of it for me and upload it here?

  • sillyme

    I signed up with House Hold Releif and they failed me on a loan modification.  He actually told me if I was so behind on my mortgage than how would $795.00 save my home.  Funny they couldn’t tell me that before they took my money.  I knew they were a scam but I was desprite.  So now they referred me to precision law center and told me that they could help me.  After reading the above article it makes me wonder if they are the same people just in different costume.  I don’t know how people can sleep at night knowing the roof over their head is being paid for by people that are losing there own homes.

  • sillyme

    I signed up with House Hold Releif and they failed me on a loan modification.  He actually told me if I was so behind on my mortgage than how would $795.00 save my home.  Funny they couldn’t tell me that before they took my money.  I knew they were a scam but I was desprite.  So now they referred me to precision law center and told me that they could help me.  After reading the above article it makes me wonder if they are the same people just in different costume.  I don’t know how people can sleep at night knowing the roof over their head is being paid for by people that are losing there own homes. 

  • David

    I called…and this “Lloyd Ward” has zero affilliation with Precision Law so I’m not sure where that info is coming from.

  • David

    I called…and this “Lloyd Ward” has zero affilliation with Precision Law so I’m not sure where that info is coming from.

  • colorado again

    For something that is not a sure thing. people please if you get these notices or calles please please do your research. like i had asked the gentleman on the phone about the money and when it had to be paid, i stated to him i will not miss my mortage payment just to pay them im sorry. so what about the people that are in foreclosure and dont have the money……………

  • colorado again

    For something that is not a sure thing. people please if you get these notices or calles please please do your research. like i had asked the gentleman on the phone about the money and when it had to be paid, i stated to him i will not miss my mortage payment just to pay them im sorry. so what about the people that are in foreclosure and dont have the money…………… 

  • colorado

    I have just recieved the same documents but with different wording, they want 5,000.00 from us and when i asked when does it need to be paid they said at our convience, Hum, sounds all to good to be true. I decided to research these people and started with the bbb, found nothing there.No where on their paperwork i have recieved or on their website do they ever have listed any attorneys names. When i tried calling their office yesterday i never got an answer nor did the answering machine pick up,when i sent an email i was told they were having issues with their phones. also i called today to see what i would get and everytime i have called they answer with the persons name and followed by legal intake, i find that ironic also. i began to be skepitical when i recieved the paper via fax and started to read over the contract, No attorney’s names, no case number no other paperwork regarding the suit, im sorry but if i am putting out 5,000.00 i want to see everything and no i will not sign something that states they may need more money NO THANK YOU. on the contract it states my house value is at 180,000.00 way under what it truely is by about 30,000.00 to 40,000.00 dollars. I find this very sad that still after everything america has been through we still have people like this that are willing to take from the people in need the most, these familys that have worked so hard to save their houses and someone comes along and wants money from people that are in forclosure and sales them this dream that is not there. im so glad i did not fall for this and did my research (almost did though) thank god my house is not in foreclosure.

  • colorado

    I have just recieved the same documents but with different wording, they want 5,000.00 from us and when i asked when does it need to be paid they said at our convience, Hum, sounds all to good to be true. I decided to research these people and started with the bbb, found nothing there.No where on their paperwork i have recieved or on their website do they ever have listed any attorneys names. When i tried calling their office yesterday i never got an answer nor did the answering machine pick up,when i sent an email i was told they were having issues with their phones. also i called today to see what i would get and everytime i have called they answer with the persons name and followed by legal intake, i find that ironic also. i began to be skepitical when i recieved the paper via fax and started to read over the contract, No attorney’s names, no case number no other paperwork regarding the suit, im sorry but if i am putting out 5,000.00 i want to see everything and no i will not sign something that states they may need more money NO THANK YOU. on the contract it states my house value is at 180,000.00 way under what it truely is by about 30,000.00 to 40,000.00 dollars. I find this very sad that still after everything america has been through we still have people like this that are willing to take from the people in need the most, these familys that have worked so hard to save their houses and someone comes along and wants money from people that are in forclosure and sales them this dream that is not there. im so glad i did not fall for this and did my research (almost did though) thank god my house is not in foreclosure.

  • Steve Rhode

    @0b6087f04f806787641ddbe64af3c948:disqus Only you can decide if it is scam. But you should exercise extreme care before paying a lot of money for something that offers no guarantee. At the very least, talk to a local real estate attorney first and get a second opinion.

    What’s your situation? Are you current with your payments?

  • Kndl88

    i just got a notice from them form 52pll-t against hsbc mortgage…is it a scam?

    • http://GetOutOfDebt.org Steve Rhode

      @0b6087f04f806787641ddbe64af3c948:disqus Only you can decide if it is scam. But you should exercise extreme care before paying a lot of money for something that offers no guarantee. At the very least, talk to a local real estate attorney first and get a second opinion.

      What’s your situation? Are you current with your payments?

  • Kndl88

    i just got a notice from them form 52pll-t against hsbc mortgage…is it a scam?

  • Steve Rhode

    Another participant in the mass joinder cases, had this to say in a previous article, “The fact is that no individual who cannot afford the loss of his or her retainer should retain Brookstone, because that could be the result. We hope not, we will work zealously for that not to occur. But there are no guarantees in litigation except that the outcome is uncertain.” See this article.

  • Louis

    I was told by their “Telemarketers” that haing their firm represent me that they would actually be able to stop the bank from foreclosing for at least the two years, the time it would take for the case to be litigated in a courtroom, which in a sense if at the end if we didn’t win that in iteslf would more than worth the the $6,000.00 retainer fee. After several calls from “Precision law center” I decided to call their bluf. and I told them that if they were to put that in writing that I might consider their offer. Needless to say I haven’t heard from them again. Louis

  • Louis

    I was told by their “Telemarketers” that haing their firm represent me that they would actually be able to stop the bank from foreclosing for at least the two years, the time it would take for the case to be litigated in a courtroom, which in a sense if at the end if we didn’t win that in iteslf would more than worth the the $6,000.00 retainer fee. After several calls from “Precision law center” I decided to call their bluf. and I told them that if they were to put that in writing that I might consider their offer. Needless to say I haven’t heard from them again. Louis

    • http://GetOutOfDebt.org Steve Rhode

      Another participant in the mass joinder cases, had this to say in a previous article, “The fact is that no individual who cannot afford the loss of his or her retainer should retain Brookstone, because that could be the result. We hope not, we will work zealously for that not to occur. But there are no guarantees in litigation except that the outcome is uncertain.” See this article.

      • http://tehachapicourtservices.com Barb Reynolds

        More likely than not — that would in fact be the result — the loss of the retainer if the client was displeased with the result.  Why else would such an overreaching statement be placed in the agreement?  I’ll bet you dollars to donuts the agreement also provided the statement that any controversy would be subject to the expensive process of the American Arbitration Association as a preemptive strike to any Client thinking about suing.  The Client is “stuck” because to Arbitrate BEFORE entering the Court system, places the Client in the position of deciding between paying for Arbitration and buying groceries.  The deviants will demur to any cause of action that filed in State Court before the expensive arbitration process takes place.  (That prohibition is inherent in these overreaching contracts.)  These deceivers have thought through the process and spend their time figuring out how they can keep monies they had no intention of earning; and in the process ensure that you never have the wherewithal to stop them.  This deviant tactics reminds me of a bunch of home loan thieves in West Los Angeles about 20 years ago, who would engage in the same tactic, but it has since been abolished.  This practice gives the Real Lawyers a bad name and black eye.  Thanks for your consumer and legal advocacy.

    • http://tehachapicourtservices.com Barb Reynolds

      Good for you asking that the representations be set forth in writing.  Don’t you love people who insult your intelligence?  This is a case of a classic sociopath who cares for nothing and no one but himself.  I will never in life forget what a Lawyer sat in front of me and stated to a prospective client to whom I was referring him.  The Lawyer said:  ”I will lie, cheat or steal to win.”  That was not a lawyer who became immoral and expressed an intent to engage in moral turpitude after becoming a Lawyer.  That lawyer was immoral Before passing the Bar. 

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