I received a mortgage litigation notice from Consolidated Litigation Group in the mail. It said I was a potential plaintiff in a national lawsuit against Suntrust Mortgage. They stsate that there were potentially fraudulent lender actions.
I called and spoke to Meshawn Davis.(323)-410-7502. She stated that there was a 100% chance that my loan was fraudulent and said the settlement would be a new loan at 80% of my homes current market value with a 2% interest rate fixed. She siad it would cost $1,350 upfront and $2,650 balance.
Is there any legitimacy to this or is this a scam?
Everything you are being told is pure speculation, if not downright lies. I’m not sure how anyone can tell you on a phone consultation that they are 100% sure your loan is fraudulent, huge red flag if you’re asking me.
Statements and warnings have been issued by state bar associations, Attorneys General, and many other consumer advocacy groups about avoiding the mass-joinder pitch. I would tend to side with them and suggest that you save the $4k, especially if you can’t afford to lose it.
Please keep us posted on your progress in the comment section below. I am subscribed to this post and will always do my best to respond promptly. Good Luck!
Andy is a licensed real estate broker in Massachusetts and is the founder of Northeast Properties in Norton, Massachusetts. His brokerage is designed to help homeowners in today’s difficult real estate market, specializing in short sales. Andy speaks with Massachusetts homeowners every day, helping them to address their questions or issues with short sale or loan modification. He enjoys helping consumers arrive at the correct solution to their problem, and believes that the only way to correctly do that is by presenting them with all of their options in an un-biased manner.
If you have a mortgage, short sale, real estate, or loan modification question you’d like to ask just use the online form. I’m happy to help you totally for free.I Got a Mortgage Litigation Notice from Consolidated Litigation Group. - Michael by Andy Faria