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Real Estate Related

AVID Law Center Puts New Wrinkle in Mass Joinder Compensation

Avid Fees

A tipster (send in your tips here) has just forwarded a copy of the AVID Law Center pre-litigation retainer agreement in which it introduces a new money making effort to charge consumers participating in the mass joinder efforts against lenders. in this case while the AVID Law Center mailers look like the other mass joinder mailers and the language give ... Read More »

MP-50416E is the Newest Mass Joinder Mailer to Watch Out For

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A reader sent in a new version of the mass joinder mailer that is now going out. This is just another misleading marketing piece that looks just like the H-118, 52PLL-T, and 1012-R mailers I’ve written about before. This mailer makes the same unsubstantiated claims of debt forgiveness, interest rate reductions, balance reductions, and an award for monetary damages. Be ... Read More »

Consumer Action Law Group Appears to Be Just Another Pit Stop on The Way for Mike Wayman and Don Brokaw

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A reader and tipster (send in your tips here) sent in additional information on a company allegedly crafted by a couple of guys I’ve written about before, Mike Wayman and Don Brokaw. These guys have created a series of debt relief companies that have opened and closed in their wake. The latest incarnation is the Consumer Action Law Group which ... Read More »

Banks Ask Homeowners Facing Foreclosure to Waive Rights

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ProPublica This story was co-published with Slate. A few months ago, Bank of America offered Sergio Cortez of Staten Island, N.Y., the help he desperately needed to stay in his home: a break on his mortgage. Like millions of others, he was facing foreclosure. But there was a catch buried in the fine print. Cortez had to waive any possibility ... Read More »

Precision Law Center Mass Joinder Retainer Agreement Revealed

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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 ... Read More »

New Mass Joinder Mailer Being Sent Out. Form 52PLL-T

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If you have received a solicitation by a law firm with a mailer that is labeled Form 52PLL-T, myself and the California Bar Association would like to know more about this form. You can submit your copy of this deceptive mailer using the form below. Example 1 – Florida Sender: Precision Law Center 6 Hutton Center Drive Suite 600 South ... Read More »

Just Thinking About Strategically Defaulting on Your Mortgage? FICO Says They Know Who You Are

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FICO recently released a study that claims they can pinpoint those who are prime candidates for strategically defaulting on their mortgage. Strategic defaulters can be defined as those able to make their mortgage payments but unwilling to do, often because their mortgage is worth more than their property value. Researchers at FICO have determined an ability to identify borrowers 100 ... Read More »

Is Strategic Default Morally Bankrupt?

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A tipster (send in your tips here) sent in this video from the Daily Shop regarding the Mortgage Bankers Association and their own strategic default on the organizations headquarters. CoStar Group Inc., a provider of commercial real estate data, announced that it had agreed to buy the MBA’s 10-story headquarters building in Washington, D.C., for $41.3 million. The price is ... Read More »

Why Doesn’t the 1012-R Mass Joinder Mailer Say Who the Attorney Is?

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Consumers are still sending in current mailers they are getting asking them to join in a mass joinder litigation lawsuit. Take a look at the mailer I just received from one tipster (send in your tips here). Not only does the front not revel who the law firm or attorney is that is behind the litigation mailers but the inside ... Read More »

Washington Attorney General Warns Consumers to Avoid Mass Joinder Suits

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The Washington Attorney General’s Office cautions homeowners about paying to participate in a “mass joinder” lawsuit promising mortgage relief. The lawyers and marketers pushing these suits charge upfront fees and frequently promise results. In reality, litigation is time-consuming and even a qualified attorney can’t guarantee the outcome of a case. Moreover, representatives of a legitimate class-action suit would not ask ... Read More »

BBB Warns Consumers to Be Careful of Mass Joinder Mailers

The St. Louis Better Business Bureau has issued a notice to consumers to be careful of the wave of mass joinder material that is being sent out to consumers. Some of the notices the alert covers already have appeared on this site as examples of mailers to be concerned about. You can see a copy of this mailer as mailer ... Read More »

Vito Torchia Jr. of Brookstone Law is My Hero Today for Laying Out the Mass Joinder History

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I’ve written before about Brookstone Law and it’s managing lawyer, Vito Torchia, Jr. Click here for past articles. Some of those article have touch off firestorms and threats to sue me and this site. But I do always try to be fair and today I am declaring Vito Torchia, Jr. day on the GetOutOfDebt.org site. Why would I do that? ... Read More »

Quantum Law Firm Selling Mass Litigation Alliance Mass Joinder Lawsuit Participation. Looks Like a Blank Check.

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A tipster (send in your tips here) sent in a recent cover letter from Quantum Law Firm that included the Mass Litigation Alliance engagement pack. The cover letter states all the consumer needs to do is have a representative come out to pick up the completed package. I frequently hear from people they are sold participation in these mass joinder ... Read More »

California Bar Journal Issues Warning on Mass Joinder Mortgage Litigation

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Nancy McCarthy of the California Bar Journal published an article warning consumers about the sudden wave of mass joinder marketing and the 1012-R mailers that are being sent out. When Los Angeles lawyer Luis Rodriguez responded to a summons-like mailer [Form 1012-R] soliciting him to join other homeowners in a lawsuit against the Bank of America, he was told he ... Read More »

Lawsuit Reveals How a Middleman Is Blocking Mortgage Modifications for Homeowners

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by Paul Kiel, ProPublica Pamela Jeter of Atlanta, Ga., has been trying to get a mortgage modification for more than two years. She seems like an ideal candidate. She has shown she can stay current with a reduction in her monthly mortgage payments. Everybody would seem to win. Even the investors who ultimately own her loan think she should be ... Read More »

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