Ask The Get Out of Debt Experts Real Estate

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”

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.

Sincerly,
Steve

You are not alone. I'm here to help. There is no need to suffer in silence. We can get through this. Tomorrow can be better than today. Don't give up.

READ  I Got an H-118 Litigation Settlement Notification in Mail to Join a Mass Joinder Lawsuit. - Agaton



About the author

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.

10 Comments

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

    • 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.

Leave a Comment

Scroll to Top