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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.

Not much to say, just the cover page.


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

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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.


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.

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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.


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


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.

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?


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.


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


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.

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.





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.

102 Comments

  • 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

      •  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

  • 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]

    • Hi Stephanie,  I put my $4500.00 in last August.  I haven’t heard a word from them.  Please include me in this suit.  I just can’t get ahold of any of that group.  My email is [email protected] 

    • hello .in to reply to all i would really like some information on who the attorney was would be a big help for me so i can file a complaint  for plc and get some of my money back and see if i can get my house back too thanks  brian heres my e mail adress [email protected]

  • 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.

    • 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.”  😉  

    • 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.”  😉  

    • 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]

      • 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

  • 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

  • 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

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