I owe more than they say the house is wirth so I have been trying to geta re finance to a lower rate since I pay 6-1/8 interest rate now interest only loan and will rollover to interest and principal payment next year. I was contacted by the real estate law center Pc and right now I am at the point of signing up but have to pay a large retainer fee of $5,000.00 not sure whether this legit
Has anyone had similar experience with what kind of results. Are there any other courses to take.
Bill
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I Sued Wells Fargo in 2006 for a terrible loan in which they where missing documents that i didn’t Sign. It cost me almost 30,000 dollars. The victory was definitely worth it. I do own a second home that I have been getting raped by B of A on and I am seriously considering joining this Mass Tort suit. 5k is a drop in the bucket to what I paid before. Is there a way to sue them that is less then that?
Hi, what attorney did you use? Are you happy with them? Have they done a good job for you? I’m just curious as I’m looking for one. Thank you
scam
Hi Bill,Â
Google “the people of California vs. Countrywide 2008
Attorney General Gerald Brown, now Governor had forced the bank to admit bad loans and he had mandated that the bank fix those loans with a 2.5% interest for 30 years fixed at 95 percent loan to value.
Do your research and you will see that Real Estate Law Center is basing some of their complaint on that precedence.Â
Go to a site after your research http://www.SueYourMortgageBank.com and you will see.
I have been through a foreclosure and cleaned up debt at various times in my life. I would say do not pay this money under any circumstances. You can find a good local attorney or someone on a decent site like this to answer your questions and give you guidance for thousands less than that. No one can wave a wand, no matter how much money you give them. I have found my best protection is hours of research on my own and a few excellent paid legal questions to professionals who aren’t in the business of making money from someone else’s debt. Go to your state website and google reputable consumer protection folk first. They will help you. Best of luck!! Leslie
You are not all correct. Foreclosure prevents you from buying a home for at least 7 years. Short sale is on for 2 years and less damaging to your credit.
Now, when a bank breaks the law, you have the power to go after that.
There are cases being won now whereas before wasn’t the case.
In all cases, there are always bad apples in with a bunch of good ones.
So, you are right, no one can wave a wand, but instead of being controlled, you can be in control.
‘5,000 is what I paid and that’s it. My attorney doesn’t charge more unless they win.
If you were in a car accident your attorney, if you are in the right will take your case free until he/she wins the case, but a large margin plus fees is subtracted because the law is “expensive.”
If you were in Family Court for Child Custody or divorce. You pay upfront.
But when you pay for a real estate attorney that charges a small retainer and then has a contingent fee at the close of the case, it helps cover the fees, time, and support to win the case and the incentive for the firm to win your case is there too.
So, it’s not a bad deal when it comes to saving a home that is worth thousands to you now or in the future as well as not having to move or having your credit destroyed.
Your statement about 7 years after foreclosure is incorrect.
The issue in California and the reason the Attorney General took such exception to the advanced fees was the illegal fee sharing among marketing agents and representatives who were not legal employees.
You say your attorney does not charge more unless they win, so how much do they charge if they win?
I haven’t heard about them but 5K seems really high. Â I would talk to your bank about a loan modification or trying on of their refinance programs. Â I tried one of these and they took my 3K and ran…..
5k for an attorney that will Sue on your behalf is cheap when it comes to suing, Real Estate Law Center is not Posed to just do a modification but also they go after damages too. There are loans out there that are not good per “The People v. Countrywide 2008” in the State of California. http://www.SueYourMortgageBank.com is just that, they put us in the offense instead of the defense. These banks do not want to modify, why? I’ll tell you why. These loans are insured when the loan was taken out with Default Insurance with AIG and other insurance agencies. When you default, and when the bank forecloses on you, they get all their money back plus fees and penalties from the insurance company. Then the Trustee makes about 7,000 to 8,000 per foreclosure. They don’t care about you. Real Estate Law Center has been one of the honest firms out there that really fight for your rights. I know, I am a client too and now Judd McIlvain, The Troubleshooter believes this too.
The bank also earns money every time they take an application, and then for some reason, they lose your stuff. It’s been 6 times they lost my stuff. I have fought them personally in Court and they are truly not caring what the best interest of the homeowner.
I have been ripped off before by the now debunked Liberty Law Center, and all they did was modifications. The Bar returned all my money plus the attorney was disbarred.
With all litigation, it’s always a risk, but you have a better chance fighting in an offensive manner than place your faith in the bank. You will most likely be disappointed in the outcome.