I received a letter from “The Resolution Law Group, P.C.” (quotations mine) at 500 West Putman Ave, Suite 400, Greenwich, CT, 06830. They claim to have filed a Complex Tort Action against Wells Fargo Bank, my mortgage lender, and have invited me to be a potential plaintiff in a suit for fraudulent lender/servicer actions. I live in Maryland. When I called the 800 number, I reached someone in Nevada who requested a retainer of $5,000 and a monthly payment while the suit is ongoing. They said we could also sue the bank for up to $75,000. They asked me my current payments and said they could get them lowered by about 40%. It would be great but we’re not behind and have already been declined by the bank for a lower interest rate. Is this worth it?
Do you know anything about this law firm and are they allowed to do business in three separate states like this? The deal sounds great, but it’s a lot of money up front for uncertain results. Does it sound too good to be true?
The pitch you got sounds like the same wildly discredited mass joinder sales pitch that has been closed down in other states. Click here for past articles on this.
Of all the people sold into such a program I can’t remember an example of anyone that got the promised result.
Let’s take a look at The Resolution Law Group.
According to the State of Maryland, The Resolution Law Group is not registered to do business in the state.
The Resolution Law Group website lists their attorneys as R. Geoffrey Broderick, Jr, Marc H. Hoffman, and Ian S. Berger. Their own website appears to state they are not licensed in Maryland. – Source
The website theresolutionlawgroup.com has only been registered since November 12, 2011 and the ownership for the domain name is hidden.
I would suspect the people you talked to in Nevada was a call/sales center. The State of Nevada shows there is no company named The Resolution Law Group that is registered to do business in that state.
I’d asked The Resolution Law Group two very important questions.
- Which of their attorneys is licensed to practice law in Maryland?
- What is their track record of being able to get their clients the promised claims and at what cost to the consumer?
If they won’t put either of those answers in writing then I’d consider that to be a big red flag.
You are being sold a widget, evaluate it as such and proceed with inquisitive caution.
Please post your responses and follow-up messages to me on this in the comments section below.Big Hug!
Get Out of Debt Guy - Twitter , G+ , Facebook
If you have a credit or debt question you'd like to ask just use the online form .