Real Solutions

If you are looking for solutions to your foreclosure problems, you have probably investigated (or at least come across) mass joinders.  The question for you is – What can Mass Torts do for you?

What is Mass Tort/a Mass Joinder?


Mass tort litigation is almost the same as a class action lawsuit.  Both allow plaintiffs (the people doing the suing) to come together as a group to join in against a shared defendant, which in these instances are major lenders such as Bank of America, Countrywide, Wells Fargo and other such banks.  However, what you may not be aware of is that a mass tort can be more effective than a class action lawsuit because in mass tort litigation there is an INDIVIDUAL award settlement instead of one giant class settlement.  To put it a different way, you are awarded proper compensation by the bank based on your particular circumstances instead of being one of many people in a mass settlement.  If you have ever gotten a $2.50 check from a cell phone company or a bank for a class action, you know that somewhere an attorney got rich from a lawsuit.  In this instance, you can get actual mortgage relief that will help you keep your home and avoid foreclosure.

What the Banks Did Wrong

  • You do not need a law degree from Harvard Law School to know that some illegal activity went on to cause the mortgage crisis. 
  • Most likely, your lender violated a number of laws throughout the home buying process.  The possible violations include:
  • Falsely inflating the housing market
  • Predatory Lending – this describes any unfair, deception-focused or fraudulent practice of a lender during the process of creating a loan.
  • Robo-signing – Many banks and loan servicers were rapidly signing documents for foreclosure without even reading them!
  • State and Federal Violations for
  • Truth in Lending Act – This is a statute which is designed to promote the informed use of consumer credit
  • RESPA – The Real Estate Settlement Procedures Act (or RESPA) was created to govern lenders, real estate agents, construction companies and title insurance companies
  • Patriot Act Violations
  • And who knows what else

How Can Mass Tort Help You?

  • Why do people want loan modifications? Why do the sometimes declare bankruptcy? They do it to keep their home and, if possible, pay a lower monthly mortgage payment.  Through mass tort litigation, here are some possibilities:
  • 30% off of the CURRENT market value of your house. That means you could get 30 percent off of what your house is worth right now, not what it was bought for.
  • A possible new loan with only a 2.5% interest rate for the life of the loan.
  • Forgiveness of any past due payments, penalties and fees.
  • Complete restoration of your credit if it was affected by your foreclosure.
  • Although unlikely, you could also be due a cash settlement for damages.
  • Think about those options. While the cash settlement is the least likely, any of those options will save you tens of thousands of dollars over the life of your home mortgage loan, and possibly more!

What You Can Do

The answer is simple – contact us today!  Our toll free number is 1-800-555-5555.  Call us now, let us take you through our analytics program and see if you can become part of this suit immediately.

Step 1 - Fill out the form below to schedule
  a free consultation to find out if you qualify.

*FULL NAME
 
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LENDER
I am interested in talking a FREE fraud analysis to see if I qualify to join in the class action lawsuit.
I would like to receive more information on how to avoid not being taken advantage of by my lender.

 
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