MASS JOINDER | Homeowners, don't be fooled by this foreclosure scam

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MASS JOINDER | Homeowners, don’t be fooled by this foreclosure scam

MASS JOINDER | Homeowners, don’t be fooled by this foreclosure scam

Before StopForeclosureFraud puts up posts it tries its best to research sources and is not quick to rush to post what may not seem right for its readers. SFF had several tips of such Mass Joinder request to post but refrained from doing so for the following reasons and please make sure you read both articles below to fully understand.

Martin who runs Mandelman Matters was first to post an alert warning homeowners about Mass Joinder lawsuits in which he states

Last week I posted a “Homeowner Warning” about a mailer I’d received from a homeowner promoting participation in a lawsuit, referred to as a “Mass Joinder” lawsuit, being filed against several major banks on behalf of homeowners by the law firm of Kramer & Kaslow.  Before I posted the “warning” I spoke with several attorneys I know that are well-versed in law firm marketing compliance, and I made two attempts to contact the Kramer & Kaslow attorneys at the number provided on the mailer, but received no response.

Everyone who follows Mandelman Matters knows Martin puts an enormous amount of effort into his investigative reports. 

Today Reuters is reporting the same, warning homeowners

The scam is particular elaborate since a federal ban went into effect earlier this year against requiring up-front payments to those offering mortgage relief. Rules being what they are, there is an exception to it — for lawyers. While the terms are a bit more specific than that, it opened the door to people supposedly working on behalf of lawyers to still preying on those whose homes are being foreclosed.

“Those who continue to prey on and victimize vulnerable homeowners have not given up,” the warning by Wayne S. Bell, chief counsel of the California Department of Real Estate, says. “They just change their tactics and modify their sales pitches to keep taking advantage of those who are desperate to save their homes. And some of the frauds seeking to rip off desperate homeowners are trying to use the lawyer exemption above to collect advance fees for mortgage assistance relief litigation.”

Long story short do your homework so you don’t fall victim to scams.

© 2010-17 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



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5 Responses to “MASS JOINDER | Homeowners, don’t be fooled by this foreclosure scam”

  1. So Cal 7 says:

    While I can appreciate you looking out for your readers, I think it might be a good idea to look at individual suits. The Kramer/Kaslow action as well as Ronald v. BOA and others are for real.

    In Particular the Ronald v. BOA has been going on for two years and has survived six motions to strike, dismiss and it’s got BOA by the short hairs…and could set a huge precedent.

    That is why the CA DRE is freaking out and issuing statements like this. Yes, there are scammers, but the Kramer/Kaslow and Mitchell Stein actions are real cases dealing with 1,000’s of plaintiffs.

    They are also CA SB 94 compliant, which is what was referred to. They make no guarantees and are doing it by the book…and winning.

  2. Groucho says:

    The headline on this post is completely and absolutely misleading and that does a disservice to your readers.

    As in every other opinion that I have read that is against the validity of a “mass joinder” lawsuit, you focus on the potentially illegal or unethical marketing going on and that has been pointed out by Mandelman before who then followed up and confirmed that the REAL Kramer and Kaslow law firm had issued cease and desist orders against several entities using their name.

    I cannot understand why all you alarmists continue to PRESUME the mass joinder concept is bogus because the marketing has been questionable. Frankly, as a homeowner and RE Broker who has been dealing with this crisis personally and on behalf of clients for over 3 years, I am long since convinced of the massive fraud committed by the Banksters and Wall Street Fraudsters. My attention is fully focused on what will work to bring these scum vermin to be forced to negotiate and do the right thing. It seems apparent to me that what needs to be accomplished is bring the underwater loans down to market value and the servicers to be stripped of their servicing rights. Secondly, these servicers would have to pay back the bondholders the difference between the new reduced loans and the amounts paid for those loans. That would be absolutely the best form of justice for the bondholders and borrowers. Beyond that, many executives of the servicers should be in prison but I doubt that has a snowballs chance in hell to happen. I guess Bernie Madoff has to pay the price for all of them even though he had nothing to do with the securitized mortgage industry.

    The B of A case by Mitchell Stein is for real and the case files are available for anyone to read. It appears to be going well as the previous post made clear. Kramer and Kaslow joined Stein after that case was filed and I have still nothing that PROVES they are fraudulent in any way but I have not joined their lawsuit yet.

    At this point I am not in active foreclosure so I am still keeping my options open and evaluating progress on a daily and weekly basis, but like every other underwater homeowner, I can appreciate warnings about scammers but more importantly is we all want to know the essential question, HOW DO WE BRING THESE FRAUDSTERS DOWN and HELP all groups destroyed by this crisis they brought on!

    If “mass joinder” is legal and valid then it has the power to bring the effencies and cost savings of a large group without the obvious shortcomings of “class action” where the lawyers get all the money.

  3. dinsfla says:

    First, Let me say thank goodness you’re not in foreclosure.

    Next… there is so many folks out there who are trying to do all they can to save their home and family from whatever comes their way. Not everyone understands how real estate works. Scams are always 2 steps ahead.

    Last. Imagine if us “alarmist” never exposed this foreclosure fraud? This is what we were called plenty of times until reality kicked in.

    We have yet to scratch the surface. When it all sets in that the banks were indeed paid by insurance etc. this is the rude awakening yet to unveil itself.

    Keep your eyes on Bloomberg v. Clearinghouse (Fed).

  4. For all of us “alarmists” who utilize the information on the internet to search for complaints, a search using “K2 LAW Complaints” or “United Law Group complaints” or “Brookstone law complaints” most certainly yield some “alarming” results.

    Probably the most “alarming” is found by searching “K2 Brookstone United law group” all in one search.

    I applaud anyone who dares to take on the Lenders and Servicers and I wish them all the best success. However, I am concerned that the “United Law Group”, “K2” and “Brookstone” approach to mass marketing and telemarketing might just work too good.

  5. Kary says:

    The fake lawsuit scammers are back at it but now they go by Residential Litigation Group in Florida. They are charging thousands of dollars upfront and promising results that noone can deliver. Save your money and notify the attorney general. If you already gave them your bank account information, file a complaint and get your money back NOW!!

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