May 01, 2012
As more details of the mortgage meltdown are brought to light — such as the robo-signing scandal and mortgage lenders fined by the government — homeowners looking for options other than foreclosure need someone in their corner.
Banks have been slow to process, and often ignore, loan modifications requests made by struggling homeowners. However, Real Estate Law Center, PC has successfully ensured banks respond and process restructured mortgage settlement requests, and adhere to federal laws and regulations. The law firm, headed by Chad Pratt, is at the forefront of advocating for home owners who've been the victim of predatory bank loans.
Real Estate Law Center is aggressive in its pursuit of holding lenders accountable for its clients. It is currently moving against Countrywide Financial (which has since been purchased by Bank of America Corp.) in Los Angeles Superior Court on behalf of homeowners who've retained its services. (Ramos v. Countrywide Financial, case number BC463386)
"We have been able to help borrowers who believed foreclosure was imminent because of the improper actions of the banks," Pratt said. "We've been able to end the nightmare of exploitive mortgage tactics of the banks for our clients, keeping them in their homes."
Ally Financial Inc., Bank of America Corp., Citigroup Inc., J.P. Morgan Chase & Co. and Wells Fargo & Co. paid out billions to New York, Massachusetts, Florida, California and Delaware, while other states are pursuing their own settlements. Bank of America is also eliminating about $100,000 from the mortgages of California borrowers as part of its agreement.
The banks, which were involved in unqualified personnel authorizing foreclosures or "robo-filing," are settling with states and individuals at a staggering rate, Pratt said, because the banks were careless and wrong.
"These settlements to the people banks have wronged and the states in which they've violated the law is a direct result of the lender negligence and misrepresentation that was indicative of the robo-filing scandal," Pratt added. "We will continue to fight for what's fair for homeowners and ensure the banks are held accountable."
For more information, or if you're a homeowner who feels you've been wronged by your lender, contact the Real Estate Law Center, PC visit http://lenderlawlitigation.com; email info(at)lenderlawlitigation(dot)com or call 866-946-5342. The firms also handles unlawful detainer defense, post foreclosures and all related litigation.
About Real Estate Law Center, PC:
Real Estate Law Center PC is a firm exclusively dedicated to assisting homeowners in their struggle against lenders...We have a variety of solutions not only for homeowners in distress but also for those who are upside down in "bad" loans due to lender liability.
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