PRLog - Jun. 12, 2013 - LOS ANGELES -- Most of the legal action Real Estate Law Center brings against banks are mass tort lawsuits. Bringing together homeowners who had their mortgages written by the same lender as a group, Real Estate Law Center allows its’ clients to fight against the same banks together. While it seems like a class action lawsuit, most of the settlement in a mass tort lawsuit goes to the homeowners/plaintiffs.
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However, if you feel your case demands the undivided attention of Real Estate Law Center, individual lawsuits are also an option. Potential clients seeking a remedy using individual lawsuits should know that this is a much more expensive route to take. There is also no guarantee that an individual lawsuit will conclude any better than a mass tort lawsuit. But, for those who demand that their case is handled on its own, or feel that their circumstances demand individual action, Real Estate Law Center is prepared to help.
Real Estate Law Center specializes in ensuring banks take homeowners seriously by holding the banks accountable for their predatory lending practices. Federal lawsuits are now bringing to light the abuses banks have committed against homeowners.
Potential homeowners who qualified for traditional mortgages were made to sign sub-prime mortgages with terms that endangered their homes, only to increase the bankers' bottom line. When forced by the federal government to review and reconsider mortgages with horrific terms or imminent foreclosure, the banks stacked loan modification departments with their own contractors and filled out their forms. For every attempt the federal government has made to force the banks to rectify the mortgages they wrote, the banks have turned around and co-opted the process to ensure concerns of homeowners would not be heard.
But, Real Estate Law Center was founded to ensure the banks would be held accountable for their actions. The firm, with its founder Chad Pratt, pursues the predatory lending practices of the banks to ensure their actions do not go unpunished. Together, they make sure that the homeowners they have wronged are given their due process; and, if necessary, have their day in court — especially if they have filed an individual lawsuit.
Though Real Estate Law Center cannot guarantee the outcomes of the cases they take part in, the firm has gotten its’ clients reductions in interest payments, principal reductions, and even stopped foreclosures.
If you feel that you have been the victim of the malicious and predatory lending practices of the banks and you are in danger of losing your credit rating, or even your home and you feel that your case demands an individual lawsuit, contact our firm immediately.
The banks have demonstrated that they are only interested in serving their own interests when it comes to reconciling with homeowners. Make sure you have someone on your side with a record of results.