Law firm takes the fight to the banks, citing banks' unsavory practices in the real estate lending market, and has provided relief to California homeowners in the form of principal reductions, interest reductions and monetary damages
LOS ANGELES, Nov. 6, 2012 /PRNewswire/ — Real Estate Law Center P.C. takes the side of homeowners in the fight to defend their homes from banks. Real Estate Law Center P.C.'s office includes seven seasoned attorneys and numerous experienced paralegals who are dedicated to assisting mortgage holders who've been defrauded by the banks.
Banks have shown they do not have the best interests of homeowners in mind, as demonstrated by the billions in fines Ally Financial Inc., Bank of America Corp., Citigroup Inc., J.P. Morgan Chase & Co. and Wells Fargo & Co. paid out in settlements to various states. Bank of America is also eliminating about $100,000 from the mortgages of California borrowers as part of its agreement with the state. Many financial institutions also settled with all 50 states for $26 billion. Most recently, New York U.S. Attorneys took Bank of America to task, filing a lawsuit seeking $1 billion.
The law firm uses mass tort lawsuits — which have been used by 46 states against the cigarette industry — in its fight against banks that are wrongfully persecuting homeowners. Through its actions, Real Estate Law Center P.C.'s clients in California have received principal rate reductions, interest rate reductions and monetary damages.
In their work with distressed homeowners, the law office has seen instances of banks overestimating home appraisals as well as changing interest rates in their favor.
"Lenders sometimes offer modifications that are just as predatory as the original loans we are trying to fix," Associate Attorney Susan Murphy said.
"We have our obstacles," she added. "We fight against case law that favors the lenders and a lack of accountability for the government bailout money given to the banks that were supposed to help all of us. But we also have our wins and luckily we have the lenders' greed which always gives us ammunition."
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 ; email Email or call 866-946-5342. The firm 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. Our firm is located in Pasadena, California. 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.
Contact:
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866-946-5342