Los Angeles, Calif. (PRWEB) Could 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 property owners seeking for possibilities other than foreclosure require somebody in their corner.

Banks have been slow to procedure, and often ignore, loan modifications requests made by struggling homeowners. Nevertheless, True Estate Law Center, Pc has successfully ensured banks respond and method 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 residence owners who’ve been the victim of predatory bank loans.

True Estate Law Center is aggressive in its pursuit of holding lenders accountable for its consumers. It is at present moving against Countrywide Economic (which has because been purchased by Bank of America Corp.) in Los Angeles Superior Court on behalf of home owners who’ve retained its services. (Ramos v. Countrywide Financial, case quantity BC463386)

“We have been able to aid borrowers who believed foreclosure was imminent since 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 customers, maintaining them in their homes.”

Ally Monetary 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 component of its agreement.

The banks, which were involved in unqualified personnel authorizing foreclosures or “robo-filing,” are settling with states and people at a staggering rate, Pratt stated, since the banks had been careless and incorrect.

“These settlements to the folks banks have wronged and the states in which they’ve violated the law is a direct outcome 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 make certain the banks are held accountable.”

For far more details, or if you are a homeowner who feels you have been wronged by your lender, contact the Genuine Estate Law Center, Computer visit http://lenderlawlitigation.com e mail information(at)lenderlawlitigation(dot)com or get in touch with 866-946-5342. The firms also handles unlawful detainer defense, post foreclosures and all connected litigation.


About Genuine Estate Law Center, Pc:

True Estate Law Center Pc is a firm exclusively devoted to assisting home owners in their struggle against lenders. Our firm is situated in Pasadena, California. We have a assortment of options not only for property owners in distress but also for these who are upside down in “bad” loans due to lender liability.