Search San Diego County Foreclosures & Short Sales
Four law firms in Southern CA allegedly banded together to file “mass joinder” lawsuits, which effectively combined cases with separate but similar circumstances into one legal filing. Around 2,500 California homeowners were tricked into paying thousands of dollars to join a lawsuit against lenders that went nowhere.
False promises were made to the plaintiffs to entice them to sue the lenders. They told them that foreclosure proceedings would be stopped and their monthly payments reduced.
The attorney general is suing the law firms of Philip Kramer, Christopher Van Son, Paul W. Petersen and Mitchell Stein, which also has an office in Walnut Creek.
Since 2009, 20 attorneys in California have either been disbarred or given up their license after they got in trouble from loan-modification rescue scams.
CA law makes it illegal to ask for an upfront payment for loan-modification services. This law applies to real estate licensees and attorneys.
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