ED Magedson – Founder
Real Estate Law Firm695 S. Vermont Ave. Suite 1100 Los Angeles, California USA
Real Estate Law Firm PC, Chad Pratt, mass joinder litigation, mass joinder suit REAL ESTATE LAW CENTER PC CURRENTLY BEING PROSECUTED BY THE US DEPT OF JUSTICE Los Angeles California
I am a consumer who hired Real Estate Law Center and after reading some of the complaints, I feel the need to post this as an individual report for all to read;
Our loan documents were forged by a broker and Wells Fargo who later purchased the loan has refused to do anything so we hired Real Estate Law Center PC who promised to file a lawsuit on an individual basis in a quick and efficient manner. After paying $5000 down and $1500 a month, weeks then months passed as we were billed and given one excuse after the other as to why it wasn't filed.
Finally sent a draft of our complaint. There were so many mistakes, the document wasn't even worth filing. I immediately cancelled and after they refused to refund, we filed a report with the Calfifornia Bar Association. We lose our money and this caused us to pass our statute of limitations - now we must sell our home to get out of this predatory loan that we didn't even sign. They couldn't care less about the damages they caused us.
After I cancelled, RELC continued to try and bill my checking account. Luckily I had stopped payments on all incoming drafts. The California Bar Association investigated Chad Pratt and RELC and concluded that this case should be forwarded for prosecution. My case is currently being processed at the US Department of Justice along with 3 other cases. I'm told a trial date is to be set in January.
According to my opinion based on my personal experience with RELC and direct interaction with the US Department of Justice, REAL ESTATE LAW CENTER IS A SCAM - AND ARE CURRENTLY BEING PROSECUTED. IF YOU HAVE BEEN A VICTIM, CONTACT THE CALIFORNIA BAR ASSOCIATION AND FILE A COMPLAINT. THEY EVEN HAVE A FUND WHERE VICTIMS CAN RECOVER FINANCIAL LOSSES FROM THESE PREDATORS.
Please note: I searched the databases for hours and thus far found ONLY ONE case Chad Pratt won against a lender in a slam-dunk case as the bank accidently foreclosed on the wrong person. But this case has little in common with the mortgage complaints Pratt is pursuing against banks in these mass joinder cases he is filing on behalf of homeowners.
There are very few, if any, cases that have been won against big banks in this mortgage crisis except for the occasional class action suit. The big banks have too much power and it appears they've tied up all the decent law firms by hiring them thus creating conflict of interest monopolies on the best lawyers. It would take one hulluva lawyer to beat these big banks and I don't see RELC as being in that caliber.
RELC does file cases against the bankS HOWEVER anyone can file a case. It doesn't mean they will win. RELC HAS LOST ALL OF THEIR MASS JOINDER CASES THUS FAR according to what I saw on Justia dot com where all cases can be reviewed... But it's a very lucrative process to collect $5000 from hundreds, even thousands of homeowners and go through the motions of filing - even if you KNOW you won't win. Get it??
This report was posted on Ripoff Report on 12/21/2013 07:47 PM and is a permanent record located here: http://www.ripoffreport.com/r/Real-Estate-Law-Firm/Los-Angeles-California-90005/Real-Estate-Law-Firm-PC-Chad-Pratt-mass-joinder-litigation-mass-joinder-suit-REAL-ESTA-1108953. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.
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