ED Magedson – Founder
Real Estate Law Center PC695 South Vermont Ave, 1100 Los Angeles, California USA
Real Estate Law Center PC AKA Balanced Legal Group RELC PC, Mass joinder, scam, lawsuit dismissed, FRC, mass joinder scam, illegal, Chad Pratt, Deepak Parwatikar, sales, empty promises, vague descriptions, deceptive mailers, MARS violation Los Angeles California
As part of its continuing crackdown on mortgage relief scams, the FTC filed a complaint against Santa Ana, California-based Sameer Lakhany and five companies he controlled. Lakhany also did business using three websites, HouseHoldRelief.org, FreeFedLoanMod.org, and MyHomeSupport.org. The complaint charges that the defendants victimized hundreds of consumers with two related scams.
In one scam, the FTC claims the defendants masqueraded as a specialty law firm, Precision Law Center, and sent out direct mail resembling a class action settlement notice, holding out the false promise to consumers that if they sued their lenders along with other homeowners in so-called “mass joinder” lawsuits, they could obtain favorable mortgage concessions from their lenders or stop the foreclosure process. In fact, the defendants allegedly operated a sham law firm and only engaged attorneys briefly to file the lawsuits, after which either the defendants neglected the suits, or the suits were dismissed. According to the FTC, they charged $6,000 to $10,000 in advance, but failed to get the results they promised.
The FTC alleges that to convince consumers that they should hire Precision Law Center, telemarketers followed up by mailing material to them promising that the mass joinder suit would result in:
The material also allegedly claimed that 80 to 85 percent of these suits are successful, and that consumers might also: receive their homes free and clear; have their principal balance reduced to 70 percent of the current value and their interest rate reduced by half; be refunded any accrued interest, penalties, and charges; improve their standing with credit reporting agencies; and receive monetary damages.
This is very similar to what the Real Estate Law Center does and promises. Be careful when dealing with them. Get everything in writing, including their promises. Make sure they are meeting EACH of the criteria below:
This report was posted on Ripoff Report on 06/25/2013 06:34 PM and is a permanent record located here: http://www.ripoffreport.com/reports/real-estate-law-center-pc/los-angeles-california-90005/real-estate-law-center-pc-aka-balanced-legal-group-relc-pc-mass-joinder-scam-lawsuit-di-1062103. 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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