Real Estate Law Center Reviews
This Real Estate Law Center review concerns how the Center brings the fight for justice from the banks.
For decades, the banking industry has gone through a deregulation that has allowed them to stop being the kind of place that most of think of as a bank. Rather than being a place, like the Bailey Savings & Loan in “It’s a Wonderful Life,” that takes in deposits then loans that mone
y out to people to buy homes, the banks have become complex financial empires that really have no vested interest in whether a mortgage gets repaid or not. The Real Estate Law Center reviewed cases about, then took action against, Bank of America Corp., Citigroup Inc. and Well Fargo & Co. among many others. Not a single mortgage banker or executive has gone to jail. In fact, thousands of them received multi-million dollar bonuses while the American people were bailing them out.
The banks didn’t worry about foreclosures while home prices were growing. Either the homeowner or the bank would sell the house at a huge profit and quickly. Then when the home prices plummeted, the banks, that had made unsustainable and unpayable loans to people with little or no income, were left holding billions of dollars’ worth of housing that they couldn’t sell.
This is when the Real Estate Law Center reviews of cases began and they started to look for real justice for homeowners in California.
Most people have heard of a class action lawsuit. This is a case where the lawyers pay for everything from court fees to the cost of legal research to their own hours, all so that they can go after a company for cell phone bill fraud, bad drugs or asbestos. In a class action lawsuit, the attorneys make the vast majority of the money and the plaintiffs, the people who were actually wronged, get little or nothing.
When the Real Estate Law Center reviews a case they don’t look at it as part of a giant, single case. The cases that the Law Center brings are called “mass tort cases.” There are dozens or hundreds of individual cases, all against the same company.
Because every mortgage is a bit different, the rates, the terms and the people involved all change, so it isn’t possible to bring a class action suit. Also, because the clients at the Real Estate Law Center pay for the bills themselves, they are able to get the majority of the settlement, instead of that money lining the lawyer’s pockets.
While this requires the Real Estate Law Center clients to come up with some money on their own, they are much more likely to see some money on their case. They will get a larger reward.
The Real Estate Law Center reviews the evidence in their cases and the cases brought by other attorneys look to accomplish one very important thing: To hold these huge and powerful corporations to the same legal, moral and ethical standards that every American should expect our companies to hold to.
Banks have always a reputation for trustworthiness and very high ethical standards. These are literally the people that we trust our money to. Through the Real Estate Law Center reviews and cases, it has been revealed just how untrustworthy these companies are.
It is clear now that they are willing to take advantage of their customers whenever the opportunity exists. That is why every homeowner that had their home foreclosed in California needs to allow the Real Estate Law Center to review the circumstances of their loan and their foreclosure to make sure that the homeowner is given their day in court, their chance at real justice.
Another major thing has become clear from the Real Estate Law Center reviews of the robo-signing fiasco: The people assigned to watch over the banks either don’t, can’t or simply aren’t there. Most of the people that are assigned to watch over the banking industry came from the banking industry and will go right back into it.
That’s why the Real Estate Law Center reviews every case closely and will pursue these organizations every day: Someone needs to watch over these companies and protect the people of California and the United States.
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