Borrowers/Lenders Should Beware of Mass Joinders

Sichelman, Lew
November 2011
Mortgage Servicing News;Nov2011, Vol. 15 Issue 11, p16
The article reports that borrowers or lenders are warned to keep away from unsolicited mailings for mass joinder lawsuit in the U.S. It considers mass joinder as a means of separating desperate borrowers from their money for upfront fee of at least 5,000 dollars. It allows the plaintiffs to share their legal fees. Meanwhile, homeowners are should be aware of getting claims that they can stop paying the lender.


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