Suing Mortgage Servicers.mov

I knew when the credit markets froze back in the summer of 2007 where we were headed economically speaking. Perhaps I wasn't as early as some, but I was a lot earlier than others as far as seeing the future was concerned. But, I could never have imagined how servicers would be permitted to treat American homeowners struggling financially as a result of the most severe and longest recession in more than 70 years.

Homeowners in distress are routinely lied to by servicers, and often homes are lost as a result of those lies... and what's even more shocking than that is how so few Americans care about the plight of their neighbors. I would never have believed how callous so many of us are... how quick to judge when someone doesn't have the money they need.

So, for the last three years as the foreclosure crisis has quietly sucked the life out of maybe 10 million Americans, there's been nowhere for these defrauded souls to turn for justice. They've been told that HAMP's rules are merely guidelines, and that loan modifications are voluntary... that if you can't make you're mortgage payment, you have very few other rights that anyone cares about.

Well, the two lawyers I interviewed on this video have spent the last six months plus, doing the research and preparing the complaint that they will use to sue mortgage servicers on behalf of California homeowners. Mark Zanides and Kenneth Gertz are formidable opponents, even if you're Bank of America or JPMorgan Chase. They're not the types used to losing, and they're not the kind to be pushed around either.

No way around it, this is going to be interesting.

If you're a homeowner who applied for a loan modification and you went through a process that felt like ti should be illegal... well, it probably was and I recommend that you call Mark of Ken and talk to them about what they're doing.

Maybe there's going to be some justice in the world after all.




I've gotten to know both of these lawyers pretty well over the last couple of years and I can honestly say that I cannot think of two other attorneys that I would want asserting my interests in a courtroom more than Mark Zanides and Ken Gertz... I think you'll see why I feel that way when you watch the video.

But you may be assured that I have NO FINANCIAL INTEREST in what they do, or what you do with them... this is not an advertisement. When they told me that they would be filing lawsuits against servicers on behalf of California homeowners, I immediately said that I'd write about it so people would know that they were among their options, and then since I was interviewing them for the documentary I'm producing, I decided to ask them a few questions on camera about their servicer lawsuit and I used their answers to make this video.

So, understand... even though I do consider Mark and Ken friends, our relationship alone would not be enough to get me to write about their lawsuit, let alone make a video about it. I wanted to do it because, well... it's important... and how could I not cover such an important development in the war against the banksters? And because all too often, the lawyers who are the easiest to find, are not the lawyers you want handling your case.

So, if you feel that you've been defrauded or otherwise unfairly treated by your servicer when you applied for a loan modification... and I have spoken with several thousand that were, and heard from tens of thousands more... I would suggest you call either Mark or Ken and talk to them about your specific situation.

They're both very easy to communicate with, they're on your side... the side of homeowners... and they're certainly not "salespeople," so you don't have to worry about that sort of thing.

Okay, so that's all I have to say about that. I hope I've been helpful.

Mandelman out.

Category:

Nonprofits & Activism

Tags:

• Mortgage loan
• Mortgage law
• Foreclosure
• loan modification
• servicers
• mandelman matters