Friday, October 23, 2009

Wrongful Foreclosure Class Action Lawsuits

Our firm is currently examining potential claims for certain unfair business practices involved when home lenders or servicing companies foreclose and sell a house while they were telling the homeowners they were going to work with them to save their homes.

Countrywide already settled with the California Attorney General for almost $30 million for some of its lending practices and wrongful foreclosures. Unless the homeowner takes the settlement money offered to them and signs the release of claims, they can still pursue their own independent lawsuit. Most homeowners do not have the funds to spend thousands of dollars and the next year of their time suing a lender.

Our firm is in the process of analyzing claims in a class action lawsuit against some of the major lenders for their wrongful business practices. If the cases are strong enough, we will be taking these cases on a contingency basis, which means at no initial cost to the homeowner. We only get paid based upon a percentage of whatever we either win at trial or obtain in a settlement.

Shortly, we will be announcing an online portal where homeowners can submit their story to see if they may be eligible to be included in the class action lawsuit.

Chris Barsness, Esq.

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