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The WhistleBlower

Joined: 14 Mar 2007
Posts: 2564
Location: Groovy Town

DRE Issues Fraud Alert on Mass Litigation Scams
PostPosted: Thu Mar 17, 2011 9:19 pm Reply with quoteBack to top

The California Department of Real Estate has issued a FRAUD WARNING in connection with upfront fees charged on Mass Joinder Litigation firms. I suggest that anyone considering signing up with any of the firms marketing the mass litigation suits to read this over carefully:


Wayne Bell, Chief Counsel for the California DRE sums it up nicely with these words:

Mortgage rescue frauds are extremely good at selling false hope to consumers in trouble with regard to home loans. The scammers continue to adapt and to modify their schemes as soon as their last ones became ineffective. Promises of successes through mass joinder or class litigation are now being marketed.

Please be careful, do your own diligence to protect yourself, and be highly suspect if anyone asks you for money up front before doing any service on your behalf. Most importantly, DON’T LET FRAUDS TAKE YOUR HARD EARNED MONEY.

Here are some other great links from Steve Rhode:




Public Beware:

Kramer & Kaslow

K2 Law

Mass Litigation Alliance

Mitchell J. Stein / MJS & Associates (Stein has not posted who IS authorized as intake and there is a warning on his site - he also deleted discussion on this issue from Facebook).

Brookstone Law in regard to Stein's Ronald vs. B of A case until Stein publicly announces on his website or self-initiated press release that Brookstone is authorized).

Hartford Dunn (Until Hartford Dunn posts information that they are either a bona law firm or Bar approved referral service as well as direct written authorization from Stein and other attorneys that Hartford Dunn is authorized).

Any non attorney that soliciting homeowners for any suit.

Any mailer, letter, phone or email solicitation in connection with the mass joinder suits (note: beware of the mailers that look like settlement notifications).

Mortgage professionals that are solicited for referrals or to become "ambassadors", "intake specialists", or whatever new title the firms come up with should discuss the proposed business arrangement with their state licensing authority and State Bar.

"Two things are infinite: the universe and human stupidity; and I'm not sure about the the universe." -Albert Einstein

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