ROOT OF THE PROBLEM: Lenders found a way to significantly increase their profits by converting your loan to a Mortgage Backed Security, but did so in a way that was unstable, unsafe and ultimately destructive. Their actions are widely seen as the cause of the downturn in the economy, creating the need for a taxpayer bailout, and fueling a foreclosure crises that shows no signs of slowing down.
Our Litigation Strategy forces your lender to the negotiating table, and levels the playing field by taking control away from the Loan Servicer.All parties involved are able to tackle the serious problem of negative equity, and upon reaching a successful settlement you’ll see a reduction in your loan balance, reduction in your interest rate, and a lower mortgage payment.
The best venue for creating success is to file a multi-plaintiff lawsuit in Federal court against your lender for breach of contract. Our strategy is to negotiate a settlement that often results in a 50-70% principal reduction in your loan balance and a dramatic reduction in your mortgage payments and interest rate.
Did you understand securitization?
How do you qualify to participate in our Litigation Strategy? Two criteria are needed: 1) Your loan must be securitized by your lender, and 2) you must answer truthfully that you did not understand your loan would be securitized.If you meet these two criteria you are automatically qualified and eligible to participate.
Because you didn’t understand securitization and its impact on your relationship with the lending bank; and,
Because the lending bank knew full well they were going to securitize your loan and pass you off to a loan servicing company with little authority and a negative financial incentive:
There was no ‘Meeting Of The Minds!’ Without a meeting of the minds any contract, including your loan obligation, is void and unenforceable.
This long-cited legal doctrine has been applied successfully thousands of times—it is time to apply this time honored legal defense to mortgage securitization.
As with any legal proceeding there is never a guaranteed outcome. Attorney's do not participate in this type of plaintiff action without carefully considering the likely outcome. Legal representation is costly ard require a tremindous amount of time and resources from a litigating lawfirm. In these types of cases, an attorney would not represent a client without a realistic expectation of winning ... it would simply cost them to much money!
The Goals of the Principal Reduction Litigation Strategy: We will fight for a settlement tailored to what homeowner’s need:
Adjustment of the loan principal to reflect market value of property.
Reduced interest rate to reflect current market rates.
Get Lender/Bank to waive default fees
Get Lender/Bank to waive deficiency lawsuit after short sale.
Clean up derogatory credit reported by Lender/Bank via the settlement agreement
*Disclosure: Royo Legalese, LLC (“ROYO”) is not an attorney or law firm and does NOT offer legal advice or legal representations. Royo does not guarantee nor predict any outcome and/or result, The results shown, if any, are not indicative of a result that you may receive. By using this website you are agreeing to the Royo Terms of Use and Privacy Policy and the Royo Disclosure Statement.
