Legal Question in Real Estate Law in California

I have a question about a lawsuit against Countrywide now Bank of America. See link http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2011/02/15/prweb8137755.DTL.

I have been told by them(Brookstone Law) that I could join this lawsuit because of the circumstance involved in us getting our loan (Stated loan, Interest only, ETC). I met with Brookstone Law last night and they made it look like I need to join and there is also a $6000.00 retaining fee. I�m I a little worried of a lot of people out there scamming others. Are you familiar with this Lawsuit and is it real? Is there another way of going about this without joining this lawsuit. Maybe doing it separately? The last question I have is that when he tried to look up my Min # on the MERS website he said it wasn�t there. What exactly does that mean? ? I am currently waiting for a Modification which I should have this week but I�m pretty sure we will not except it and we are behind on our loan. Does our # not on Mers delay any foreclosure process?


Asked on 3/08/11, 12:24 pm

3 Answers from Attorneys

There is a complaint on file. I read it. I personally would be embarassed to have filed it. There is no reason you must join that lawsuit if you have a legitimate case. If they tried to tell you that you had to join, you should report them to the state bar. It is not clear whether they intend to try to make the case a class action, but if they do, there is also no excuse for them asking for a retainer.

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Answered on 3/08/11, 1:05 pm

It appears this is the old United Law Group all over again: http://www.complaintsboard.com/complaints/brookstone-law-c425210.html

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Answered on 3/08/11, 1:07 pm

Oh, and there is no such thing as a "Mass Joinder" lawsuit.

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Answered on 3/08/11, 1:13 pm


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