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Real Estate Law Center PC AKA Balanced Legal Group RELC PC, Mass joinder, scam, lawsuit dismissed, FRC, mass joinder scam, illegal, Chad Pratt, Deepak Parwatikar, sales, empty promises, vague descriptions, deceptive mailers, MARS violation Los Angeles California
As part of its continuing crackdown on mortgage relief scams, the FTC filed a complaint against Santa Ana, California-based Sameer Lakhany and five companies he controlled. Lakhany also did business using three websites, HouseHoldRelief.org, FreeFedLoanMod.org, and MyHomeSupport.org. The complaint charges that the defendants victimized hundreds of consumers with two related scams.
In one scam, the FTC claims the defendants masqueraded as a specialty law firm, Precision Law Center, and sent out direct mail resembling a class action settlement notice, holding out the false promise to consumers that if they sued their lenders along with other homeowners in so-called “mass joinder” lawsuits, they could obtain favorable mortgage concessions from their lenders or stop the foreclosure process. In fact, the defendants allegedly operated a sham law firm and only engaged attorneys briefly to file the lawsuits, after which either the defendants neglected the suits, or the suits were dismissed. According to the FTC, they charged $6,000 to $10,000 in advance, but failed to get the results they promised.
The FTC alleges that to convince consumers that they should hire Precision Law Center, telemarketers followed up by mailing material to them promising that the mass joinder suit would result in:
The material also allegedly claimed that 80 to 85 percent of these suits are successful, and that consumers might also: receive their homes free and clear; have their principal balance reduced to 70 percent of the current value and their interest rate reduced by half; be refunded any accrued interest, penalties, and charges; improve their standing with credit reporting agencies; and receive monetary damages.
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This is very similar to what the Real Estate Law Center does and promises. Be careful when dealing with them. Get everything in writing, including their promises. Make sure they are meeting EACH of the criteria below:
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1 Updates & Rebuttals
guyrichie
Pheonix,Arizona,
RELC is a scam
#2Consumer Comment
Wed, June 26, 2013
I don't understand what the above report was for, if RELC is engaged in all of the identical practices of Precision Law Center which was shut down, that means that THEY ARE A SCAM. there is no need for others to consider going with them or to ask questions about their services. I too received a similar mailer and it had scam written all over it, I feel sorry for the people who were so desperate to get taken in by these people. If it sounds like a duck, acts like a duck, it's a duck!