Consumer Alert! Don't Join the mass Joinder Lawsuit

06 April 2011 / Government / 0 Comment

Don't Join the mass joinder lawsuit
Consumers in the Denver area are receiving official-looking forms that declare
"You may be a plaintiff in a national mass joinder suit." The mailing implies that
fraud may have occurred when you financed your home, and that the author of
the mailing can assist you in seeking restitution. The form explains that you
might be eligible to "become a joined named plaintiff in a national lawsuit that
will seek, among other things, to void your note(s), to give you your home free
and clear, and/or to award you relief and monetary damages." In each case,
the notice contains the name of the company that currently holds the mortgage
- on the recipient's home. While this may tend to provide credibility to the notice,
that information is easily obtained from public records.

In order to determine if violations were committed by the consumer's mortgage
company, a $995.00 fee is required to generate a "violations report". The
potential victim is assured that if no violations are found, their deposit will be
refunded in full.

The District Attorney's Office believes these mailings are a scam, and
recommends that anyone receiving this mailing not respond. The perpetrators
are alleged to have copied another business' website, and are using the phony
website to collect fraudulent fees. This is just another example of the need to
investigate any offer or solicitation, no matter how legitimate it may appear. In
today's world, you cannot depend on appearance alone to determine if
something is legitimate.

Need help? Have Questions? Call the Consumer Protection Line: 720-874-8547

A sample form below: