Lawsuit Comparison

Filing a lawsuit with a local law firm in Reno, NV takes about three years and is expensive. The law firm will charge you $40,000 in fees on a $400,000 mortgage. You will also owe them 40% of the market value of the home upon settlement. If the home is worth $200,000, you owe them $80,000 on a 30 year promissory note.

We can help you join a National Class Action Lawsuit for $5,500 and have an attorney represent you in court and file the suit.

You have a $600,000 mortgage, but your house is only worth $300,000 today. If you get $600,000 at the Settlement Agreement for both lawsuits, you're going to owe the law firm half, $300,000. You're going to owe us 25%, which is $150,000. That leaves you with $150,000.

You will pay out $450,000 and put $150,000 in your pocket and have a free and clear home from both lawsuits.


A Lawsuit Settlement Example

This lawsuit is for removal of the liens and you get a free and clear property. The back end fee is 25% of the mortgage eliminated or 25% of the value of your home, whichever is less. You are hoping for a cash settlement out of the lender. If there's no cash settle­ment, you'll owe us 25%.

For example, you have a $600,000 mortgage and the home is worth $300,000. The $600,000 mortgage has been eliminated. We get paid 25% of the $300,000 value of the home. So you would owe us $75,000. You'd have a $75,000 mortgage on your $300,000 house versus "a $600,000 mort­gage on your $300,000 house the day you came into our offices and started the process.

http://www.banksgotcaught.com/