Here is a proposed solution for homeowners facing foreclosure in the non-judicial foreclosure states, such as California, Nevada, New Mexico, Massachusetts, New Hampshire, where the bank does not go into court to foreclose. My group lawsuit, to have aggrieved homeowners gang up on the errant banks (and provide an extra bang for the homeowner's buck), gives aggrieved homeowners access to the courts to fight foreclosure by reducing the costs of access (including the dollar costs and attorney time charges per homeowner); it creates a greater probability that some of the banks would rather give a modification agreement than remain in the huge lawsuit; it gives a vehicle for aggrieved homeowners to get massive publicity about their plight; and it may bring to the attention of state legislators that the state should adopt foreclosure statutes similar to New York State as a way of reducing the impact of the banks predatory activities and preventing the banks (in many cases) from obtaining the full amount of their usurious interest and fees. cepersvid-34 9:58
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I live in Maryland which is a non judicial state if anyone in Maryland wants to get with me to file actions in Maryland let me know good luck
A good idea, to try to get a group together for Maryland mortgages). no matter what state you are from, if you would like to be part of a group, post a response and identify your state. Let others similarly interested find you. please don’t forget that running local radio advertising seems to be (Carl Person) the best way to put a group together, as I explained in my Video#34. The cost per 60-second commercial should run between $10 and $20 (probably for other than prime time).
Carl E. Person
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