WASHINGTON, D.C (PRWEB) May 01, 2013
The Residential Litigation Group, P.A., a leading litigation law firm, has filed 12 multi-plaintiff lawsuits against some of the largest banks and lenders in the United States. The case numbers are as follows: 1:13-cv-02351-JBW-LB, 1:13-cv-02347-FB-VMS, 1:13-cv-02350-ILG-SMG, 1:13-cv-02352-CBA-RLM, 2:13-cv-02334-SJF-AKT, 2:13-cv-02335-JS-AKT, 2:13-cv-02336-SJF-GRB, 2:13-cv-02338-DRH-WDW, 2:13-cv-02340-DRH-ARL, 2:13-cv-02341-SJF-AKT, 2:13-cv-02342-LDW-WDW and 2:13-cv-02343-DRH-GRB.
The lawsuits, filed in Federal Court, aim to help homeowners who are facing foreclosure, have been victimized by predatory lending or need help negotiating the terms of their loan. The suits claim that a number of financial institutions are liable for breach of contract, fraud, consumer protection violations and a variety of other illegal acts.
“Many people across the country have been victimized by the unfair practices of large banks and lenders, and we want them to know that there is someone fighting in their corner,” said attorneys of The Residential Litigation Group. “These lawsuits not only seek damages for these practices, but also provide a level of legitimacy to the work that we do. We are doing great things for struggling homeowners.”
As part of its efforts, The Residential Litigation Group is demanding new mortgage terms for its clients. The firm will seek on behalf of its clients positive equity, lower fixed interest rates, cash settlements for punitive damages, credit rating reinstatement and waivers on all delinquent payments, penalties and interest.
The Residential Litigation Group began filing lawsuits on April 12. Some of the alleged claims include breach of implied covenant, promissory estoppel and fraudulent concealment, as well as violations of state consumer protection laws, the federal Truth in Lending Act and the Real Estate Settlement Procedures Act.
The Residential Litigation Group has a team of experienced litigators working on the cases, and they continue to work on additional suits as more clients come forward with claims. To learn more about the firm and its work, visit our website.