Many lawyers have been making bank negotiating for homeowners to get modifications of their mortgages.
Lawyers are taking money and frequently accomplishing nothing in the way of mortgage relief for their clients.
Sounds like a good gig if you can get it.
Report: Law “was designed to be a noble profession,” Harris told reporters. Instead, she said, the accused attorney, Philip Kramer, and lawyers at two other firms took advantage of borrowers who were already “deeply disappointed, frustrated and hurt.”
According to officials, the defendants extracted retainer fees of up to $10,000 from each of 2,500 homeowners to participate in lawsuits that actually hurt their chance of staying in their homes. Because these homeowners gave their meager savings to Kramer and his associates, they were less able to make their mortgage payments and more likely to lose their home to foreclosure.
Source: The Bay Citizen (http://s.tt/134ax)