COSTA MESA, Calif., April 8, 2011 /PRNewswire/ -- Kassas Law, a California firm providing client-focused interdisciplinary services, announces the launch of its Alternate Dispute Resolution (ADR) service to homeowners. As failed loan modifications continue in the United States, Kassas is representing homeowners with a strategy demanding settlement with a threat of lawsuit against banks that have been unwilling to resolve the homeowner's case. The result is a settlement from the Lender that happens in weeks compared to a lawsuit taking multiple years.
Promoting preventative legal action, Kassas Law believes a small investment can often prevent very costly litigation later. Legal action is often needed against the Lender, "encouraging" them to do what they should have done at the beginning of the homeowner's hardship or loan modification. However those who haven't yet attempted a loan modification will benefit from pre-litigation engaging the Lender on their behalf. Banks, especially those who received TARP money to help homeowners, have been behaving in an inappropriate manner serving their own interests and not the interest of the communities or homeowners they serve; the result has been an increasing number of lawsuits against the banks.
The Alternate Dispute Resolution process begins with in-depth review, evaluation, and discovery complimented with a Loan Disposition Analysis (LDA) of the homeowner to assess their position with the Lender. This includes Net Present Value to measure if the client is eligible for government programs through MHA or HAMP. Once a comprehensive analysis of the homeowner's situation is completed, Alternative Dispute Resolution engages the Lender on the client's behalf demanding settlement with the threat of litigation. Statistics have shown lenders have failed to do their duty with government bail-out money and there is currently no mechanism forcing them to help homeowners. The ADR forces their hand legally, showing the bank how serious the client is. This gets quicker results and saves everyone money without having to file a suit. If the bank still fails to reach settlement in 90 days, then the client has a stronger case proving the bank's lack of action in finding a resolution.
Millions of homeowners have tried modifying their loans, but many who had loans modified only received a short-term fix from their Lender that resulted in later default because of the bank's unwillingness to underwrite to government modification guidelines. To compound the problem, stories of bank management mishandling customer cases are being increasingly documented. Recent years are showing a banking industry trend favoring foreclosure, collecting as much money as possible from borrowers, then still foreclosing on the house to maximize return on asset. As a result of this disservice to American homeowners, Kassas Law's ADR process is showing results without the time and cost of a complete lawsuit. More information is available on the pre-litigation web pages of Kassas Law.
"Why sue when you can settle?" says Anthony Kassas, founder and lead attorney of Kassas Law. "We've focused our strategy to force action from the banks to settle on your behalf. The action we're taking gets the banks' attention, they recognize our name, know we're serious, and we're getting results. If your lender doesn't settle after we've made all possible overtures, then we'll sue."
About Kassas Law
Kassas Law is a highly regarded law firm providing client-focused, interdisciplinary services that result in high-value legal counsel for our clients. Anthony Kassas, Esq. founder and lead attorney at Kassas Law has been advocating for everyday Americans in areas that encompass the full range of consumer legal services, bankruptcy, real estate litigation, and default resolution. For more information visit our website: kassaslaw.com.
SOURCE Kassas Law