A New York Product Liability Lawyer recently reviewed California Superior Court Case # 30 and revealed that CPAC, a non-profit law clinic, is determined to help both the elderly and the young struggling families who have been affected by bank fraud and are facing homelessness.
“CPAC is trying to accomplish what our government hasn’t. The clinic is fighting a display of alleged bank fraud and lender abuse that was written about in the California Superior Court documents,” he said.
In a recent speech at the Academy Awards, award winner Charles Fergusen said, “Forgive me, I must start by pointing out that three years after our horrific financial crisis caused by massive fraud, not a single financial executive has gone to jail, and that’s wrong.”
The New York Injury Lawyer outlined law SB94 in California stating that it basically prohibits private sector professionals, including the honest and effective ones from attempting to help the American consumer. “SB 94 is an absolute prohibition of such prepaid work,” he said.
CPAC is currently representing more than 240 individuals in civil lawsuits against banks. This is the first time these types of lawsuits have been placed against lenders due to the high costs of defending themselves against the banks.
“What CPAC Non Profit Law Clinic has done is what we would expect our government to have already done; file a ‘Defective Product Liability Lawsuit’ against the mortgage industry on behalf of the American people” he explained.
Countless examples of families filing this suit were sited including the story a woman and her four-year-old son.
“This young woman was told by her bank that she was getting a loan modification. According to court documents she states that she did everything her lender requested, for almost a year. Then her lender told her that her loan modification was not approved and her house was instead going to auction.” A NYC Personal Lawyer and added that this story is all too typical for man Americans who face this same problem.
“The more people who come forward with their stories, the more these people can really make a difference,” he concluded.
Were you given false promises when you purchased your home? If you or a family member had to foreclose on your home because you were misled, Stephen Bilkis and Associates can help. Whether you have a contractual dispute, or have been the victim of a product liability accident, we are here to provide you with the answers you need and a free consultation.
We have offices to serve you throughout New York City, including locations in Manhattan, the Bronx, Queens, Staten Island and Brooklyn. We also have locations in Nassau County and Suffolk County on Long Island, as well as Westchester County.