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Charging Fees to Bring Mortgage Litigation: Fair or Foul? -- Vote Now!

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  • Charging Fees to Bring Mortgage Litigation: Fair or Foul? -- Vote Now!

    Lawyers David Ramba and Philip Kramer file mass actions on behalf of homeowners challenging the terms of their mortgages. The lawyers have filed six suits on behalf of about 6,000 combined homeowners. But the suits are unique in that the plaintiffs must pay $5,000 up front to join the litigation, the Times reports.



    In class actions, lawyers typically charge clients nothing up front, but the lawyers are entitled to earn up to one-third (or more) of any recoveries.

    Some question the value of the mortgage-relief suits brought by Ramba and Kramer, according to the Times, noting that critics contend that already beleaguered homeowners could be further victimized by having to pay up-front fees without ultimately winning relief from the terms of their home loans.

    Readers, we’d love your opinion on this one. Are these types of up-front retainers common and acceptable in mass actions?

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