- by Ayden
Lawsuit Loan With Lexisnexis Settlement
Are you looking for a Lexisnexis lawsuit loan? If you are, keep reading because you’re about to learn the secrets that big lawyers use when negotiating mega Deals. We’re talking about structured settlements and annuities, the biggest secret in the world of real estate. Most homeowners don’t even know about these golden nuggets of cash sitting right out there in front of them, just waiting to be used. Well, before you click on that “Back” button, hold on a second and read on….
In 1998, Lexisnexis sued Bank of America for discriminating against minorities in their loan modifications.
The company ultimately settled the Federal complaint by agreeing to write mortgage modifications for up to 99% of applicants. Of course, this doesn’t mean that you can break into a bank and ask for a modified loan, it simply means that you can ask for one from the bank. This is where the “omiks” come into play.
“omiks” means individuals or groups…but in this case, the “groups” are money! In fact, the lawsuit fund that Lexisnexis created was specifically set up to assist minority homeowners in their home loan modifications. So how does “omiks” work? You guessed it… you apply for the lawsuit funding and then use the lawsuit proceeds to pay for your lawyer and legal fees and anything else that you feel needs to be done in order to win your case.
Here’s how it works. When you are experiencing financial difficulties and are having a hard time making your mortgage payments, you can contact Lexisnexis and ask for a loan Modification.
When the bank receives your request for a loan modification, they will call you back, asking you why you didn’t ask for a loan workout. After the call is returned, if you want to proceed, you simply agree to do so. Once you accept the terms, you receive a court summons, typically addressed to you by the receiver of your lawsuit, and you then submit a letter of authorization to the bank to initiate a modification of your loan. The bank will send you a check for the amount of your debt and the balance of your new modified loan plus interest (if any), plus attorney fees (which are usually tax deductible) and other expenses (which depends on your jurisdiction).
It is at this point that you decide to pursue your case through Lexisnexis lawsuit funding.
If you win your lawsuit, the bank must repay you for all of your debt plus interest and costs. If not, you don’t lose anything. The reason Lexisnexis provides lawsuit financing is because they actually end up with less money than they would without the lawsuit loan, so they pass some of it on to you, the victim, while the winning party gets the money they deserve. This is how it works.
So, once you’ve been assigned a case, what’s next?
As a matter of fact, there is a lot more to it than meets the eye. In fact, many of the steps you’d normally take on your own as a plaintiff in court are not necessary to complete the case as quickly as possible, and sometimes it’s better to let the bank handle things until you’re able to collect your funds, at which point they’ll be willing to do everything necessary to get you the money you need. That said, it’s very important to keep in mind that your lawsuit is not yet an important issue or claim. Only the bank is going to be willing to expend the resources necessary for a thorough loan workout when you show promise as a potentially successful claim or case.
Once you’ve agreed to a loan workout, it can happen, and it can happen quickly.
If the bank determines you are a good risk and that your case has a reasonable chance of winning, they’ll work hard to get you the loan you need in order to complete the case resolution quickly. While you’ll still have to provide proof of income, your attorney will get paid, so there will be additional savings.
As with all aspects of personal finance, it’s important to choose an attorney that will be a good fit for you and your unique circumstances. There’s no shame in searching for an experienced attorney with noteworthy credentials and a stellar reputation. However, just like any other investment decision, you should shop around carefully before agreeing to a settlement with a given attorney. You may also want to consult local lawyers to ask about their experience in dealing with Lexisnexis and similar lending institutions. There are also several online legal resources available to help you find the best attorney for your case resolution.
Lawsuit Loan With Lexisnexis Settlement Are you looking for a Lexisnexis lawsuit loan? If you are, keep reading because you’re about to learn the secrets that big lawyers use when negotiating mega Deals. We’re talking about structured settlements and annuities, the biggest secret in the world of real estate. Most homeowners don’t even know about…
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