Newport Beach, CA (PRWEB) January 3, 2011
The work of law enforcement specialists at times requires serving eviction notices to foreclosed property owners, but those who serve hardly ever think about they would be the ones being served and facing eviction.

That was the case not too long ago when Gerardo and Keryn Oseguera, two local married law enforcement experts who had full-time jobs serving the neighborhood for a lot more than 27 years, found themselves facing alleged wrongful foreclosure by one particular of Americas largest mortgage lenders.

Their foreclosure was delayed only by a brief moratorium on foreclosures and might be overturned by means of the function of Brookstone Law Computer. With offices in Newport Beach, CA and and Ft. Lauderdale, FL, Brookstone Law is involved in active investigations of the banking crisis which includes instances all through the nation exactly where customers are taking the banks to process for unlawful lending practices.

The moratorium was brought on by the nationwide controversy more than administration of loan documents that brings into question the ownership of thousands of mortgages and, according to court documents, featured a Bank of America witness testifying to consistent illegal administration of loan documents from the Bank to mortgage lender Countrywide. (John T. Kemp, Kemp v. Countrywide House Loans Inc., 08-02448, U.S. bankruptcy Court for the District of New Jersey). Ironically, the originator of the Osegueras loan, is now a subsidiary of Bank of America.

We did everything by the letter. We were not asking for principal reduction, just to be in a position to afford the payments. All we want is for our kids have a roof more than their heads and get some certainty in our lives, stated Gerardo Osegura.

Brookstone Laws analysis of the couples loan documents has revealed that the lender reported the couples combined revenue at twice the actual amount, permitting the Osegueras to get a loan for which they have been not qualified and could not afford. Brookstone identified that the lender also changed the total amount and term of the loan and, in performing so, left the couple unaware they were facing bigger debt than they could afford a total debt they did not discover until following the lender went out of organization and were served notice of foreclosure.

In 2009, when the couple realized adjustments in their loan would improve month-to-month payments beyond their ability to afford them, they contacted the lender to request a modification. But primarily based on the incorrect info in the documents, when they applied for a loan modification and in spite of good credit and safe complete-time jobs they have been turned down three occasions. Over the course of two years, they exhausted each and every available alternative to modify their loan without accomplishment.

Brookstones function has created us a lot more hopeful right now than we have been in years, Osegura mentioned.

As reported throughout national and international media, the issues banks and lenders have triggered by improper administration of loan documents has been a major factor in the nationwide foreclosure crisis.

The nationwide bank crisis is brought on by foreign money entering our economy, which not only violates the Patriot Act and raises the possibility that an overwhelming majority of the loans issued from 2004-2008 are not excellent, said Vito Torchia, Jr., managing attorney of Brookstone Law.

Because it is so challenging for mortgage holders to have achievement dealing with banks, lenders and mortgage adjustments, Brookstone Law has been at the forefront of guarding the rights of mortgage holders in the crisis.

More than ever prior to, shoppers need professional legal aid to defend their rights when they deal with corporate banks, mortgage lenders and institutions like Bank of America. The Osegueras story is sadly typical and reveals how some banks and lenders make the challenges that mortgage holders face as they try to keep away from foreclosure nearly insurmountable, stated Torchia. We are devoted to helping these who are facing wrongful foreclosure and fighting for the first responders, military and community servants who fight for us.

About Brookstone Law, Pc
Primarily based in Los Angeles, with offices in Newport Beach, CA, and Ft. Lauderdale, FL, Brookstone Law, Pc, is a law firm comprised of attorneys with expertise and achievement in company, corporate and individual finance, employment, entertainment & media, art & museum, intellectual home and real estate law. The firm has a network of far more than 40 affiliate attorneys nationwide and employs very educated specialists, paralegals, paraprofessionals and administrative staff dedicated to serving our clientele. For details, get in touch with (800) 946-8655 or go to http://www.brookstone-law.com.

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