United Law Group Senior Managing Lawyer Refutes Allegations of Misconduct in Jacobs Case

Irvine, CA (Vocus) February 24, 2010

United Law Group’s senior managing attorney Robert Buscho right now released a statement and documentation that counters the allegations produced about the firm. The documents contain the request for information submitted to United Law Group by means of the internet on January 18, 2009, a recording of the message left by a United Law Group representative following up on his request, a recording of the get in touch with exactly where Jacobs retained the firm and was advised that the firm would not inform him to cease producing his month-to-month mortgage payments, and a copy of the trial modification agreement dated March 2, 2009 in which the bank offered to lessen his payments by $ 664 by cutting his rate from 8.2% to five.75% and minimizing his principal by more than $ 50,000.

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Warren Jacobs reached out to United Law Group and requested a call from the firm by means of an on the internet form that he submitted requesting extra information about a forensic loan audit on January 18, 2009, stated Buscho. He was not contacted by a so-named robo-dialer.

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ULG staff documented speaking to Mr. Jacobs eight occasions in between February 1 and March 9, 2009. File notes also indicate correspondence with the lender throughout that time. On March 2, 2009, a mere six weeks right after becoming retained by Mr. Jacobs, ULGs efforts on his behalf resulted in a loan modification provide that lowered his interest price from 8.2% to five.75%, slashed his monthly principal and interest payment from $ 1,511.22 to $ 847.82 and reduce the quantity owed on the note from $ 207,855.35 to $ 156,250.00 a principal reduction of over $ 50,000.

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ULG employees communicated with Mr. Jacobs about the modification on March 9, 2009 and told him to begin producing payments on the new system. He chose not to take the provide and asked if the firm could do greater. He then lost his job a month later and informed the firm that he wanted to delay issues simply because he lost his job.

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United Law Group personnel either spoke to or left messages for Mr. Jacobs numerous occasions between April and May 2009 to talk about his economic predicament and the danger of foreclosure. He failed to return calls to the firm.

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“While Mr. Jacob’s plight may possibly sound like that of many American’s, the reality is that he was not making proper use of a technique that was developed to aid ‘honest’ property owners,” said Buscho.

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The article contends that Jacobs hired an additional lawyer to file bankruptcy on his behalf in June 2009 soon after United Law Group failed to take certain actions to delay foreclosure.

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“United Law Group did not supply to file bankruptcy on Mr. Jacobs’ behalf due to the fact he previously filed a Petition beneath Chapter 7 on April 15, 2003. With no complaint objecting to the discharge getting been timely filed, he received a discharge from the U. S. Bankruptcy, Northern District of Texas, on July 31, 2003,” said Buscho. “In the article, writer Paul Elias states that Mr. Jacobs claims to have filed one more bankruptcy petition in June of 2009. If this was completed, it would be an illegal filing as Mr. Jacobs is not entitled to far more than a single discharge below Chapter 7 inside seven years. He would therefore be an ineligible debtor below Bankruptcy Code

Andy Belew Joins Major Debt Resolution Firm Covendium as Managing Director of Client Resolutions

Orlando, FL (PRWEB) December 20, 2011

Covendium, the nations biggest debtor-side commercial debt restructuring and advocacy firm, welcomes Andy Belew as a Managing Director, responsible for all Debt Resolution strategy. Belew, a former companion at Hyde Park Capital Group, has specialized in distressed assets for more than two decades at firms such as OCWEN Economic and Carlton Advisors. He holds a degree in Organization Administration from the University of Arizona.

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We are pleased to announce the hiring of Andy, stated Gregg Grauer, CEO of Covendium. His expertise in distressed assets and debt negotiations is effectively identified in our market. When there is an chance to employ the best, you dont have to believe twice. We know we have the best in Andy.

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Covendium specializes in comprehensive industrial debt restructuring and resolution advisory services for entrepreneurs whose financial model has been compromised by unsustainable debt service payments. Covendium helps entrepreneurs restructure their business, steer clear of bankruptcy and refocus their focus from their debt to income growth. A complete-service firm, Covendium also gives targeted enterprise consulting and access to private capital for its consumers. Covendiums proprietary method combines detailed financial analysis and in-depth industry information with seasoned specialists that have currently negotiated effective resolutions for more than $ five billion in client obligations.

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This is a phenomenal chance to assist develop the leader in the commercial loan modification market, says Belew. The tools, network and organization that Covendium has constructed are second to none. Covendium is the only full-service debt resolution firm, with the ability to not only aid a client restructure their debt obligations, but correct-size their organization and have access to private capital when the banks are unwilling to give considerably-required capital.

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For more data about Andy Belew, or for info about any of Covendiums merchandise or services, call them at (407) 965-3535, or view them on the net at http://www.covendium.com.

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About Covendium&#13

Covendium specializes in comprehensive industrial debt resolution, restructuring and enterprise consulting for customers whose monetary model has been compromised by the economic downturn and the bank liquidity crisis.

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For some consumers, all they need to have is an knowledgeable negotiator to offer their lender with the reality of the economic scenario and the tool-set to restructure their obligations. For other clients, Covendium provides business consulting and access to non-bank funding sources.

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Their group of professional advisors has successfully restructured billions in transactions, with dozens of banking institutions (which includes major national, regional and neighborhood banks) and over 30 separate non-bank financial counterparties.

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Undesirable factors come about to very good individuals. Covendium is a premier national debt resolution firm that aids their clients with every little thing from commercial foreclosure to debt management to commercial debt restructuring to private debt placement.

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Tom Cronin Joins The Collingwood Group as Managing Director

Washington, D.C. (PRWEB) September 08, 2011

The Collingwood Group announced today that Tom Cronin has joined the firm as a Managing Director. In his new role, Cronin will lead The Collingwood Groups secondary market initiatives. Cronin will support The Collingwood Groups ongoing efforts helping clients navigate the business opportunities that exist in Washington and the housing finance industry.

Cronin has more than 35 years of mortgage industry experience. Most recently, he served as Senior Managing Director of Clayton Holdings, Inc., responsible for the areas of industry, corporate and government relations.