Irvine, CA (Vocus) Might 12, 2009
United Law Group, the leading provider of legal foreclosure prevention and foreclosure litigation services issued a statement right now against SB 94 stating that the bill threatens the very rights it claims to shield. Authored by Senator Ron Calderon to prevent unethical loan modification organizations from charging an upfront charge for solutions, the bill includes language that would avoid citizens from acquiring legal representation for foreclosure prevention and during foreclosure litigation proceedings.

“The individuals behind the bill claim that it protects Americans who are working hard to accomplish the American dream,” said Sean Rutledge, Managing Director for United Law Group. “Regrettably, although SB 94 comes out strongly against unscrupulous businesses, it also attacks the really folks whose job it is to represent our citizens. Unless it is stopped, this bill will force ordinary citizens to represent themselves throughout the complicated foreclosure process. The outcome: more foreclosures and more homeless Americans.”

“Supporters of the bill claim that Obama’s administration put plans in location to assist and that modification scam artists are diverting customer consideration from reputable sources of assistance,” mentioned Richard Stinstrom, Senior Litigation Attorney for United Law Group. “The reality is that the government applications have accomplished tiny to offer genuine options to sincere citizens.”

In an write-up on ML-Implode.com, feature columnist Martin Andelman reported that roughly seven months into the Homeowner’s HOPE Hotline HUD just 1 mortgage had been modified.

Legal foreclosure prevention services, on the other hand, offer a genuine service to the customer according to the group. These services also pose a important threat to banks. United Law Group helped more than 500 families considering that January of this year. For Gail Talbert of Los Angeles, CA this meant a principal reduction of $ 207,186 and a modification of mortgage terms from an ARM at 9.00% to a 30-year fixed loan at five.875%.

“Enabling home owners to retain authorities to negotiate loan modifications is not in the very best interest of the banks,” said Stinstrom. “These institutions favor dealing straight with buyers who lack the expertise of the law and abilities to negotiate with trained pros because it offers them the upper hand in the negotiations. SB 94 sets people up to suffer at the hand of predatory banking practices.”

United Law Group requires an aggressive stance against predatory lending and loan modification practices and is an outspoken advocate on behalf of truthful citizens who have been hurt by the housing and mortgage crisis.

About United Law Group:
United Law Group is a national law firm with offices in California, New York, Florida, Ohio, Nevada & Arizona. It is the biggest foreclosure prevention and litigation firm in the country with attorneys licensed in each and every state. Dedicated to assisting property owners facing hardships to keep their houses, United Law Group makes use of legal channels to compel banks to modify adjustable-price to fixed-rate mortgages, reduce principal and interest, and produce other fair options amongst the lender and borrower.

For further info on United Law Group, pay a visit to http://www.unitedlawgroup.com or contact Corvi Urling, Executive Consultant for United Law Group, at (800) 680-5717.

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