Tag Archives: United

United Law Group to Appeal Ruling in Case Against Bank of America and Subsidiary Countrywide House Loans

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Irvine, CA (Vocus) February eight, 2010

United Law Group will appeal the dismissal of their suit against Bank of America and its subsidiary Countrywide Property Loans in the 19th Circuit Court of Appeals. Previously denied their motion to dismiss the lawsuit in the Santa Ana Federal Court, Bank of America attorney argued that the bank had the proper to slander United Law Group simply because of Californias anti-SLAPP (Strategic Lawsuit Against Public Participation) law. U.S. District Judge Andrew J. Guilford agreed to dismiss the case primarily based on the laws broad-sweeping language, which delivers protection to massive corporations.

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The anti-SLAPP statute cited by the judge in this case has been amended 5 occasions and has more than 330 distinct legal opinions. The ruling fundamentally says that its okay for corporations to slander in the name of enterprise, mentioned United Law Group Managing Director Robert Buscho. If a man on the street stated the items that the Bank of America representatives said they would be liable. Anti-SLAPP law provides protections to massive corporations that the average individual does not have. The language employed to frighten and confuse home owners hurt those property owners and United Law Groups reputation. It appears that the banks do not want buyers to have legal representation throughout this method and will do what ever they can to ensure that happens.

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The ruling came just one particular week just before New York’s lawyer general charged Bank of America Corp., its former Chief Executive Kenneth Lewis and former Chief Economic Officer Joe Value with fraud for allegedly misleading shareholders about the bank’s acquisition of Merrill Lynch &amp Co.

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When men and women call their bank, they trust that they are becoming told the truth, said Buscho. Distressed home owners are in a tenuous position. Granting banks the appropriate to say whatever they want without having recourse opens up a Pandoras box, specifically when it is clear from the recent fraud charges that there are challenges with ethics and honesty internally.

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The original case was filed in the Superior Court of the State of California County of Orange Central Justice Center against Bank of America and its subsidiary Countrywide Property Loans, Inc. for tortuous interference with contract, defamation (slander) and unfair organization practices (pursuant to B&ampP Code

United Law Group Sends Notice of Intent to Sue on Behalf of Disabled Man and His Wife Couple to Save over $600 on Their Monthly Payment

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IRVINE, California (Vocus) February 16, 2010

United Law Group continues to service existing clients by litigating on their behalf. Nowadays the firm announced that Mr. and Mrs. Matt Williams of Citrus Heights, CA were presented a trial loan modification.

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“The trial supply from the bank came right after we notified the lender of our intent to file suit in the Placer County Superior Court, said United Law Group Managing Director Robert Buscho.

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This modification, which came nine months soon after the initial request for legal help, cut $ 600 off their month-to-month mortgage payment. Now the household can remain in their residence and continue to offer you emergency foster care to young children ranging in age from birth to 15 years old.

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Although the Williams property appraised for more than $ 455,000 at the time of purchase, the familys 2,000 square foot residence is now valued at around $ 320,000.

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I went by way of the loan modification approach on my personal through Washington Mutual, mentioned Matt Williams. The procedure was challenging and the outcomes had a minimal impact on my payment. Getting legal representation from United Law Group produced a considerable distinction. Im seeking at a remarkably greater outcome thanks to United Law Group’s litigation efforts.

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Unable to work outdoors the home, Mr. Williams is on disability for a legally broken neck and herniated disks in his cervical spine. His wife, a dental hygienist, was laid off in January 2009. This placed a tremendous financial burden on their family.

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We had been afraid of what this could imply to our family members, said Mr. Williams. We have two young young children of our own and do our part to help children in our community by taking in foster young children when the need to have arises. We didnt want to shed our property.

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Struggling to meet their monetary obligations, the couple asked United Law Group for legal assist with their lender JP Morgan Chase in April of 2009. The firm worked diligently, pursuing all legal channels. In July of 2009 Mrs. Williams got a job as the manager of a dental workplace, which helped their financial predicament.

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Ten months later, following the threat of a lawsuit, the bank extended the offer you of a trial modification to the loved ones, mentioned Buscho. We are cautiously optimistic with Chases provide of a trial modification. But our efforts will not end till this homeowner and other folks like them secure permanent relief.”

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United Law Group was one particular of the very first law firms to advocate on behalf of households victimized by banks for the duration of this economic crisis.

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“We’ve observed the discomfort that these people are in and are committed to assisting individuals to locate actual, permanent options to their financial troubles,” stated Buscho. “We stand by our clientele, each old and new, no matter whether that implies litigating on behalf of individuals or filing class action lawsuits against lenders and servicers who violate the laws place in location to safeguard the citizens of this country.”

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United Law Group supports President Barack Obama’s efforts to encourage banks to do the correct factor. Recently President Obama and the government took the banks to job for their lack of functionality. An write-up titled, Obama Sends SWAT Teams Into Mortgage Servicing Offices that ran on December 1, 2009, stated that, The White Home threatened to punish mortgage lenders with fines if they dont speed up providing troubled homeowners a permanent break on their monthly payments.

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The write-up continued stating that nearly 375,000 borrowers had received a trial modification and had been eligible for a permanent loan modification as of the end of December 2009. Even so only 1,711 permanent mortgage modifications had been supplied nationwide.

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“We’ve noticed a wave of trial delivers with no comply with via, stated Buscho. “According to the statistics, a mere .4% of the trial offers became permanent. In numerous situations the banks are getting three months of payments from homeowners, then supplying permanent terms that are nothing at all like the trial supply. Had been monitoring the scenario very carefully to see if the banks carry out and disclose correctly. If the trial gives are practically nothing more than a bait and switch tactic designed to get an additional three month’s payments from individuals that are already hurting, United Law Group will step up to assist the individuals.”

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United Law Group also represents customers in instances involving debt settlement, IRS settlement, auto loan payment relief, breaches of contract and violations of state and federal laws. They have a number of class action lawsuits pending against key lenders.

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About United Law Group&#13

United Law Group is a national law firm with offices in California, New York and Florida. The firm represents shoppers in complicated litigation regarding abusive banking practices, breaches of contract and violations of state and federal laws. United Law Group also litigates instances involving bankruptcy, IRS settlements and debt settlements in state and federal courts across the nation. Employing a group of prime-notch attorneys, United Law Group leverages top-edge technology to handle situations, help investigative efforts and guarantee accurate, frequent communication with its clients. The firm is forming class action lawsuits in cases exactly where order to offer the greatest legal counsel to individuals who may well not be able to resolve their troubles with out representation.

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For additional info on United Law Group, pay a visit to: http://www.UnitedLawGroup.com or contact United Law Group at (800) 680-5717.

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Associated Loan Modification Services Press Releases

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

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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

United Law Group Welcomes Federal Investigators Contends That Banks Failed the People

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Irvine, CA (Vocus) March 12, 2010

United Law Group’s senior managing attorney Robert Buscho commented on the current investigation of alleged loan modification fraud. Served with a federal search warrant, the firm welcomed members of a joint job force to its offices on Thursday morning.

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United Law Group has practically nothing to hide, stated Buscho. Our circumstances are well documented and recorded. We are confident that this investigation will prove that our firm has acted in the very best interests of all of our clientele and are hopeful that it will shed light on the truth of what the banks are doing to the American public.

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Prior to the passage of SB 94 the firm represented home owners in litigation and negotiation efforts with mortgage lenders and servicers. The firm no longer accepts advance fees and has stopped accepting loan modification clientele in compliance with the law. In contrast to some firms that closed their doors following the passage of SB 94, United Law Group continues to service its existing clientele for no further costs.

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We feel passionately about helping individuals and stand by our current consumers, said Buscho. We are carrying out every thing legally attainable to assist our clientele.

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United Law Group filed six separate extensions to stop foreclosure proceedings against one client who retained the firm more than a year ago. The firm received word final month that the client was presented a trial modification. An additional single father waited more than 11 months even though the firm negotiated on his behalf. The trial modification supply came although he was working overseas and the firm got the bank to honor the modification offer one month right after it expired. The firm has numerous stories just like these.

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Preserving that it is the banks that in the end benefit when reputable law firms are targeted, United Law Group cites HAMP statistics as proof that the banks are in fact at fault for non-compliance.

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Two years ago the individuals of this nation had been led to believe that the banks have been going help to resolve this crisis, stated Buscho.

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At that time, President Barack Obamas Home Cost-effective Mortgage System (HAMP) gave $ 42 billion of TARP money to banks with a goal of modifying four million mortgages. According to an report published in December 2009, there had been only 650,994 trial modifications supplied and 1,911 .047% of the 4,000,000 targeted permanent modifications completed by the banks.

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“The numbers dont lie, mentioned Buscho. Weve taken the stance of David against the collective Goliath that is the banking industry since we believe that someone has to stand up to those giants and fight for the rights of the individual. We think that the benefits of this investigation will prove after and for all that United Law Group is here to keep and right here to aid people and households who had been let down by the banks empty promises.

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About United Law Group&#13

United Law Group represents customers in complicated litigation regarding abusive banking practices, breaches of contract and violations of state and federal laws. United Law Group also litigates instances involving bankruptcy, IRS settlements and debt settlements in state and federal courts across the nation. Employing a team of prime-notch attorneys, United Law Group leverages major-edge technologies to manage situations, support investigative efforts and make sure correct, frequent communication with its consumers. The firm is at the moment forming several class action lawsuits.

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Associated Loan Modification Services Press Releases

Recent US Treasury Announcement States that Net Present Value Test, Such as United Resources Solutions’, Will Ensure a Loan Modification

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Fort Lauderdale, FL (PRWEB) April 14, 2011

It’s no secret that our nation’s economy is in a slump. There have been numerous adverse consequences on the American folks as a result of the recession, including an improve in foreclosures. But in an work to stop foreclosures, much more and a lot more men and women are pursuing loan modification. Loan modification alters the terms of the loan to avert default. But in order to be regarded as for loan modification, a homeowner need to pass the NPV test. The NPV test measures the net present value (NPV) of your home. If a homeowner passes the NPV test, they will be authorized for a loan modification. The NPV test is not essential, but it can help. An on the web version of this test can be discovered with United Resources Solutions’ Web site. Even the US Treasury Department has recently said that it is the only certain way of receiving a loan modification.

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When somebody is in search of loan modification, they can take the NPV test in order to see if it will aid to stay away from foreclosure. The NPV test requires the homeowner’s cash flow and factors in the loan expenses with loan modification and with no loan modification. If the NPV test is constructive, then it indicates that the homeowner would have greater cash flow with a loan modification. The NPV test is a wonderful way for lenders to evaluate whether or not a modification would really support the homeowner or not. If it would not aid homeowner, then there’s no point in performing it.

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The major purpose of a loan modification is to prevent foreclosure. Foreclosures are a big loss of revenue for the bank as nicely as a blot on the borrower’s credit record, so it is typically in everyone’s very best interest to avoid foreclosure. Typically, a loan modification can alter a loan slightly so that the borrower is capable to pay for it. The NPV test can give the lender a far better concept of how helpful a loan modification would be. The NPV test is simple to run, and the NPV test is a wonderful way to save time. If the borrower passes the NPV test the borrower will be authorized for a loan modification.

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The NPV test is such a excellent indicator that the United States Treasury Department has even stated that passing the NPV test is the only positive way to be approved for loan modification. The documents from the Treasury Department go additional, stating that When Mortgage modifications have a optimistic NPV, it is in the ideal interests of lenders, servicers, investors, and borrowers to modify mortgages to lessen the risk of foreclosure. It is a great idea to take the NPV test if the borrower is getting a tough time paying their mortgage. A loan modification can support to make a borrower’s loan far more affordable. If the borrower is critical about getting a loan modification, take the NPV test. It is the best bet at acquiring the loan modification that is necessary.

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A good resource, and an NPV loan modification test can be identified at the &#13

United Resources Options internet site.

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