Townhall Meeting to Raise Homeowners’ Concerns Against Practices of Banks in Property Loan Modification and Foreclosure

San Jose, CA (PRWEB) March 18, 2010

Homeowners In Action (http://www.homeownersinaction.com), a neighborhood grassroots movement concerned about the lack of fairness and transparency in bank practices, announced nowadays that a town hall meeting will be held at the Martin Luther King, Jr. Library in San Jose on Saturday, March 20, in order to raise home owners concerns against the secretive and ineffective practices of banks in property loan modification and foreclosure.

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Janice Hills, a San Jose resident, has been waiting for her loan modification because February 2009. Twelve months later she received a get in touch with from a loan underwriter supplying a loan modification package with payments only $ 20 less than her old loan payment. Now she has tiny alternative except to let go of the property or file for bankruptcy.

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However, Janice is not alone. Hundreds of thousands of homeowners across the nation face similar stories and thousands of households are heavily hit locally in San Jose.

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Foreclosure dont just effect the household who loses their property, they impact the stability of our neighborhoods,” said San Jose Mayor Chuck Reed on April 8, 2009.

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But, regardless of $ 75 billion offered to banks by the federal government to assist in preventing foreclosure by way of the loan modification procedure, new data released shows that the governments foreclosure prevention plan has been ineffective: mortgage servicers have delivered fairly couple of permanent modifications. Although a necessary Prepayment Trial Plan is supposed to last only for three months, ProPublica reported lately that about one hundred,000 homeowners have been stuck in a prepayment plan for longer than six months, some for as extended as 10 months, a lot more than 3 occasions the Obama Generating Residence Reasonably priced Applications recommendations, even though several have noticed their home foreclosed during the approach.

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The bailout is taxpayers’ money. It requirements to get out to the people on Main Street to preserve these properties, to protect these neighborhoods,” said California Assemblyman Alberto Torrico.

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Jenny Do, San Jose lawyer and cofounder of Home owners In Action, said: It is essential to halt all foreclosures on property loans unless they have been processed through the governments Residence Reasonably priced Modification System and exhausted lenders own alternative modification programs.”

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Michel Lopez, CEO of a nearby company, added: “Home owners in economic problems are victims of unfair and secretive banking practices. They are taxpayers who have contributed money to the bailouts and it is a moral obligation for bankers to rescue them back in return.”

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The goal of this town hall meeting is to let the people voice their stories and sign a petition demanding banks and mortgage businesses to be transparent and take instant action to avert the foreclosure of houses, that are affecting thousands of families in San Jose.

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Please join the forum with hundreds of other property owners to raise the concerns of the community and demand immediate services by banks and mortgage organizations to stop foreclosure.

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When &amp Where&#13

Saturday, March 20, ten:00 AM to 12:00 PM&#13

2nd Floor of the Martin Luther King, Jr Library&#13

150 East San Fernando Street, San Jose, CA 95112&#13

4th Street &amp San Fernando Street, downtown San Jose

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Speak to:

REST Report Puts Loan Disposition Information Utilised by Banks Into the Hands of Buyers


IRVINE, California (PRWEB) June 16, 2010

United Law Group nowadays announced that the law firm was granted an exclusive license to use the REST Report when helping distressed property owners. The law firm was selected based on its track record for helping home owners to function toward resolutions with their home loans, including permanent modifications, trial modifications, forbearances, and extensions on sale dates.

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The REST Report produces an 11-page document based on home specifics and person monetary specifics. The details compares, from the banks perspective, the expense of foreclosure to the a variety of monetary outcomes that could outcome from modifying a mortgage. Property owners can use the report to support their specific request for a loan modification or to find out right away what their other choices could be.

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The banks are in company to make cash regardless of what that indicates to property owners, stated United Law Group Managing Director Robert Buscho. The REST Report provides property owners a leg up when attempting to negotiate with their lender directly because it brings to light economic proof of why a bank should take into account the modification. This is specially beneficial in talks with servicers who have been called out for allegedly pursuing foreclosure because of the income involved.

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Buscho references a report published by the National Customer Law Center, which alludes to the reality that some servicers really profit if a distressed property goes into foreclosure. This report was cited in an article on MSN titled, Why Servicers Foreclose, When They Should Modify, and Other Puzzles of Servicer Behavior. The post states that, servicers, as opposed to investors or property owners, typically don’t danger losing funds on foreclosures.

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In yet another report titled Calculating the Net Present Value (NPV) of a Foreclosure vs. a Loan Modification published on CBS MoneyWatch, Ilyce Glink states that servicers enter numbers into a complex formula to choose whether the homeowner gets a loan modification or not. According to the report, home owners arent getting told that the NPV calculations are the purpose why their loan modification applications are getting rejected. Theyre basically being told You dont qualify. And, theyre left hanging for weeks and even months waiting for that opaque answer.

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The REST Report provides NPV and other information to property owners and illustrates the accurate worth of the loan to the lender. Evaluating the NPV analytics to determine if the loan falls within HAMP suggestions, the REST Report helps borrowers to ascertain if they qualify for HAMP and offers them info that their lender will not.

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Homeowners can use the info contained in the report to position their request properly when approaching their lender, mentioned Buscho.

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States such as Indiana, Maine, Michigan, Nevada, New York, Oregon, Maryland, New Hampshire, New Jersey, Ohio, Delaware, Wisconsin, Indiana, Pennsylvania, Florida, Kentucky, Rhode Island and Illinois call for a mediated session amongst the borrower and the bank prior to foreclosure. Providing the State Appointed Mediator with the REST Report, even if it does not show a borrower qualifies for HAMP, will give the mediator much more to go on when suggesting alternatives to foreclosure, as the report gives viable function-out choices that could be offered.

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Though unlikely, it is feasible that in the most intense circumstances, it could be required to turn to the courts to settle such a dispute, and the REST Report can be invaluable proof in such a proceeding. With out this report, borrowers have nothing to support their claims that they are HAMP-qualified.

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One particular of the most frequent mistakes we see is property owners focusing on the hardships, mentioned Buscho. Even though this is a portion of the picture, the banks concentrate on the net impact of foreclosure vs. modification to their bottom line. Armed with the REST Report, home owners have a significantly-necessary tool to make their case.

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Property owners living in states not requiring mediation and those who do not meet the requirements of HAMP also advantage from the report. The REST Report delivers loan disposition information for specific lenders so borrowers can approach their lender with realistic options.

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This information can be utilized to strategy investors for non-conforming loans and illustrate why it is in their ideal interest to modify the terms of a loan, mentioned Buscho. If the lenders and servicers deny homeowners their fundamental rights, the home owners can use that data to defend their residences via legal channels.

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About the REST Report&#13

The REST Report is a report generated by the REST application platform, which is a loan disposition evaluation method that, in numerous types, is used by significant banks and mortgage servicers. Financial institutions use systems like REST to analyze the various choices offered when a loan may not be repaid as agreed by a borrower. The purpose of such evaluation is to make certain that the bank can choose the path that gives the greatest monetary outcome achievable.

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About United Law Group&#13

United Law Group represents buyers in complicated litigation regarding abusive banking practices, breaches of contract and violations of state and federal laws. United Law Group also litigates situations 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 technologies to handle circumstances, assistance investigative efforts and make certain accurate, frequent communication with its consumers. The firm is currently forming many class action lawsuits.

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Connected Loan Modification Services Press Releases

Reaching U Network Holds a Free Seminar in South Florida for Struggling Homeowners Questioning Their Banks Lending Practices

Hallandale Beach, FL (PRWEB) August 12, 2011

July 21, 2011 Reaching U Network, a non profit organization, held a cost-free seminar for homeowners in South Florida who had inquiries regarding their mortgage lender, their current loan circumstance and the existing status of their residence. Property owners who are in the method of a loan modification or who are in worry of foreclosure attended the seminar to understand from a premier foreclosure lawyer, through examples of previous court circumstances, the procedure the banks at present implement and how this might apply to their residence situation.

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Subject matter such as Floridas present foreclosure status and how it is at the moment the nations highest was discussed, as properly as how in the final year the banks have repossessed more than 1 million residences in the U.S.

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The seminar discussion then turned its concentrate to mortgage documents and the triggers for the foreclosure method, meaning an acceleration clause in ones mortgage documents that specifics the course of foreclosure after one particular defaults on their mortgage.

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The sequence the banks adhere to as soon as a house is in a foreclosure was then provided, providing info as to how banks sue a homeowner for foreclosure and the specifications the banks must acquire to file this lawsuit, such as serving the homeowner with correct notice/complaint below the state and the significance of saving envelopes received from mortgage lenders due to the postmark.

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Via examples of present instances that have been awarded to other homeowners, a lot of queries from the participants had been answered. A single was a lady who was concerned about her terminally ill sister, whose lender had foreclosed on her house even though she was going by way of chemotherapy. An additional was a lady who had legal representation from an lawyer she felt was not properly representing her case concerning her property and the method her lender had taken to file suit. Each of these participants, like a lot of of the other folks in attendance, have been incredibly impressed with the extensive data the seminar offered regarding the banks poor lending practices and the method of loan modifications turning into foreclosures.

National Mortgage Complaint Center Desires To Hear From Victims Of Banks Saying Quit Creating Mortgage Payments & The Resulting Foreclosure


Washington, DC (Vocus) October 15, 2010

In an try to clarify bank misconduct in the US foreclosure, and real estate disaster, the National Mortgage Complaint Center is looking for a particular group of former property owners, who had been never late on their mortgage payment, who had decided given that they had been upside down on their mortgage payment they would make contact with their bank/loan servicer for a loan modification, who were then told by their bank, or loan servicer to quit producing mortgage payments, and rather than getting a loan modification, lost their property to a foreclosure. The group says, “These are the exact men and women we want to talk to. A single of the gigantic issues in the US foreclosure disaster is banks, or loan servicers do not assign a homeowner attempting to take advantage of a loan modification to the same customer service agent. As an alternative the borrower by no means talks to the exact same particular person twice-no names-e-mail addresses-nothing.” The National Mortgage Complaint Center says, “The group of people we want to hear from are borrowers, who had been usually on time, who had been told to quit producing their mortgage payments by the banks, or loan servicer, who wanted a loan modification, but alternatively got a foreclosure notice.” The National Mortgage Complaint Center is saying, “please do not attempt to contact us with this information, merely go to our web website speak to page-fill out what happened-the name of the bank-when you have been told to quit making payments-and when you lost the home. Following reviewing this info we will contact you.” http://NationalMortgageComplaintCenter.Com&#13

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The National Mortgage Complaint Center says, “We are most interested in homeowner, or former homeowners, who are in states with judicial foreclosure laws. Also, we feel it is extremely crucial to find individuals, who received no notice from the bank, that a foreclosure was imminent, which means the bank sought foreclosure on their home with no initial notifying them of bringing the case.” The group says once again, “Please no phone calls, we cannot deal with thousands of calls per hour. Just go to the make contact with web page on our net website and fill out the contact kind.” http://NationalMortgageComplaintCenter.Com

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There is no price to shoppers for this investigation, on the component of the National Mortgage Complaint Center.

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The National Mortgage Complaint Center is 1 of the most quoted supply in the United States on predatory mortgage lending. The group has been featured, or quoted in the Wall Street Journal, Cash Magazine, Newsweek Magazine, Excellent Housekeeping Magazine, Parade Magazine, The New York Occasions, The Los Angeles Instances, and numerous other news, or media outlets. In the June 2005 edition of Funds Magazine, the group warned about a national financial train wreck if banks, and major US homebuilders did not place a stop to appraisal fraud. The National Mortgage Complaint Center is now saying, “US banks are either producing foreclosures simply because of sloppiness, and incompetent consumer service, or they are hiding the accurate number of prospective US foreclosures, out of worry it would create an instant economic meltdown. What happened to all the mortgage bailout cash the banks received from the morons in the Nancy Pelosi Congress?” http://NationalMortgageComplaintCenter.Com

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Locate More Loan Modification Services Press Releases

Genuine Estate Brief Sale to Increase in 2011 as Banks Attempt to Dispose of Defaulting Loans Without Foreclosing


Fairfax, VA (PRWEB) January 18, 2011

According to international ratings agency Fitch Inc. and Managing Director Diane Pendley sector professionals are expecting to witness far more quick sales and fewer foreclosures in 2011, an encouraging sign for home owners in the D.C. Metro, northern Virginia and Maryland regions as nicely as those in search of options to foreclosure. A quick sale, or a sale in which a home is sold for significantly less than what is owed on the mortgage, can be an powerful option to foreclosure although enabling homeowners to escape the burden of bankruptcy. The Tania Ivey True Estate Group, which solutions Northern Virginia, Maryland and Washington, D.C., delivers a quantity of Certified Distressed House Authorities (CDPE) to advise consumers in the quick sale procedure. Residence sellers in particular places such as Fairfax County VA, or Loudoun County VA are seeing the number of Quick sales enhance. If you are a homeowner in Leesburg VA or Ashburn VA attempting to sell your home you are competing with several Brief Sales. Even locations such as Great Falls VA and Vienna VA are seeing a key portion of the market getting quick sold. The Tania Ivey Genuine Estate Group, closes far more short sales in a single month than most agents complete in their whole career, delivers additional support for home owners at http://www.Help34.com. Home owners are able to obtain a quantity of Free Reports regarding Short Sales and the influence they will have on the homeowner along with reports telling the truth concerning loan modifications and why they are so challenging, once again all this can be found for free of charge at http://www.Help34.Com &#13

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Avoiding foreclosure by way of a short sale can have significant rewards for a persons future financial stability, said Marc Cormier, a Genuine Estate Consultant and Certified Distressed Home Specialist, Divorce True Estate Specialist and Seniors Genuine Estate Specialist. A productive short sale can decrease the damage to ones future loan eligibility, credit rating, employment, safety clearance and moreand its important to function with a competent group.

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With millions of Americans struggling to make overwhelming mortgage payments, engaging a CDPE can aid a homeowner to much better navigate the quick sale procedure. CDPEs comprehensive specialized instruction in brief sales and foreclosure prevention and are effectively-versed on the value of writing an offer you than not only the sellerbut the bankwill accept.

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When youre pushed to foreclosure, its crucial to know your choices, mentioned Cormier, whose organization was up 48.three% in 2010. I close far more quick sales in a single month than most agents sell in their whole careerits my aim to put my customers back on the path to monetary stability and restore their hope for the future.

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For a lot more data on short sales or to connect with a CDPE, speak to Marc Cormier at The Tania Ivey Actual Estate Group at (703) 679 1754. For added sources, such as up-to-date data and reports, pay a visit to http://www.Help34.com and adhere to us on twitter mddcvahotprops.

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The Tania Ivey Real Estate group is powered by Keller Williams Realty. According to J.D. Energy and Associates, Keller Williams received the highest overall satisfaction ratings from homebuyers amongst the largest full-service actual estate firms in 2009 and again in 2010. The organization was also ranked the No. 1 Genuine Estate Franchise on the Annual Franchise 500 List created by Entrepreneur Magazine.

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About Keller Williams Realty, Inc.

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Founded in 1983, Keller Williams Realty Inc. is the third-biggest true estate franchise operation in the United States, with 681 offices and much more than 79,000 associates in the United States and Canada. The business, which began franchising in 1990, has an agent-centric culture that emphasizes access to top-edge education and promotes an financial model that rewards associates as stakeholders and partners. The business also gives specialized agents in luxury houses and commercial true estate properties.

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For more details, or to search for residences for sale check out http://www.help2ownahome.com.

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Mitchell J. Stein, Esq.: Military Families’ Foreclosure Fiasco Offers Ominous Warning in Dealing with Banks


Hidden Hills, CA (Vocus/PRWEB) January 20, 2011

Recent revelations that one particular of the nations biggest lenders overcharged thousands of military households for their mortgages, like households of troops fighting in Afghanistan, and improperly foreclosed on a lot more than a dozen military households highlights the extent of the foreclosure crisis and the disadvantages home owners face with no specialist legal help in foreclosure actions, according to Mitchell Stein, Esq. of Mitchell Stein &amp Associates.

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The revelations have been the outcome of a lawsuit filed by Marine Capt. Jonathan Rowles, a fighter jet pilot who has served the nation as a Marine for five years, against JP Morgan Chase soon after he and his wife, Julia, attempted unsuccessfully for numerous years to get a loan modification. The lawsuit has received national focus and brought on a assessment of every single mortgage involving active duty personnel by the bank, which has admitted overcharging the family by as significantly as $ 900 a month, hitting them with three-a-day collection calls and claiming they owed as much as $ 15,000 — even even though they didnt owe something and had never ever missed a mortgage payment.

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These committed members of the armed forces would have lost their residences via blatant mismanagement of their mortgages by JP Morgan Chase, said Mitchell J. Stein, a 25-year award-winning litigator, trial lawyer, and philanthropist committed to safeguarding consumers and victims’ rights in reigning in abusive practices of banks, lenders and others. No amount of PR spin and backpedaling can make up for the harm the bank has carried out to the lives of thousands of our service men and women and their families.

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Beneath the Servicemembers Civil Relief Act (SCRA), active-duty troops usually get mortgage interest rates lowered to six percent and are protected from foreclosure. A Chase official told NBC News that some four,000 troops could have been overcharged. Whats much more, the bank found it improperly foreclosed on the residences of 14 military families.

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Chase could have repeatedly violated the SCRA, which is developed to protect troops and their households from economic pressure although theyre in harms way, said Mitchell J. Stein. It is unfortunate that a lawsuit was needed to get them to act within the law and it is probably we will see this scenario repeated as the foreclosure crisis continues.

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The Rowles records show that whilst they had been creating payments at six %, the bank had been charging them at prices above 9 or ten %. They known as the bank repeatedly to explain the error with no success and then the bank started harassing them for funds they did not owe, like threatening to take their property and report them to a credit agency. Following collection calls began occurring at 3 am on weekends, the Rowles sued Chase for himself and other members of the military.

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At a time when millions of Americans are fighting for their properties due to foreclosure, this shows how banks and lenders often willfully ignore the law and wrongfully throw individuals out of their homes, and it is especially despicable that Chase treated our servicemen and females this way. Primarily based on what can only be described as a terrible mess, it is reasonable to ask: In addition to the military families, how a lot of non-military households has this bank wrongfully foreclosed on? said Mitchell J. Stein.

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The case is Rowles vs Chase Residence Finance, LLC 9:10-cv-01756-MBS

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ABOUT MITCHELL J. STEIN &amp ASSOCIATES

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Mitchell J. Stein &amp Associates is a California-primarily based law firm founded by M.J. Stein, Esq. a 25-year award-winning litigator, trial lawyer, financier, and entrepreneur who has represented a lot of of the world’s largest organizations and has been involved in some of the highest profile situations in the Nation’s history. The Firms philosophy is based on the belief that their customers requirements are of the utmost value and, as a result, a high percentage of the Firms company has been from repeat clients and referrals. The Firms practice places consist of Complicated Litigation, Bank Troubles, Mergers &amp Acquisitions, Commercial and Residential Foreclosures , and Bankruptcy Litigation. Mr. Stein is also the founder of VIPS Foundation (Victims of Injustice Discomfort and Suffering), via which victims nationwide, more than the final 15-years, have received assistance following unfortunate events that subjected them to oppression or mistreatment. In that regard, Mr. Stein received the inaugural Mitchell J. Stein Benefactor Award from the National Organization for Victims Assistance http://www.trynova.org (NOVA) for his work in defending victims rights. Go to http://www.mjsteinassociates.com or http://www.dobielaw.org for more information.

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Associated Loan Modification Services Press Releases

Hartford Dunn LLP Joins Partnership with Nations Leading Law Firms and Attorneys to Fight Banks


Calabasas, CA (Vocus/PRWEB) February 18, 2011

Hartford Dunn, LLP has joined partnerships with major attorneys and law firms throughout the nation to offer revolutionary mortgage litigation services to assist home owners fight foreclosures, it was announced right now by Mike Riley, senior companion of Hartford Dunn, LLP.

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Hartford Dunn, LLP has designed an innovative, proprietary, turn-important program that permits attorneys to supply mortgage litigation as a readily accessible remedy for their customers in a matter of hours. The Firm works directly with the most skilled and aggressive lawyers in the country to fight banks on behalf of buyers, supply complete backend solutions needed to help litigation and offer extremely-responsive customer service.

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The bottom line for home owners is that loan modifications dont work and they require professional legal help to fight for their rights with banks and lenders. It is critical to keep in mind that when banks modify a mortgage, they should minimize the value of the mortgage asset on their balance sheet, which could trigger audits from regulators like the FDIC and might result in the bank becoming insolvent, said Riley. One particular of the principal causes for our superior partnerships and legal actions is that banks and lenders do whatever they can to benefit themselves at the expense of customers and property owners. Hartford Dunn was founded to address the most crucial issues of our time, the first of which is the banking crisis and protecting home owners and customer rights.

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Hartford Dunn LLP has established an exclusive connection with Mitchell J. Stein, Esq. particularly pertaining to the current landmark case Paul Ronald et al v Bank of America et al (Los Angeles Superior Court Case No. BCV409444). Mitchell J. Stein, Esq. is a 25-year award-winning litigator, trial lawyer, and philanthropist committed to safeguarding consumers and victims’ rights in reigning in abusive practices of banks, lenders and other folks.

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Functioning with partners throughout the nation, Hartford Dunn is also preparing to participate in more than 25 upcoming actions against banks.

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With Hartford Dunn, our partners and their customers know they are working with the only firm authorized to participate in the Ronald case and that they are not operating with firms who are not authorized to participate in that case, stated Riley. We think the Ronald case represents one of the most important problems of our time, and that the banking crisis of the new millennium is the outcome in massive element of banks accepting foreign investment unlawfully and employing that cash to ruin the American mortgage system.

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According to Riley, Hartford Dunn LLP partners represent the cream of the crop in litigation attorneys and law firms from about the nation. Our attorneys and partners have come collectively as the ideal of the best to assist consumers and eradicate the confusion in the marketplace brought on by non-legal firms that more than guarantee, banks that mislead and others who misrepresent their potential to participate in the Ronald case, which is exclusive to Hartford Dunn, he said. Some of the our partners come from massive cities and some from small towns, some have studied as Rhodes Scholars and other people have played in jazz clubs, written books, served in the armed forces, built companies and numerous have earned the highest recognitions and honors their profession can offer. All our partners possess each legal acumen and true-globe experience.

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Amongst Harford Dunn LLPs outstanding, industry-top companion attorneys and firms are Brookstone Law, Pc, and Lanza &amp Smith, PLC from California, Guldenschuh &amp Associates from Georgia, Jon D. Pels, Esq., Lawrence J. Anderson, Esq., Justin M. Reiner, Esq. and Jennifer Schiffer, Esq. from Maryland, Cuneo, Gilbert &amp LaDuca, LLP from Washington DC, Frydman, LLC and Susan Chana Lask from New York, Cohen &amp Malad, LLP Class Action Attorneys from Indiana, Law Offices of Christie Arkovich from Florida, Law Offices of Heather Boone McKeever from Kentucky, E. Craig Smay, Esq. &amp John Christian Barlow from Utah, Friscia &amp Associates from New Jersey and Lauren Paulson from Oregon.

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Hartford Dunn LLP attorneys and partners will aggressively use the leverage of lawsuits to get results and fight for shoppers. With mortgage litigation from Hartford Dunn LLPs professional legal group, property owners will have attorneys defending their rights in the court and banks will no longer have the energy to make decisions as to what home owners will get.

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We think banks are vilified in todays society and for great cause. If bank litigation goes to a jury trial, banks will be held accountable for the many negative mortgages they underwrote and the lack of responsiveness they have shown in supplying financial relief to the property owners who they victimized, said Riley.

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According to Riley, primarily based on the behavior of the banks and the present economy, trial lawyers are at the moment where considerably of the American public is turning for help. Many legislators and specialists think litigation might be the only alternative and that it represents the very best way to shield property owners.

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The final two years have demonstrated that banks are dragging their feet hoping home owners get frustrated with the approach and give up, mentioned Riley. The Government advanced much more than $ 1 trillion in TARP funds so that the banks would not drag their feet, but rather, the banks took the cash and began acquiring land and not assisting homeowners. The only thing that has kept their land grab from reaching epidemic proportions is the participation of trial lawyers like those functioning with us at Hartford Dunn LLP who are operating tough to make sure the banks do the proper thing by buyers.

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For home owners, the rewards of mortgage litigation contain the filing of a lawsuit that motivates action by their lender, the possibility of that lawsuit resulting in an reasonably priced solution for the homeowner and real results that defend their residences, and the participation of aggressive and skilled attorneys representing them that requires power from the banks and gives responsibility for judgments to the courts.

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Due to the fact banks reserve the appropriate to rescind modifications, even these homeowners who get them are at a total disadvantage, which is why it is so quite critical to get specialist legal counsel to deal with the banks, mentioned Riley. Banks no longer have a monetary incentive to modify mortgages and would rather foreclose on a home and liquidate it at a time of their selecting instead of providing a modification. The banks lender will inform home owners lies such as, They are a scam! and You should demand your money back. We can do this for you for cost-free which tends to make the method even far more frustrating for the homeowner simply because banks want them to give up.

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Hartford Dunn LLP focuses on supplying higher-good quality customer service and a diverse portfolio of services for attorneys and law firms particularly developed to resolve their clientele economic concerns. Based on the clientele preferences, Hartford Dunn LLP attorneys will try to settle for principal and rate reductions or present the clients case to a jury and to get the mortgage free and clear.

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A lot of of the players at present in the litigation sector mislead property owners exactly where to get precise data on cases and leads to men and women getting scammed by firms that are not law firms and law firms that are not authorized to be a component of the Ronald case, said Riley. Our exclusive function with Mitchell J. Stein, Esq. on the landmark Ronald case is probably to alter all of that forever.

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ABOUT HARTFORD DUNN LLP&#13

Headquartered in Calabasas, CA, Hartford Dunn LLP supplies a diverse portfolio of solutions for attorneys and law firms particularly developed to resolve their customers monetary concerns using a proprietary, revolutionary, turn-crucial program that permits attorneys to offer mortgage litigation as a readily accessible answer in

Brookstone Law, Pc: Obama Administrations Mortgage Deal Could Exclude Borrowers from Future Action Against Banks


Newport Beach, CA (Vocus/PRWEB) March 02, 2011

Recent media reports that the Obama administration is attempting to reach an agreement with banks more than mortgage-servicing breakdowns highlights the require for homeowners facing foreclosure to have legal counsel prior to any settlement, according to Vito Torchia, Jr. managing lawyer of Brookstone Law.

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According to media reports, the Administration’s proposed settlement would require banks and loan servicers to bear the expense of write downs but provides banks the freedom to decide what these modifications will be. Those servicers would include mortgage-finance giants Fannie Mae and Freddie Mac, as well as investors in loans that had been securitized by Wall Street firms. Settlement terms stay in improvement and regulators are seeking at up to 14 servicers that could be a celebration to the settlement.

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Brookstone Law, Computer, has filed a mass joinder lawsuit against Bank of America, potentially the most significant and precedent setting legal action taken against lenders as a result of the national foreclosure crisis. The lawsuit alleges Bank of America (BOA) and its subsidiary Countrywide Financial Corporation (Countrywide) perpetrated a enormous fraud, also constituting unfair competitors upon borrowers that devastated the values of their residences, resulting in the loss of net worth, and that BOA and Countrywide intended to deprive many rights and treatments for the difficulties they caused the borrowers. The case is Wright et al. v. Bank of America, N.A. et al., case no.30-2011-00449059-CU-MT-CXC filed in Orange County Superior Court.

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Now that the U.S. Government is discussing settlements that will defuse lawsuits against the banks that specifically challenge elements of mortgage securitization, the broken chain of title or MERS, principal reduction is the most critical aspect of any settlement, said Vito Torchia, Jr. Until banks and servicers totally embrace principal reductions, the thousands of homeowners who are underwater will continue to struggle and that will preserve the housing marketplace and our economy down for years.

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According to media reports in the Wall Street Journal, Federal agencies have been scrutinizing the nation’s largest banks more than breakdowns in foreclosure procedures that erupted final fall and last week, the Office of the Comptroller of the Currency raised issues more than inadequate staffing and weak controls over foreclosure processes. In 2008, BOA settled claims worth more than $ eight.six billion for loans allegedly involving predatory lending practices committed by Countrywide, which it acquired that year.

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Any settlement could be amongst the biggest ever against the mortgage sector especially considering that some are pushing for banks to spend billions or fund a comparable quantity of loan workouts, stated Vito Torchia, Jr. If a single settlement can’t be reached, it is most likely various federal agencies will nonetheless seek smaller sized penalties through regular enforcement channels, so banks could face the prospect of lawsuits from state attorneys common, which indicates property owners require for professional legal counsel will be just as wonderful right after any settlement as it is now.

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ABOUT BROOKSTONE LAW, Computer &#13

Headquartered in Newport Beach, Calif., and with offices in Los Angeles, Calif., and Ft. Lauderdale, Fla., Brookstone Law, Computer is a law firm comprised of attorneys with expertise and accomplishment in business, corporate and individual finance, employment, entertainment and media, art and museum, intellectual property and true estate law. The firm has a network of more than 40 affiliate attorneys nationwide and employs very trained specialists, paralegals, paraprofessionals and administrative staff dedicated to serving clients. For info, call (800) 946-8655 or go to Brookstone-Law.com (http://www.brookstone-law.com).

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National Mortgage Complaint Center Blasts All US Banks for Failing to Give Homeowners Constant Buyer Service on Mortgage Loan Modifications


(Vocus/PRWEB) April 04, 2011

The National Mortgage Complaint Center is accusing all US banks, and loan servicing businesses of really dropping the ball, when it comes to assisting potentially a million plus US property owners trying to qualify for a loan modification, or a mortgage loan operate out. The group says, “When a desperate US homeowner attempts to get in touch with a bank, or loan servicing center, they never ever get the very same customer service representative twice, and far more usually than not they are receiving conflicting details. As an instance a single customer service representative, will inform a homeowner, who has always been present on their mortgage to stop creating payments on their loan-in order to qualify for a loan modification? We have actually talked hundreds of shoppers, who have been told to quit making their mortgage payments–the dilemma–the bank representative just instructed the homeowner to blow up their credit score, by missing mortgage payments! How amazingly stupid is that? Then an additional customer service representative will inform the same borrower–Oh my God you have stopped producing mortgage payments-you are now in foreclosure.” http://NationalMortgageComplaintCenter.Com

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The National Mortgage Complaint Center says, “If the national news media is actually interested in this US loan servicing disaster story–just let us know–we will do a press release targeting any US city you want &amp you can have a little town hall meeting with victims of this nonsense–the only dilemma–you in the press will need to rent the facility, and its going to need to be genuinely, really big–simply because you will have tens of thousands of US citizens in any huge, or medium sized metro area, who all will have a mortgage loan servicing nightmare story for you. The issue is that vast.” http://NationalMortgageComplaintCenter.Com

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The National Mortgage Complaint Center says, “So how do we repair this loan servicing nightmare for all US property owners? Truly, we feel its sort of simple. When a borrower calls their bank about a mortgage problem, they should be assigned a distinct consumer service representative, who will supply the customer with their complete name, buyer ID, and e-mail address. If its a loan modification, or mortgage function out, this bank, or loan servicing representative will stay with the consumer till whatever the activity at hand is accomplished, and the bank rep sends the borrower specific directions-not this verbal–stop creating your payments nonsense.” They say, “A enormous element of our current US mortgage, or US genuine estate disaster is a direct result of banks, or loan servicers never offering the borrower with anything in writing, by no means enabling the homeowner to get an e-mail, or something in writing, and never ever receiving the identical client service particular person twice. This needs to stop now, if we ever have any hope of placing the present US true estate disaster in our nations rear view mirror-US banks, as nicely as loan servicing firms have to do a significantly greater job, and the US Congress requirements to cease giving banks money for mortgage bailouts, that are absolutely nothing a lot more than an absolute waste of taxpayer money.” http://NationalMortgageComplaintCenter.Com

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Related Loan Modification Services Press Releases

Kramer and Kaslow: Settlement Amongst U.S. Government and Nation’s Biggest Banks Could Assist Homeowners Facing Foreclosure


Calaabasas, CA (PRWEB) June 10, 2011

According to Kramer and Kaslow lead lawyer Philip Kramer, a new settlement amongst the U.S. government and the nation’s biggest bank could aid homeowners facing foreclosure. The Huffington Post reports that, “The Obama administration and state officials are anticipated to offer the nation’s five biggest mortgage firms updated terms next week in ongoing negotiations more than a settlement with regards to the firms’ faulty remedy of borrowers, according to 3 men and women with information of the government program.

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According to the Huffington Post report, Tuesday’s bipartisan meeting integrated the Washington Attorney Basic Rob McKenna (R) and Colorado Lawyer General John Suthers (R), who named in remotely. Prime officials from Florida’s and Texas’ lawyer common offices, both led by Republicans, attended, along with the Democratic attorneys general from Delaware, Iowa, Illinois, North Carolina and Connecticut.

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Best officials from the Treasury Department, Department of Justice and the Division of Housing and Urban Development had been also present.

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Asked for a comment, Philip Kramer, a noted attorney and senior companion at the Martindale Hubbard AV rated law firm Kramer &amp Kaslow, comments, This is potentially good news, if, and it is a big IF, the banks dont succeed in watering it down to the point where it is useless.

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To find out far more about Philip Kramers thoughts on the discussions, check out the Kramer and Kaslow weblog.

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ABOUT PHILIP KRAMER&#13

PHILIP A. KRAMER is the senior partner of the Law Workplace of Kramer &amp Kaslow, in Calabasas, California. Kramer &amp Kaslow is Martindale Hubbell AV rated. Mr. Kramer is a perennial recipient of the prestigious Southern California Super Lawyer award.

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Mr. Kramer received his undergraduate degree from Ohio State University and his Juris Doctorate from the Catholic University of America, in Washington, DC. His practice emphasizes industrial litigation and trial advocacy, with a concentration on company litigation, and real home matters. He has prosecuted and defended instances for over twenty 5 years.

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Mr. Kramer is a licensed genuine estate broker and has spent considerable time delivering legal solutions in connection with true estate concerns relating to loan modification and loss mitigation, land use and zoning, environmental troubles, easements, construction and improvement, finance, and landlord tenant matters.

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Mr. Kramer is admitted to practice ahead of all courts in the State of California, the United States Supreme Court and the United States Court of Military Appeals. Mr. Kramer has attempted in excess of 200 cases. He has appeared on nationally televised programs relating to pre-trial procedure and trial method and has appeared as a guest lecturer on topics ranging from constitutional law to trial practice, and Mr. Kramer often lectures on a broad spectrum of different legal and enterprise issues.

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Mr. Kramer also serves as a Judge Pro Tem for the Los Angeles Superior Court and as a Mediator.

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Mr. Kramer is also a previous president of the Los Angeles West Inns of Court, a national organization devoted to bringing professionalism and civility back into the legal profession. He also serves on quite a few Boards of Directors and serves as an officer in several companies. For far more details contact (818) 224-3900 or visit http://kramer-kaslow.com

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