Tag Archives: Brookstone

Brookstone Law Computer: Massachusetts Lawsuit Against Lenders Has Large Prospective

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Newport Beach, CA (PRWEB) December 06, 2011

Progress on legal challenges against the nation’s five most significant mortgage lenders are facing a main legal challenge in Massachusetts is a constructive sign for relief-looking for home owners foreclosed on in Massachusetts in the course of the housing crisis according to Vito Torchia, Jr., managing attorney of Brookstone Law.

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According to media coverage, in the first such lawsuit filed by a state, Massachusetts Atty. Gen. Martha Coakley claims that Bank of America Corp., Wells Fargo &amp Co., JPMorgan Chase &amp Co., Citigroup Inc. and GMAC Mortgage utilized fraudulent documentation in the foreclosure processes, took back properties with out showing they owned the actual mortgages, and failed to uphold loan modification promises to borrowers in the state.

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We applaud the Massachusetts attorney basic for lastly coming to the help of foreclosure victims and holding banks accountable for their systematic mismanagement, lack of due diligence and ongoing record of foreclosures without having following the rule of law,” stated Vito Torchia, Jr.

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According to media coverage, the Massachusetts action represents a new challenge against the mortgage sector by increasing stress on banks to strike a deal with a coalition of Attorneys Basic in search of relief for shoppers allegedly wronged by faulty mortgage servicing practices. The suit could also serve as a blueprint for other individual states to file actions.

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This case could have considerable repercussions throughout the nation and especially in California, exactly where our Attorney Basic has just begun to concentrate on the harm banks have done to homeowners in our state, stated Vito Torchia, Jr.

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According to media coverage, negotiations for a deal of up to $ 25 billion between the banks, attorneys basic and federal agencies was expected to have been reached by now but talks have dragged on for much more than a year.

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“This is a vitally important legal development that will most likely give State Attorneys General who want to go right after the banks a blue-print of how to do it,” stated Vito Torchia, Jr. “But without suitable and professional legal counsel, property owners will likely not be able to obtain the leverage in their negotiations they need to have to hold the banks accountable for their unlawful conduct.

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In addition to criticism from customer groups and homeowners nationwide, media coverage consists of reports that New York, Delaware, Nevada, Massachusetts, Kentucky and Minnesota all signaled that they have been unhappy with the path of the talks with the banks, following issues that the banks have been getting let off too easily.

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While several home owners are becoming unfairly foreclosed upon, the banks are negotiating a settlement that favors them and hurts shoppers, and they cant even do that appropriate. This is an appalling circumstance that ignores shoppers all through California and the nation who require support now, said Vito Torchia,Jr. Now far more than ever is the time for property owners to have powerful legal counsel to take benefit of these developments and at the very same time safeguard property owners rights.

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According to media coverage, California Atty. Gen. Kamala Harris formally walked away from the negotiations soon after meeting with bank representatives in Washington, concluding that what they have been offering was not excellent enough for residents of the state. Given that then, proposals to attempt to entice her back to the table have been floated, as California is noticed as crucial to forging a powerful settlement. Harris has subpoenaed info from Fannie Mae and Freddie Mac as part of an inquiry into lending and foreclosure practices in the state. Her workplace lately subpoenaed Bank of America and its mortgage arm Countrywide Financial, along with Citi, searching for information on their practices selling mortgaged-backed securities in California.

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“Rather of the controversial answer getting created by the banks and the federal government, this lawsuit and the improvement of actions by so a lot of State Attorneys Generals show that a 50-state settlement is not preferable to the states and most surely not to consumers, mentioned Vito Torchia, Jr. Soon after the harm they have brought on, and continue to trigger, banks do not deserve to have these concerns solved by way of a enormous and unfair federally-mandated settlement.”

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ABOUT BROOKSTONE LAW, Pc &#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 encounter and accomplishment in business, corporate and individual finance, employment, entertainment and media, art and museum, intellectual house and real estate law. The firm has a network of much more than 40 affiliate attorneys nationwide and employs highly trained specialists, paralegals, paraprofessionals and administrative employees dedicated to serving consumers. For info, get in touch with (800) 946-8655 or check out Brookstone Law.com(http://www.brookstonelaw.com).

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Brookstone Law Pc: Foreclosure Settlement Can’t Stop Property owners From Defending Their Rights

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Newport Beach, CA (PRWEB) February 21, 2012

The recent Federal Foreclosure settlement shows the nation’s main banks are admitting fault in the foreclosure crisis and does not waive the rights of property owners in dealing with the banks, according to Vito Torchia, Jr., managing lawyer of Brookstone Law, Pc.

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The settlement numbers cant hide the fact that the issues of hundreds of thousands of property owners have not been addressed. This is an attempt by the Banks to escape judgment for the troubles they triggered whilst providing politicians an chance to act like they are helping home owners, stated Vito Torchia, Jr. We disagree that the outcome offers California a fair deal commensurate with the harm done here and will continue to aid person property owners facing wrongful foreclosures. Now that the banks have admitted their fault in court, there will be new possibilities for customers with professional legal aid to shield their rights.

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According to media coverage, the nation’s three largest mortgage servicers Bank of America, JPMorgan Chase and Wells Fargo &amp Co. committed last week to subsidize a $ 12 billion fund to address principal write-downs, which includes via short sales, in California over the subsequent 3 years, the single largest such commitment to come out of the negotiations with state attorneys basic more than the role of these lenders in the foreclosure crisis.

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“By signing on for political causes, the state of California acted against the interests of property owners by waiving many claims it could have brought against the banks on behalf of victimized home owners, such as widespread unfair or deceptive business practices and general customer protection statutes that applied to wrongdoing in the loan modification and foreclosure procedure, mentioned Vito Torchia, Jr. With professional legal counsel, these claims can nonetheless be pursued by individuals.

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According to media reports, the settlement does not consist of about 60% of the state’s homeowners whose loans are owned by government-controlled mortgage giants Fannie Mae and Freddie Mac. California’s mortgage industry at present accounts for about 13% of total U.S. loans serviced and 20% of loans by dollar size. The settlement covers only homeowners whose mortgages are owned by the banks in the deal or are serviced by them on behalf of private investors so will effect only about 250,000 Californians. Iowa Atty. Gen. Tom Miller, who led negotiations for the state attorneys basic, noted that they have been amazed by how a lot of a problem there was in California.

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California is by far the most important mortgage lending state in the nation, and so is the most crucial foreclosure state, so as we have predicted, the banks now get to go back to company of aggressively processing foreclosures, said Vito Torchia, Jr.

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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, Pc is a law firm comprised of attorneys with experience and achievement in organization, corporate and individual finance, employment, entertainment and media, art and museum, intellectual house and genuine estate law. The firm has a network of more than 40 affiliate attorneys nationwide and employs hugely educated specialists, paralegals, paraprofessionals and administrative staff dedicated to serving customers. For data, contact (800) 946-8655 or check out the Brookstone Law Computer internet site at (/http://www.brookstonelaw.com).

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Election Day Victim: Columbine Survivor in Foreclosure Shoot-Out with Wells Fargo Bank Gets Aid from Brookstone Law Pc

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Newport Beach, CA (PRWEB) November 06, 2012

31-year old Columbine Higher School shooting survivor Richard Castaldo is facing a sales date these days from foreclosure and Brookstone Law Group, Computer has announced it will help Castaldo in his fight to keep his home, according to Vito Torchia, Managing Attorney, Brookstone Law Pc.

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All through the housing crisis, Brookstone Law Group has helped property owners from all through the nation obtain loan modifications, quit foreclosures and keep their homes. Following learning from Castaldo of the challenges he has faced in trying to save his home, Brookstone agreed to represent the higher-profile Columbine shooting victim on a pro bono basis. The case is Luis Mireles, et al v Wells Fargo, Superior Court of the State of California, County of Los Angeles, Case No.: BC467652. Brookstone is at the moment evaluating Castaldos legal choices for stopping the foreclosure of his property, which is retrofitted to accommodate his wheelchair and disabilities.

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Richard Castaldo has been trying given that June to modify his loan but the bank has been unresponsive, stated Torchia. He has already faced outstanding tragedy in his life and is disabled, and each and every attempt he has created to deal with them to maintain his residence, which has been especially created and equipped to meet his needs, has gone unanswered. He is facing the tragic loss of his residence because the Bank has not responded to him.

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According to media coverage, Castaldo produced national headlines when he became a victim of the Columbine High College shootings in Colorado in 1999 that resulted in the deaths of much more than a dozen innocent students and teachers. President Clinton called Castaldo from the White Residence during his recovery and Castaldo participated in the groundbreaking of the Columbine memorial.

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It is saddening that Richard Castaldo survived the Columbine shootings but despite his greatest efforts, his house may possibly not survive Election Day, stated Torchia.

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According to media coverage, following the shooting, Castaldos involvement in the tragedy resulted in national media coverage and a memorable scene in the film Bowling for Columbine in which wheelchair-bound Castaldo goes into a K-Mart with Michael Moore to get bullets to take Kmart corporate headquarters.

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Mr. Castaldos predicament also points to the current controversy over health care and the uncertainties about Obamacare that will influence those with special needs, especially their economic and individual lives, mentioned Torchia. It is critical that we defend the homeownership of these among us with particular wants to aid them live typical lives.

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According to media coverage, soon after the shooting and following his years in the Denver area, Castaldo moved to Los Angeles, exactly where he pursued a profession in sound engineering and in 2010 ran for Congress in the 30th District in Los Angeles County. Castaldos property is in the West Hollywood area.

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Blogger John Wright of Piggybankblog.com, has joined several supporters from around the nation to straight request support from both Presidential candidates for Castaldo.

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As a disabled adult, Richard Castaldo demands his residence to reside as typical a life as feasible. We have contacted the offices of both Presidential Candidates and are awaiting their response in the face of this terrible occasion, stated Wright. This is a dilemma our President ought to address and solve and we are going to perform to get the President-Elect to help.

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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, Pc is a law firm comprised of attorneys with knowledge and achievement in enterprise, corporate and private finance, employment, entertainment and media, art and museum, intellectual house and actual estate law. The firm has a network of more than 40 affiliate attorneys nationwide and employs hugely trained specialists, paralegals, paraprofessionals and administrative staff committed to serving customers. For data, contact (800) 946-8655 or pay a visit to Brookstone Law.com (http://www.brookstonelaw.com).

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Brookstone Law, PCs Emergency Extension Department Discovers Hidden Home Sale Date, Earns Unique Federal TRO for Local Seniors

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Newport Beach, CA (Vocus/PRWEB) March 31, 2011

Thanks to Brookstone Law, PCs Emergency Extension Department (EED), a new resource to help homeowners facing foreclosure keep their homes, two local seniors have kept their home despite their Banks attempts to hide the sale date from them, it was announced today by Vito Torchia, Jr., managing attorney of Brookstone Law, PC.

According to court documents, Bob and Angela Sacchi, a married couple in their 80s living on a fixed pension income and savings in West Hollywood, CA, were facing foreclosure, the sale of their home and eventual eviction based on a predatory home loan they obtained in 2004 and the banks refusal to allow them to modify their mortgage despite numerous attempts to fix their problems over the past several years. The case is Sacchi, vs. MERS et al., Case No. CV 11-01658 pending in the United States District Court – Central District of California.

After initially stopping the sale of their home the day before it was scheduled to be sold, Brookstone Law continued to represent the couple. Unbeknownst to either the Sacchis or Brookstone Law, a new sale date was scheduled by the Bank. Only through Brookstone Laws attention to detail and frequent follow up did the EED team discover the Bank had scheduled a new sale date.

When our EED team helps achieve a postponement, we always look for the opportunity to pursue additional actions to extend postponements or achieve cancellations, said Aalok Sikand, one of the lead attorneys on the EED team. We learned through our hard work and research that the Bank had set a new sale date and were not surprised to discover they had not communicated that to the Sacchis.

Brookstone immediately prepared and filed an ex parte motion for a temporary restraining order and for an order setting a hearing date for a preliminary injunction against certain of the foreclosing defendants. According to court documents, the motion was based on alleged violations of California foreclosure statutes and on a securitization audit and accompanying affidavit calling into question the authority of the foreclosing party to actually foreclose. The Court issued the temporary restraining order, restraining all defendants from foreclosing on the Sacchis home pending a hearing on the preliminary injunction. The Court will set a briefing schedule.

Thanks to Brookstone Laws EED we have a sense of security about our future, said Mr. Sacchi, a member of the Screen Actors Guild and American Federation of Radio and Television Artists who starred in the film “The Man Who Stole Bogart’s Face” and has appeared in numerous popular television series including “Kojak” and “Fantasy Island.” Brookstone Law said they would fight for us in court and they did just that.

Like many homeowners, the couple had heard stories about how homeowners facing foreclosure are treated by banks and how many banks do not allow short sales to address foreclosures. Media reports have highlighted banks mishandling of mortgage foreclosures and mistreating consumers, practices which have led to legal action throughout the country including suits filed by more than 40 state attorneys general against banks and lenders. Media coverage has shown banks throwing peoples belongings into the street in wrongful evictions, overcharging thousands of members of the military on their mortgages and bank executives admitting to blatant misadministration of loan documents in wrongful foreclosure trials.

Facing immediate foreclosure, without opportunity for a loan modification, living on a fixed low income and with nowhere to go if their home was sold, there seemed to be no way for the couple to stop their initial foreclosure until they contacted the EED specialists at Brookstone Law. EEDs team of legal experts and specialists acted decisively and fought for the couple in court by filing a lawsuit that resulted in a postponement of the first sale date.

This is another example of how we will not stop working until we achieve the results our clients need, said Nisha S., a seasoned EED specialist. Without dedicated attorneys and specialists working on their behalf, the Sacchis would not have known about the difficult situation the bank put them in before it was too late for them to act to save their home.

At a time when millions of Americans are losing their homes as part of the foreclosure crisis, homeowners face a daunting challenge when dealing with banks. To deal with those challenges, many homeowners have turned to the EED help them keep their homes. Created by Brookstone Law to help consumers deal directly with an institutional bureaucracy that is biased against them, the EED is a unique service not offered by any other firm that gives homeowners facing foreclosure a fighting chance to keep their homes. Brookstone Laws EED attorneys and specialists are experienced in working directly with banks and extensively trained to help homeowners achieve postponements.

Brookstone Laws legal team researches all available options to assist homeowners extend their sale date while they are in the process of litigation, bankruptcy or short sale. Fees are contingent upon success of the service, which means consumers pay only if the sale can be postponed or stopped. Homeowners facing foreclosure like the Sacchis are using the EED to help keep their homes. The process typically takes several hours per client and many cases require as much as a full day to get results since a majority of EED activity is spent by the Firms lawyers and experts in foreclosure law and litigation dealing directly and negotiating with banks and lenders.

“We will not hesitate to go to court if necessary to get the results we need, which is where our team of legal experts and attorneys is of greatest value to homeowners seeking relief, said Vito Torchia, Jr. Our EED legal team and specialists are to be commended once again for doing such great work on behalf of a deserving couple.

About Brookstone Law, PC

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

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