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

Irvine, CA (Vocus) February 24, 2010

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

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

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

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

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

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

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

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

LawyersandSettlements.com Reports A 70 Percent Spike In Mortgage Complaints More than Final Year Lawsuits Alleging Bank Misconduct Continue To Be Filed


Santa Cruz, Calif. (PRWEB) October ten, 2012

While the aftermath of the sub-prime mortgage crisis has seen a quantity of massive U.S. banks defending themselves against charges of misconduct, new information reported by LawyersandSettlements.com indicates consumers are still getting impacted by the crisis. Mortgage-associated complaints submitted to the legal news site have continued to improve year-more than-year as readers continue to seek out legal aid in dealing with foreclosures and discriminatory lending practices.

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LawyersandSettlements.com has reported a 70 % jump in mortgage complaints from January through June 2012 compared with the identical period a year ago. In addition, mortgage complaints to the site have risen 114 percent so far this year vs. a comparable period 5 years ago, in 2007. Complaints are submitted to the legal news web site in order to seek legal aid.

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There are three main categories for which mortgage complaints to LawyersandSettlements.com continue to be submitted:

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1. Predatory and Discriminatory Mortgage Lending. One particular instance of a mortgage lawsuit involving discrimination was the current U.S. Division of Justice case involving Wells Fargo (United States v. Wells Fargo Bank, NA (D.D.C.)). The case was the second biggest fair lending settlement in the departments history. As part of the discriminatory lending settlement, Wells Fargo agreed to pay $ 175 million to settle allegations that it charged African-Americans and Hispanics greater costs and prices on mortgages than for Caucasian borrowers with similar credit profiles. Wells Fargo stated its intent to settle the mortgage lawsuit was to keep away from contested litigation, and that it treated all consumers fairly without regard to race or ethnicity. This, in spite of the massive numbers of discriminatory lending victims uncovered by a government investigation.

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In addition to racial discriminatory lending complaints, LawyersandSettlements.com has also received predatory lending complaints from seniors who allege they have been targeted with items ranging from mortgages with an introductory low price (that rises substantially later on), to reverse mortgages that eat up a homeowner’s equitysometimes without the homeowner fully realizing the correct supply of the nonetheless welcomed earnings.

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Wells Fargo was the target of a reverse mortgage lawsuit final year in Chandler v. Wells Fargo &amp Co., Case No. 11-cv-03831, U.S. District Court, Northern District of California (San Francisco). The mortgage lawsuit, which was filed as a class action, is nevertheless pending. It accuses Wells Fargo of disregarding federal rules on reverse mortgages and forcing homeowners into foreclosure instead of giving heirs a likelihood to buy the residences.

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2. Foreclosures. Foreclosure complaints comprise the second category contributing to the rise in mortgage-related complaints submitted at LawyersandSettlements.com. A single foreclosure lawsuit recently filed by Jay Fenello of Woodstock, Georgia (Fenello v. Bank of America, Case No. 1:11-cv-04139-WSD, U.S. District Court, Northern Division, Georgia) alleges Bank of America has been acting in violation of the terms for foreclosure procedure set forth in U.S. et al v. Bank of America Corp., et al (Case No. 1:12-cv-00361-RMC, U.S. District Court, D.C.). In the filing, Fenello’s allegations center on attempts made by Bank of America to foreclose on his home whilst engaging in illegal and unethical practices, including misrepresenting eligibility criteria for loan modifications.

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3. Investment Loss Stemming from Mortgage-backed Securities. The failure of mortgage-backed securities stemming from the sub-prime mortgage meltdown of a couple of years ago has left numerous investors with substantial losses right after becoming advised that such securities have been low-, or even no-danger investments. In re Lehman Brothers Mortgage-based Securities Litigation, Case No. 08-CV-6762, U.S. District Court, Southern District of New York, plaintiffs in the class action lawsuit have been awarded $ 40 million in damages. LawyersandSettlements.com continues to obtain complaints with regards to mortgage-backed safety monetary losses from its readership.

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About LawyersandSettlements.com&#13

LawyersandSettlements.com provides extensive legal news and crucial info for these impacted by as soon as-in-a-lifetime circumstances involving health-related device lawsuits, individual injury, defective products, California overtime and labor problems or a host of other people. Readers seeking legal assist can request it by completing a form which is distributed to attorneys specializing in these instances. Trial attorneys utilize the internet site to hold abreast of hot legal troubles and settlements as properly as connect with potential customers.

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About On the internet Legal Media&#13

On-line Legal Media owns and operates internet sites delivering information for the basic public and the legal neighborhood. LawyersandSettlements.com, founded in 2001, is an on the web legal news publication with over 2.5 million visitors annually and hundreds of thousands of requests for lawyer assist from its readership. OnlineLegalMarketing.com serves as a portal for trial attorneys to network and to market their firms to other attorneys and legal experts. HealthEffectsOfAsbestos.com gives up-to-date resources and news for those suffering from asbestos exposure and mesothelioma. On the internet Legal Media is primarily based in Santa Cruz, California.

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