Tag Archives: Protect

Senate Bill 94 Threatens Citizens’ Rights Even While It Claims to Protect Them

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Irvine, CA (Vocus) Might 12, 2009

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

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

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

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

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

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

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

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About United Law Group:&#13

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

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

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69% of Working Americans Fail to Protect Their Paycheck Disability Awareness Month Ends, But Monetary Planner William Pitney Reminds Workers About Paycheck Protection

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Foster City, CA (PRWEB) May 31, 2013

Might is Disability Insurance coverage Awareness Month (DIAM) and is an excellent time for US households to get a disability check up. William Pitney, Certified Economic Planner skilled of FocusYOU says, As DIAM ends, its never too late to take stock of your disability requirements. He adds, Also many workers underestimate their chances of disability as effectively as the significance of disability earnings protection.

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According to the Council for Disability Awareness (CDA) disability counter, a lot more than 1,857,798 American workers have knowledgeable a disabling illness or injury considering that the begin of the year. Thats a staggering number and increasing, states Pitney. At that rate, Americans will endure more than four.five million disabilities in 2013. Envision if those numbers included you, Pitney continues, What would take place to the typical middle class household if 1 of the breadwinners couldnt function to earn a paycheck due to the fact they have been sick or injured?

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The lost income can be devastating. For example, a 40-year-old earning $ 70,000 in the San Francisco Bay Area who suffers a permanent disability could drop much more than $ 1.7 million in future earnings.

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CDA reports that one hundred,000,000 workers do not have any private disability insurance. CDA additional reports that 74% of staff are not financially ready to survive an illness or injury that benefits in a loss of income.

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The LIFE Foundation (LIFE) discovered that 60% of Americans are concerned about becoming in a position to support themselves financially if they have been unable to work. In addition, 25% of households would endure instant economic setbacks if the breadwinner became disabled and couldnt operate.

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These statistics are alarming, but even worse, far more than 50% of workers believe they dont need to have disability insurance, Pitney asserts. Too a lot of operating Americans mistakenly think a government plan, Workers Compensation or employer covers them provided insurance coverage.

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The Social Security Administration denies 45% of workers who apply for disability advantages. When authorized, workers receive an average disability benefit of a small more than $ 1,100 month-to-month. This quantity is hardly sufficient to make ends meet for the majority of Bay Location Households, claims Pitney.

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Only a handful of states supply brief-term disability insurance coverage programs, such as California. These programs normally spend advantages for up to six months.

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Workers Compensation covers operate-connected disabilities only. However, the National Security Council, reports that 73% of disabilities are not operate-related.

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The Division of Labor also reports that 70% of employers do not offer you any variety of extended-term disability protection to their personnel. Pitney urges all personnel, Discover out if your employer delivers disability coverage. If it does, take time to find out how it functions and if the coverage is adequate to meet your demands.

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For workers and households that need to have a small support understanding what they need to have and what disability income sources are available to them, Pitney encourages them to function with a CFP