Whilst HAMP and Other Programs Fail the Law Firm United Law Group Continues to Aid Property owners by Pursuing Legal Channels


Irvine, California (PRWEB) May 25, 2010

United Law Group right now announced that they have helped over 5,500 property owners to date. The law firm continues to help property owners get final results on circumstances with their residence loans, such as permanent modifications, trial modifications, forebearances, and several extensions on sale dates. This national law firm uses every available legal channel to help the households and men and women it serves.

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Juan Loera of Camino Island, WA, is a single of thousands of property owners helped. This common contractor ran a multi-million-dollar company just before the financial downturn. His loved ones residence, which he bought over 12 years ago on a fixed loan, was threatened when his business and his income have been lowered to practically nothing. He turned to United Law Group so that he, his wife, and his 3 youngsters wouldnt lose that home.

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The firm fought the banks for over a year on our behalf, stated Loera. Thanks to United Law Group, our payment of $ two,796.84 was reduced to $ 1,705.17. My wife went back to function and Ive worked on smaller projects lately. That savings of $ 1,092 per month will enable us to remain in our residence.

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John Rubens and Lucia Garcia-Rubens found themselves in a similar predicament. Possessing utilized their savings and credit cards to survive, the couple contacted United Law Group to aid the save their property from foreclosure.

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Our payment was scheduled to reset inside the subsequent year and we desperately required assist, stated Mr. Rubens. The banks produced it not possible to perform with them directly. When you go against Goliath, you need somebody with shields and weapons on your side. The staff at United Law Group gave us hope and helped us when we didnt consider anybody could.

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Garcia Ware retained United Law Group in February of 2009. Hed been laid off and the value of his home had plummeted.

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United Law Group worked for an whole year to get me a loan modification, stated Mr. Ware. Without the knowledge, skill and persistence of our legal group I dont know exactly where wed be.

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These stories are not unique, stated United Law Group Managing Director Robert Buscho. There are thousands much more homeowners just like them who have come to our firm when the banks abandoned the promises they made to the American men and women.

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This news comes at a time when the United States Government has stated that the Home Affordable Modification Program (HAMP) has failed. On February 25, 2010, Ranking Members of the U.S. House of Representatives Committee on Oversight and Government Reform Darrell Issa (CA-49) and Jim Jordan (OH-four) published a report titled: The Treasury Departments Mortgage Modification Applications: A Failure Prolonging the Financial Crisis. The report tracks the history of the Obama Administrations foreclosure mitigation programs, focusing on the Home Reasonably priced Modification Plan (HAMP).

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Calling federally-imposed mortgage modifications a questionable use of taxpayer sources the report focuses on HAMPs failure to assist anyplace near the 3-4 million distressed home owners to whom the Administration promised aid

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The executive summary of the report asserts that, HAMP has failed HAMP may really hurt far more property owners than it helps and even a lot more distressing, Treasury is trying to hide the failure of HAMP, stated Mr. Buscho. When a system of this size fails it calls into questions the policies and practices of the monetary institutions that benefitted financially by pledging compliance with the terms that would assist distressed property owners.

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HAMP was tasked with helping 3 to four million property owners stay away from foreclosure in March of 2009. Numbers reported at the end of January 2010 show that the program helped significantly less than three% of home owners it was told to support. Further numbers are not accessible since the Treasury stopped reporting a important number in January, which means the public can no longer calculate the applications accomplishment or failure price.

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Since of the intense resistance from banks to provide true solutions, United Law Group continues to file suits against banks, including many higher profile instances against Bank of America and its subsidiary Countrywide House Loans, JP Morgan Chase, and others, stated Buscho. When a client retains United Law Group we pledge to pursue every single feasible legal channel to come to their aid. We honor that pledge and the proof is in the quantity of property owners who have received assist from our firm.

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About United Law Group&#13

United Law Group represents shoppers in complicated litigation regarding abusive banking practices, breaches of contract and violations of state and federal laws. United Law Group also litigates cases involving bankruptcy, IRS settlements and debt settlements in state and federal courts across the nation. Employing a group of leading-notch attorneys, United Law Group leverages leading-edge technology to manage instances, assistance investigative efforts and make sure accurate, frequent communication with its clientele. The firm is presently forming numerous class action lawsuits.

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