We are doing everything legally possible to help our clients.
Irvine, CA (Vocus) March 12, 2010
United Law Group's senior managing attorney Robert Buscho commented on the recent investigation of alleged loan modification fraud. Served with a federal search warrant, the firm welcomed members of a joint task force to its offices on Thursday morning.
“United Law Group has nothing to hide,” stated Buscho. “Our cases are well documented and recorded. We are confident that this investigation will prove that our firm has acted in the best interests of all of our clients and are hopeful that it will shed light on the truth of what the banks are doing to the American public.”
Prior to the passage of SB 94 the firm represented homeowners in litigation and negotiation efforts with mortgage lenders and servicers. The firm no longer accepts advance fees and has stopped accepting loan modification clients in compliance with the law. Unlike some firms that closed their doors after the passage of SB 94, United Law Group continues to service its existing clients for no additional fees.
“We feel passionately about helping people and stand by our existing clients,” said Buscho. “We are doing everything legally possible to help our clients.”
United Law Group filed six separate extensions to stop foreclosure proceedings against one client who retained the firm over a year ago. The firm received word last month that the client was offered a trial modification. Another single father waited over 11 months while the firm negotiated on his behalf. The trial modification offer came while he was working overseas and the firm got the bank to honor the modification offer one month after it expired. The firm has countless stories just like these.
Maintaining that it is the banks that ultimately benefit when legitimate law firms are targeted, United Law Group cites HAMP statistics as evidence that the banks are actually at fault for non-compliance.
“Two years ago the people of this country were led to believe that the banks were going help to resolve this crisis,” said Buscho.
At that time, President Barack Obama’s Home Affordable Mortgage Program (HAMP) gave $42 billion of TARP money to banks with a goal of modifying four million mortgages. According to an article published in December 2009, there were only 650,994 trial modifications offered and 1,911 – 0.047% of the 4,000,000 targeted – permanent modifications completed by the banks.
"The numbers don’t lie,” said Buscho. “We’ve taken the stance of David against the collective Goliath that is the banking industry because we believe that someone has to stand up to those giants and fight for the rights of the individual. We believe that the results of this investigation will prove once and for all that United Law Group is here to stay and here to help individuals and families who were let down by the banks’ empty promises.”
About United Law Group
United Law Group represents consumers in complex litigation concerning 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 team of top-notch attorneys, United Law Group leverages leading-edge technology to manage cases, support investigative efforts and ensure accurate, frequent communication with its clients. The firm is currently forming several class action lawsuits.
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