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

According to United Law Group, the ambiguous language of SB 94 jeopardizes the rights of honest citizens to seek counsel in matters pertaining to foreclosure prevention and litigation. Authored by Senator Ron S. Calderon, chairman of the banking finance and insurance committee, this bill claims to protect consumers from being taken advantage of by predatory loan modification companies and others. In practice, SB 94 will unfairly penalize minorities and the underprivileged, who not only have a constitutional right to representation, but need it in order to deal with seasoned, professional bank negotiators says the group.

The people behind the bill claim that it protects Americans who are working hard to achieve the American dream

Unfortunately, while SB 94 comes out strongly against unscrupulous businesses, it also attacks the very people whose job it is to represent our citizens. Unless it is stopped, this bill will force ordinary citizens to represent themselves during the complex foreclosure process. The result: more foreclosures and more homeless Americans.

Supporters of the bill claim that Obama's administration put plans in place to help and that modification scam artists are diverting consumer attention from legitimate sources of assistance

The reality is that the government programs have done little to provide real solutions to honest citizens.

Enabling homeowners to retain experts to negotiate loan modifications is not in the best interest of the banks

These institutions prefer dealing directly with consumers who lack the knowledge of the law and skills to negotiate with trained professionals because it gives them the upper hand in the negotiations. SB 94 sets people up to suffer at the hand of predatory banking practices.

Irvine, CA (Vocus/PRWEB ) May 12, 2009 -- United Law Group, the leading provider of legal foreclosure prevention and foreclosure litigation services issued a statement today against SB 94 stating that the bill threatens the very rights it claims to protect. Authored by Senator Ron Calderon to prevent unethical loan modification companies from charging an upfront fee for services, the bill includes language that would prevent citizens from obtaining legal representation for foreclosure prevention and during foreclosure litigation proceedings.

"The people behind the bill claim that it protects Americans who are working hard to achieve the American dream," said Sean Rutledge, Managing Director for United Law Group. "Unfortunately, while SB 94 comes out strongly against unscrupulous businesses, it also attacks the very people whose job it is to represent our citizens. Unless it is stopped, this bill will force ordinary citizens to represent themselves during the complex foreclosure process. The result: more foreclosures and more homeless Americans."

"Supporters of the bill claim that Obama's administration put plans in place to help and that modification scam artists are diverting consumer attention from legitimate sources of assistance," said Richard Stinstrom, Senior Litigation Attorney for United Law Group. "The reality is that the government programs have done little to provide real solutions to honest citizens."

In an article on ML-Implode.com, feature columnist Martin Andelman reported that roughly seven months into the Homeowner's HOPE™ Hotline HUD just one mortgage had been modified.

Legal foreclosure prevention services, on the other hand, offer a genuine service to the consumer according to the group. These services also pose a significant threat to banks. United Law Group helped over 500 families since 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 5.875%.

"Enabling homeowners to retain experts to negotiate loan modifications is not in the best interest of the banks," said Stinstrom. "These institutions prefer dealing directly with consumers who lack the knowledge of the law and skills to negotiate with trained professionals because it gives them the upper hand in the negotiations. SB 94 sets people up to suffer at the hand of predatory banking practices."

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

About United Law Group:
United Law Group is a national law firm with offices in California, New York, Florida, Ohio, Nevada & Arizona. It is the largest foreclosure prevention and litigation firm in the country with attorneys licensed in every state. Dedicated to helping homeowners facing hardships to keep their houses, United Law Group uses legal channels to compel banks to modify adjustable-rate to fixed-rate mortgages, reduce principal and interest, and create other fair solutions between the lender and borrower.

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

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