United Law Group clients continue to benefit from the firm’s ongoing litigation efforts. Dr. Vanessa Taylor of Norco received a permanent loan modification that reduced the rate from 9.5% to 4.98% for her disabled, aged parents who found themselves in a predatory loan. This will save the couple $288,600 over the 26-year life of the loan. Dr. Taylor’s ARM which was over 8% is now set at 4.9% rate.
Irvine, California (Vocus/PRWEB ) February 26, 2010 -- United Law Group’s litigation efforts continue to yield strong results for existing clients. Today the firm announced that Dr. Vanessa Taylor of Norco, CA obtained loan modifications for herself and her parents after the firm notified the lenders of its intent to file suit in the Riverside County Superior Court. These modifications cut $3,347 and $925 off their monthly mortgage payments.
Having taken on fiscal responsibility for her disabled, aged parents, Dr. Taylor grew concerned when she noted that their 1,000 square foot Garden Grove home had been valued in excess $600,000 at the time the note was written and that the interest rate on the loan was 9.5%.
“Dr. Taylor came to United Law Group to help her to save her parent’s home and renegotiate the terms on her adjustable rate mortgage,” said United Law Group Managing Director Robert Buscho. “After reviewing the files, United Law Group communicated its intent to file suit on her behalf.”
“Dr. Taylor’s parents are disabled senior citizens. They were in a predatory loan with a ridiculous interest rate of 9.5%,” said Mr. Stephen Broadhead, the CFO and spokesperson for Dr. Taylor. “Dr. Taylor’s loan wasn’t much better at over 8% with future adjustments on the horizon. The team we worked with from United Law Group did a phenomenal job. They got the bank to reduce the rates to 4.98% and 4.9% respectively.”
As CFO of her Chino Hills medical practice Mr. Broadhead stepped in to help Dr. Taylor navigate this process. He worked closely with United Law Group to help Dr. Taylor to secure better terms on both notes.
“The team we worked with from United Law Group were responsive and effective,” said Mr. Broadhead. “I worked directly with the attorney and negotiator and was impressed with their professionalism.”
"President Barack Obama has been outspoken on the importance of providing relief to homeowners," said Buscho. "Helping people like Dr. Taylor and her parents makes what we do worthwhile."
United Law Group litigates cases involving violations of state and Federal laws. In addition to its litigation efforts, United Law Group represents consumers in cases involving debt settlement, IRS settlement, auto loan payment relief, breaches of contract and violations of state and federal laws. They have several class action lawsuits pending against major lenders.
About United Law Group
United Law Group is a national law firm with offices in California, New York, Florida, Ohio, Nevada & Arizona. The firm 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 forming class action lawsuits in cases where order to provide the best legal counsel to individuals who might not be able to resolve their issues without representation.
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[Via Legal / Law]