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Securities Law Firm of Tramont Guerra Nunez, PA Comments on Recent Developments for Ambac Financial Group

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Coral Gables, FL (Vocus) November 10, 2010

The Securities Law Firm of Tramont Guerra & Nunez, P.A. (TGN) comments on the Ambac Financial Group announcement of the Chapter 11 bankruptcy filing on November 9, 2010. Ambac Financial Group reported in its SEC Form 8-K filing on November 1, 2010, that it was unable to raise additional capital as an alternative to seeking bankruptcy protection.” The SEC filing further disclosed that the Company had total indebtedness on June 30, 2010 of $ 1,622 million and that a filing for bankruptcy protection would accelerate the maturity of all of the Companys indebtedness. Ambac Financial Groups primary subsidiary, Ambac Assurance Corp, issued insurance policies on bond offerings which guaranteed bondholders from loss from any default in interest and principal payments. The bond guarantees were initially issued for bonds in the municipal bond market. The growth in the securitization of the mortgage backed securities led Ambac Financial Group through its subsidiaries to issue guarantees on complex mortgage-related investment vehicles, including collateralized debt obligations (CDOs). During the housing market decline, mortgage defaults resulted in claims against the bond insurer. According to the SEC filings, a significant issue in the bankruptcy proceedings will be the Companys estimated $ 7.0 billion net operating loss (NOL) tax carry forward which represents a potential asset for any reorganization plan. TGN urges investors in Ambac Financial Group stock should consider what recourse is available to recover their investment losses in stock held in full-service brokerage accounts. The Financial Industry Regulatory Authority, (FINRA) is a self regulating organization with sales practice rules and regulations that govern the securities industrys conduct and safeguard the investing public. For investors who accumulated shares in Ambac Financial Group, the recent developments represent a significant loss in income and investment.

According to TGN, many investors in Ambac Financial Group stock represented a long term holding acquired through investment, inheritance or as an employee of the company. Full-service brokerage firms are obligated to give, and investors are entitled to rely upon, brokerage firms for competent, suitable investment advice concerning risk management strategies for concentrated stock positions. Brokerage firms are required to supervise the activities in brokerage accounts, losses may be attributed to the failure to adequately supervise the stockbroker and the brokerage account Recommendations of unsuitable investments and/or maintaining unprotected concentrated stock positions are both causes of action that may be available to investors against their full-service brokerage firm in an individual securities arbitration claim filed with FINRA.

The Securities Law Firm of Tramont Guerra & Nunez, PA, is a nationally recognized, Martindale Hubbell AV rated securities law firm. To request a confidential consultation from a TGN attorney to determine whether you have a viable individual securities arbitration claim for investment losses that exceed $ 250,000 from a full service brokerage account, contact us on our website. To speak directly with an attorney, call (800) 578-0137 and ask for Ben Fernandez, Esquire.

Destination URL http://www.stockmarketlosslawyer.com/press-releases/ambac-financial-group-bankruptcy/

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The Regulation Offices of Lance Denha Comments on the Recent Jump in Foreclosure Activity

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(PRWEB) July 10, 2012

The housing marketplace has demonstrated some promising symptoms of late, but a new batch of foreclosures information provides a reminder that any restoration from the housing bust will very likely be gradual, spotty and agonizing. RealtyTrac described Thursday that foreclosures filings rose by nine % in Could from a thirty day period before, to 205,990 complete properties that ended up subject to default notices, scheduled auctions or financial institution repossessions. &#thirteen

The bounce in foreclosures exercise was probably since loan companies are last but not least obtaining to a backlog of homes they may well have started out foreclosing on previous year if they werent dealing with criticism for cutting corners and pushing foreclosures by way of too rapidly and without adequate controls, stated Daren Blomquist, vice president with RealtyTrac. He famous that the major increases came from properties that are just commencing the foreclosures procedure. The robo-signing scandal, in which foreclosures paperwork had been signed without house reviewing specific circumstances, prompted banks to keep back again on new foreclosures pending a settlement, as reported by ABC Information last yr.&#thirteen

Nonetheless, the figures for Might are down four p.c from a calendar year in the past. In addition, latest income information indicates that not all residences with foreclosures filings will end result in the financial institution taking the property. Based mostly on the increase in pre-foreclosure revenue weve observed so far this calendar year, a greater percentage of these new foreclosures starts will very likely conclude up as limited product sales or auction sales to 3rd events rather than bank repossessions heading ahead, Brandon Moore, RealtyTracs CEO, mentioned in a statement. Lance Denha, Esq., of The Legislation Places of work of Lance Denha cautioned nonetheless That even though these other instruments preclude the banks from getting direct possession of the residence, the stop end result is the homeowner is losing their house without subjecting the bank to the very scrutiny that resulted in their $ 26 Billion settlement with forty nine Point out Lawyer Generals just very last yr. House owners should comprehend that they have the capability and prospect to transform these sorts of non-judicial foreclosures into the judicial courts by way of filing wrongful foreclosures actions, temporary restraining orders, quiet title actions, and many others. need to they discover wrongdoing linked with their mortgage loan.&#13

Mr. Lance Denha more added that Many defenses can be made by the defendant (Property owner) to stop their financial institution from forcing a brief sale or auction as nicely as any repossession process by their lender. A securitization evaluation is one particular of the most strong tools available to a foreclosure defense company generating these situations hugely defensible if not winnable. Blomquist mentioned that some of these properties moving into the foreclosure method will nevertheless stop up becoming repossessed by the financial institution. In addition, the increase in foreclosures exercise that is envisioned, as financial institutions function by way of their backlog, could put a damper on housing costs when once more, at minimum in some components of the place. I really think the stabilization in house prices and residence revenue, in component, is a outcome of the foreclosure inventory becoming artificially restricted more than the earlier yr and a 50 %, he explained.&#13

It is hugely a good idea to look for legal skills to determine the best course of action moving forward in buy to gain an comprehending of the specific route very best suited for the client. The Legislation Offices of Lance Denha P.A. is fully commited to guarantee that every feasible avenue is pursed so that the homeowners authorized legal rights are preserved. Actively checking the ever altering landscape of foreclosures rules, current foreclosures throughout the nation as nicely as state imposed policies and processes related with foreclosure, is essential to ensure and safeguard these rights. The Regulation Workplaces of Lance Denha P.A. is a multistate regulation agency and aids lawfully protect wrongful foreclosures in opposition to house owners and make use of any and all authorized strategies offered to help complete preserving property owners legal rights. For even more information or support, you should contact at 954-840-0770.

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The Law Offices of Lance Denha Comments on the Current Leap in Foreclosures Exercise

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(PRWEB) August 07, 2012

The housing market place has proven some promising indications of late, but a refreshing batch of foreclosures info delivers a reminder that any recovery from the housing bust will very likely be gradual, spotty and unpleasant. RealtyTrac reported Thursday that foreclosure filings rose by nine % in Could from a month previously, to 205,990 overall qualities that ended up topic to default notices, scheduled auctions or bank repossessions.

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The jump in foreclosure exercise was most likely because lenders are ultimately receiving to a backlog of homes they may have started out foreclosing on final 12 months if they werent dealing with criticism for reducing corners and pushing foreclosures via also quickly and with no sufficient controls, stated Daren Blomquist, vice president with RealtyTrac. He famous that the significant boosts arrived from houses that are just commencing the foreclosures process. The robo-signing scandal, in which foreclosure documents were signed with no home reviewing personal instances, prompted financial institutions to hold back again on new foreclosures pending a settlement, as reported by ABC Information last yr.

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Even now, the figures for May possibly are down four % from a 12 months in the past. In addition, latest income info implies that not all homes with foreclosures filings will outcome in the lender getting the home. Primarily based on the rise in pre-foreclosures product sales weve observed so much this 12 months, a higher percentage of these new foreclosure begins will very likely conclude up as limited sales or auction sales to third events fairly than lender repossessions going forward, Brandon Moore, RealtyTracs CEO, mentioned in a assertion. Lance Denha, Esq., of The Legislation Places of work of Lance Denha cautioned, even so, That while these other devices preclude the financial institutions from using direct possession of the property, the end end result is the property owner is dropping their residence without subjecting the bank to the extremely scrutiny that resulted in their $ 26 Billion settlement with forty nine Condition Attorney Generals just very last year. Property owners should comprehend that they have the ability and opportunity to change these kinds of non-judicial foreclosures into the judicial courts through filing wrongful foreclosure actions, short term restraining orders, tranquil title actions, and so on. must they learn wrongdoing linked with their mortgage.

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Mr. Lance Denha additional extra that Numerous defenses can be created by the defendant (House owner) to stop their bank from forcing a limited sale or auction as properly as any repossession procedure by their lender. A securitization evaluation is 1 of the most potent equipment available to a foreclosure defense organization creating these cases highly defensible if not winnable. Blomquist observed that some of these homes coming into the foreclosures procedure will even now stop up becoming repossessed by the lender. In addition, the enhance in foreclosures action that is envisioned, as banking companies function via their backlog, could set a damper on housing costs after once again, at minimum in some components of the nation. I in fact think the stabilization in house rates and property sales, in element, is a result of the foreclosures stock becoming artificially limited over the earlier calendar year and a 50 percent, he explained.

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It is hugely a good idea to seek out legal experience to determine the ideal program of motion moving forward in buy to obtain an comprehending of the specific course ideal suited for the client. The Regulation Workplaces of Lance Denha P.A. is committed to ensure that every achievable avenue is pursed so that the property owners authorized legal rights are preserved. Actively checking the at any time altering landscape of foreclosure regulations, current foreclosures across the nation as well as point out imposed policies and procedures associated with foreclosure, is important to ensure and shield these legal rights. The Regulation Offices of Lance Denha P.A. is a multistate regulation organization and will help legally protect wrongful foreclosures from house owners and make use of any and all lawful tactics accessible to aid complete preserving house owners rights. For even more data or assistance, make sure you contact at 954-840-0770.

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