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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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Brookstone Law, PC, Bank Lending Practice Investigations Focus on Recent Bank of America Revelations

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Newport Beach, CA (PRWEB) December 13, 2010

Brookstone Law, PC, is expanding its civil litigation department and is involved in investigations of the cases throughout the nation where actions against consumers have exposed banks unlawful lending practices.

Among those investigations is support for the current high-profile foreclosure case in New Jersey in which a Bank of America spokesperson revealed the Banks unlawful administration of loan documents with subsidiary Countrywide Home Loans. The revelation potentially brings into question the ownership of millions of properties that could lead to Bank of America being liable for billions of dollars in inherited bad loans.

In testimony before the House Financial Services Committees hearings November 17 on Problems in Mortgage Servicing from Modification to Foreclosure, Georgetown University Law Center Professor Adam Levitin described the potentially devastating implications of the case by saying, If those legal issues are resolved differently, then there would be a failure of the transfer of mortgages into securitization trusts, which would cloud title to nearly every property in the United States and would create contract recession/putback liabilities in the trillions of dollars, greatly exceeding the capital of the USs major financial institutions.

The bungled defense by Bank of America in this case is another example of a trend of rulings against Banks based on a consistent lack of legal documentation in mortgage foreclosures, said Vito Torchia, Jr., managing attorney of Brookstone Law. This was a case where the witness told the truth and we all got a look behind the curtain. Unlawful documentation practices are only one of the many obstacles against consumers and it is important that these practices are coming to light. The fact that the revelation was by the Banks spokesperson gives it significant credibility, regardless of the Banks subsequent statements.

The case is In the Matter of John T. Kemp, Kemp v. Countrywide Home Loans Inc., 08-02448, U.S. bankruptcy Court for the District of New Jersey (Camden).

About Brookstone Law, PC

Based in Los Angeles, with offices in Newport Beach, CA, and Ft. Lauderdale, FL, Brookstone Law, PC, is a law firm comprised of attorneys with experience and success in business, corporate and personal finance, employment, entertainment & media, art & museum, intellectual property and real estate law. The firm has a network of more than 40 affiliate attorneys nationwide and employs highly trained specialists, paralegals, paraprofessionals and administrative staff dedicated to serving our clients. For information, call (800) 946-8655 or visit http://www.brookstone-law.com.

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Diamond Resorts Corporation Announces an Update Call to Discuss Recent Developments

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Las Vegas, NV (PRWEB) April 22, 2011

Diamond Resorts Corporation (the “Corporation”) will host a conference call for holders of its Senior Secured Notes on Wednesday, April 27, 2011, at 6:00 p.m. EST for the purpose of discussing the Corporation’s pending securitization transaction, the details of the recently confirmed Plan of Reorganization of Tempus Resorts International and how it will impact Tempus Acquisition, LLC (an affiliate of Diamond Resorts International

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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Mortgage loan Fraud Examiners Warns: Beware Of The Most recent Foreclosure Rescue Scam–Securitization Audits

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(PRWEB) March 27, 2012

With numerous home owners dealing with foreclosure and looking for help throughout The us, many worthless providers have cropped up with such guarantees as house loan elimination or other foreclosure techniques that in some situations are patently unlawful. 1 typically marketed support is a Securitization Audit.

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A amount of businesses have been pushing forensic financial loan audits, aka TILA/RESPA audits. Since knowledgeable lawyers and house owners identify these audits are essentially ineffective, the “wolves in sheep’s garments are now peddling, securitization audits.

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Mortgage loan Fraud Examiners Founder Storm Bradford points out: The intended explanation provided for a securitization audit is to establish the real proprietor of a promissory be aware. Allegedly, with this info, the home-owner can display a courtroom that the get together in fact foreclosing on a mortgage is not the actual notice operator.

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Nonetheless, securitization arguments like, show me the be aware, assignment, MERS, robo-signing, and so on, generally quantity to practically nothing a lot more than just stalling the inescapable–the house owner getting booted to the curb. None of these hopeless arguments alterations the important fact the Court docket in a judicial condition Must give aid and solution to the financial institution or assignee, simply because the borrower breached the agreement. And in a non-judicial states, the non-public trustee implements a personal sale to a buyer with out a judges involvement. No one ever seems at the troubles raised by the securitization audit. So only the uninformed would consider a securitization audit could be anything at all far more than worthless.

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Moreover, if home owners and their lawful counsel genuinely had doubts about who had the authorized proper to foreclose theyd file whats recognized as a interpleader motion listing absolutely everyone who might have a claim, deposit their mortgage payment with the Courtroom, and enable the creditors and assignees combat it out. Nonetheless you by no means see that, considering that defaulting house owners and their counsel truly dont treatment who has the correct to foreclose, so lengthy as its not THE lender foreclosing now. Its just about stalling, and lining the pockets of pretender defenders. http://www.veteranstoday.com/2012/03/21/mortgage loan-fraud-examiners-warns/

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As a consequence, knowing who owns your note is like knowing the earth speeds via the universe at 67,000 miles an hour, its generally worthless details. Nevertheless, as a courtesy to property owners they can get in touch with us and wed be a lot more than happy to display them how to acquire details about the owner of their observe for Free of charge.

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Gregory Bryl, a foreclosure protection attorney practising in Virginia and Florida, clarifies: most securitization audits that I have reviewed are inadmissible in a courtroom of legislation they include a mere impression of a layman with out private understanding (direct encounter) as to what happened with a distinct home loan observe after closing. Why spend a securitization auditor when you can have your grandmother provide an impression as to what happened with the notice and have her indication an audit report? In reality, in about 95% of all instances, the information equipped by a securitization audit is both presently publically available, or it is unavailable to possibly the home-owner or the auditor. Thus, in which a home-owner genuinely lacks this info, an outsiders opinion (in distinction to the financial institutions admission) is unlikely to assist.

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Thomas K. Plofchan, Jr., an legal professional in Sterling, Virginia, who employs the services of Home loan Fraud Examiners, adds: Ultimately, the only actual situation is no matter whether a correct lien has been developed with the residence as collateral. It is astonishing just how many legal problems, deal breaches, and frauds, can be uncovered by a meticulous assessment of the house loan transaction.

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Matter of fact, in two current instances we have been ready to recognize and create proof to display the deeds of believe in had been void. The end result for the house owners was acquiring their respective residences cost-free and obvious. So, its quite very clear, a comprehensive assessment of the mortgage agreement is the ONLY confirmed method to uncover proof that could influence the validity of the lien.

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Attorneys Bryl and Plofchan, like several lawyers are exposing securitization audits for what they are essentially worthless. http://www.nakedcapitalism.com/2011/05/new-homeowner-fraud-mortgage loan-securitization-audits.html and http://mattweidnerlaw.com/blog/?s=securitization+audits&ampsearch=Lookup&#thirteen

Bradford concludes: Undeniably, the only established procedure for a homeowner to obtain fiscal compensation or their residence free &amp distinct is by way of an in-depth analysis of the mortgage transaction, to recognize legal problems, contract breaches, tortious conduct, to consist of appraisal fraud and then attacking the mortgage dependent on these conclusions. Regrettably, every thing else is just wishful pondering or a scam. http://www.wvrecord.com/news/233771-quicken-financial loans-on-losing-end-of-three-million-predatorylending-

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Home loan Fraud Examiners is a venture of Lex Consulting, LLC, for in excess of thirty years, Lex Consulting has offered litigation support to lawyers, supporting them crack into new places of exercise, or providing specialised suggestions for complex situations necessitating novel ways to the regulation. Thanks to the housing crisis, Mortgage loan Fraud Examiners, a team of specially educated authorized specialists, was developed to provide borrowers and the authorized community with thorough support to assist them hold them in their homes.

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Mortgage Fraud Examiners&#thirteen

Mobile phone: 800-540- Test (3926)&#thirteen

http://www.mortgagefraudexaminers.com

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