Brookstone Law PC Occupy protest against Wall Street banks could hurt Homeowners trying to save their homes

Newport Beach, CA (PRWeb) 9 November 2011

Despite their claims of victory, Occupy the Wall Street movement is a derivation of the importance of the national debate on how to help homeowners victimized by the exclusion crisis to save their homes, according to Vito Torchia Jr., managing attorney of Brookstone Law PC.

“While the nation see protesters chanting slogans and drums beating, thousands of homeowners hurt by the mismanagement of the banks desperately try their homes to save,” said Vito Torchia, Jr. “Because it appears that the federal government probably soon be a solution to the problem is that banks favor impose consumer fighting for their homes to save the people who control the media need to keep what happened with the banks’

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According

media coverage, to protest the protesters hammered on the windows of an Oakland Bank of America branch, use markers to write on the glass and blocked customers from using ATMs, the branch was closed.

“We want the Bank of America to be held accountable for their misdeeds in the exclusion crisis causes, but anything that generates sympathy for their work against consumers suffer as a result of the Bank’s misconduct,” said Vito Torchia, Jr. “If more attention paid to protesters, less paid to the banks and their role in the pain of millions of homeowners’

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Recent media coverage suggests a proposed settlement federal mandate that the banks would send a letter to a few million individual homeowners to offer to work with intermediaries in order to submit proposals for the determination of toxic mortgages could derail ongoing efforts by dozens of state attorneys general to resolve the problem and let thousands of homeowners in danger of losing their homes without a solution

“There are serious problems with the federal proposal, the most important is that the regulators about how they will determine how many lenders found to have been foreclosed on improperly compensated not released,” said Vito Torhia Jr.

According to recent media coverage regarding the fourteen administrators acting on behalf of the federal regulators began to mail letters to potential victims of unlawful exclusion practices borrowers to invite their business to submit for a free review by independent consultants appointed by the lenders fund, but vetted by regulators

“The program also funds a multi-million dollar national advertising campaign on behalf of the banks and it is not clear whether lenders will have the rights to further their claims to somehow compensate” Torchia says Vito Jr. “This program is clearly in favor of the banks as homeowners without expert legal assistance is a significant risk of not getting the help they need if this program is enacted.”

media coverage indicates that under the federal program, each related servicer is required to write a letter to mail to each client eligible for the review and about 70% of the potentially expected to receive letters still in their homes. The letters will go to homeowners who were negative in 2009 and 2010, a period identified by regulators as the peak of the negative misconduct. In addition to the mailings, an advertising campaign will soon begin to get word out to people potentially affected by the errors

“It is ironic that at the same time as the government helps the banks to the detriment of consumers, a protest movement supported by the same government succeed in closing the banks by consumers, if only for a day,” said Vito Torchia, Jr. “We would be happy to help the banks closed – but only after we help those who their homes due to the Bank’s blatant misconduct and mismanagement lost.”

According to media coverage, workers at Bank of America’s main office in Oakland is sent home early their safety, residents near the protesters had their lives negatively impacted and businesses have consistently been hurt by the presence of the protesters.

“The disease of small businesses, which the demonstrators to do damage to ordinary people they purport to represent,” said Vito Torchia, Jr.. “While protesters plan to further actions and continue public spaces overrun with tents, trash and daily reports of violence, the media focus on them instead of consumers at risk of wrongful foreclosures and their homes were lost”

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About Brookstone Law, PC

headquarters in Newport Beach, California, with offices in Los Angeles, California, and Ft. Lauderdale, Fla., Brookstone Law, PC is a law firm composed of attorneys with experience and success in business, corporate and personal finances, employment, entertainment and media, art and museum, intellectual property and real estate law. The firm has a network of more than 40 affiliate attorneys nationwide and highly trained specialists, paralegals, paramedics and administrative staff that he customers. For more information, call (800) 946-8655 or visit the Brookstone website Law.com http://www.brookstonelaw.com.

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Wall Street Fraud Watchdog Warns Investors About Economic Turmoil for 2011-12 & Says High Yield Real Estate Notes-Silver Should Beat the Street-with Specific Endorsements

(PRWEB) September 19, 2011

The Wall Street Fraud Watchdog is warning investors to not buy into the Wall Street hype related to the U.S. stock markets. The group is also more concerned than ever, that the divisive policies, or politics of President Obama, and his Administration are going to flat line the U.S. economy. They are also mortified with the Obama Administration’s inability to grasp the significance of Iran’s involvement in Middle East instability, and or how Iran becomes a game changer for the world, if they get a nuclear weapon. The group is warning the third quarter Wall Street numbers are going to be grim, they are certain U.S. unemployment will be north of 9.5% by mid December 2011, and they are deeply concerned that U.S. residential real estate valuations will decline another 10% in the next twelve months, because of increased unemployment, economic uncertainty, and no political will to stabilize the U.S. residential real estate markets. The group says, “We can’t figure out how on a week where you get the worst consumer confidence numbers in 30 years, a sitting U.S. President declaring class warfare on upper middle class wage earners, new notifications about massive layoffs, or foreclosures is good news for Wall Street? However, the market was up last week, and we think its time to get out of this market, into something safe, and inflation proof like silver, or something that will produce income, regardless of market conditions, such as high yield real estate notes, that are also high equity.” http://WallStreetFraudWatchdog.Com

In January 2011 the Wall Street Fraud Watchdog suggested silver was a smart play for investors. At that time silver was at about $ 28 per ounce. Today silver is at $ 40.50 per ounce. That’s an amazing ROI. The Wall Street Fraud Watchdog is now saying, “Given all the economic uncertainty created by the Obama Administration, combined with central banks printing presses, and with no meaningful U.S. leadership in the Middle East, we think silver is going north of $ 60. While we think gold still has upside, given global inflation realities, silver will deliver a better return on investment. However, we are warning all potential gold, or silver buyers to be extremely cautious about buying precious metals on the Internet, or from someone they do not know. The Chinese have gotten into gold, and silver coin counterfeiting in a major way, there is huge money in it for the bad guys, so we will start endorsing legitimate precious metals dealers, or brokers, investors can trust.” http://WallStreetFraudwatchdog.Com

The Wall Street Fraud Watchdog also says, “We also like private money real estate loans involving extremely conservative loan to value estimates. While gold, or silver are smart hedges against inflation, investors need income. We think high yield private money real estate loans can get yields between 8%, and 10%, provided the real estate is high equity, and of high quality. We will endorse specific private money real estate lenders, and or firms that specialize in high yield private money real estate investments, with the caveat we will do the due diligence, on a specific property, for a high net worth individual, who is willing to throw down a million dollars, or more, for an added layer of protection. We believe in win, win situations, and we think this is it. We would not trust Wall Street given all of the economic, or geopolitical uncertainties to produce 8% to 10% in the next 12 months, especially for someone stuck with a 401-K.” http://WallStreetFraudWatchdog.Com

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