Sherman Oaks, CA 91423-2426
22 January 2008 | Inactive (17 years, 3 months ago) |
---|---|
18 July 2004 | Discipline, probation; no actual susp. 00-O-12562 (20 years, 9 months ago) |
16 April 1995 | Public reproval with/duties 93-O-12815 (30 years ago) |
14 December 1994 | Public reproval with/duties 93-O-12815 (30 years, 4 months ago) |
6 May 1994 | Disciplinary charges filed in State Bar Court 93-O-12815 (31 years ago) |
11 January 1961 | Admitted to the State Bar of California (64 years, 4 months ago) |
July 10, 2004 SELWYN J. MONARCH [#31025], 73, of Sherman Oaks was suspended for 30 days, stayed, placed on one year of probation and was ordered to take the MPRE within one year. The order took effect July 10, 2004. Monarch stipulated that he failed to keep clients apprised of developments in three lawsuits he filed on their behalf.Monarch and a non-lawyer owned and operated a business called MP Realty Services, a company that audited adjustable interest rate loans for homeowners-borrowers. MP sent form letters to borrowers who had taken out home loans with lending institutions that included Fidelity Federal Bank and Downey Savings and Loan Association.In the form letter, MP offered to audit borrowers’ loan documents to determine if they were due a refund for overcharges. A number of borrowers signed an agreement authorizing MP to act as their agent and to hire an attorney, if necessary, to pursue claims against lenders.MP ultimately filed three breach of contract lawsuits, two against Fidelity and one against Downey, after the banks declined to settle claims for refunds. Judgment was granted against the borrowers in all three cases, and without their knowledge or authorization, MP filed appeals. The appeals failed and final judgments totaling $178,000 were entered against the borrowers.Monarch did not inform the borrowers about the judgments.He was publicly reproved in 1995. |