Tag Archives: Foreclosure

Kramer Law: Experts Look to Latest Florida Foreclosure Cases as Examples of Homeowner Justice

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Calabasas, CA (PRWEB) Might 01, 2011

Florida, Florida, Florida! was Tim Russerts well-known quote about that most telling state in the 2000 Presidential election. Eleven years later, Florida seems to be the focal point once again only this time it entails the mortgage crisis. State and appellate courts in Florida, fed up with what they have stated is lender misbehavior and sloppy and at times fraudulent paperwork, are routinely dismissing circumstances against homeowners who have fallen behind in their payments and are facing foreclosure.

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One particular Miami-Dade County Circuit Judge, Maxine Cohen Lando, was so upset at the way a nearby law firm representing lenders came into her court with suspect paperwork that she awarded a homeowner title in the disputed house cost-free and clear and barred the lender from refilling the foreclosure.

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When asked to comment on this, noted attorney Philip Kramer of the law firm Kramer &amp Kaslow observed, This doesnt surprise me. Lenders are virtually with out exception careless in their paperwork. In my knowledge there is a line amongst carelessness and outright fraud which several lenders feel they can cross with impunity.

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The query now is whether or not the Florida predicament spreads to the rest of the nation or remains a regional phenomenon. Time will tell, but Philip Kramer feels that Florida is a harbinger of factors to come. According to Kramer, It utilized to be that judges just assumed the lenders knew what they were doing and that their paperwork was sound. As courts began to look a lot more closely at the lenders behavior, it became increasingly clear that factors were amiss. I would not be shocked at all to locate other states courts taking similar positions.

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As Congress grapples with legislation, as all fifty states Attorneys Generals pursue a lawsuit against the banks, and as hundreds and soon to be thousands of property owners in difficulty pursue justice via the court technique, a single point is clear the way banks do company is going to change.

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Philip Kramer, who is representing hundreds of aggrieved property owners in mass joinder instances, feels this can only be a very good issue ultimately. For the longest time, Kramer observes, My consumers have been lone voices crying out in the wilderness. No one believed what they had been saying could possibly be correct. Now, it is becoming clearer and clearer that if anything, they had been understating the problem.

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Whether or not Florida leads the nation as soon as once more remains to be seen. 1 factor is clear: lenders are no longer going to be in a position to stroll into court, claim that their paperwork is in order, and count on to be believed. It appears much more and much more probably that aggrieved homeowners are going to have a fighting chance against the banking giants.

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http://www.palmbeachpost.com/income/foreclosures/foreclosure-crisis-fed-up-judges-crack-down-disorder-1369862.html

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ABOUT PHILIP KRAMER&#13

PHILIP A. KRAMER is the senior partner of the Law Office of Kramer &amp Kaslow, in Calabasas, California. Kramer &amp Kaslow is Martindale Hubbell AV rated. Mr. Kramer is a perennial recipient of the prestigious Southern California Super Lawyer award.

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Mr. Kramer received his undergraduate degree from Ohio State University and his Juris Doctorate from the Catholic University of America, in Washington, DC. His practice emphasizes industrial litigation and trial advocacy, with a concentration on company litigation, and true home matters. He has prosecuted and defended circumstances for more than twenty 5 years.

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Mr. Kramer is a licensed real estate broker and has spent considerable time providing legal services in connection with genuine estate concerns relating to loan modification and loss mitigation, land use and zoning, environmental problems, easements, building and development, finance, and landlord tenant matters.

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Mr. Kramer is admitted to practice just before all courts in the State of California, the United States Supreme Court and the United States Court of Military Appeals. Mr. Kramer has tried in excess of 200 situations. He has appeared on nationally televised applications with regards to pre-trial process and trial method and has appeared as a guest lecturer on topics ranging from constitutional law to trial practice, and Mr. Kramer frequently lectures on a broad spectrum of various legal and enterprise issues.

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Mr. Kramer also serves as a Judge Pro Tem for the Los Angeles Superior Court and as a Mediator.

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Mr. Kramer is also a past president of the Los Angeles West Inns of Court, a national organization committed to bringing professionalism and civility back into the legal profession. He also serves on several Boards of Directors and serves as an officer in a lot of companies. For much more info get in touch with (818) 224-3900 or check out http://kramer-kaslow.com

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Kramer-Kaslow: U.S. Foreclosure Procedures Could Lead to More Bank Accountability

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Calabasas, California (PRWEB) May possibly 02, 2011

According to the New York Times, many of the nations prime mortgage servicers are acquiring prepared to sign agreements with regulatory officials to reform the way they deal with foreclosure procedures.

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According to the article, sources who asked not to be named due to the fact the talks among the servicers and regulators are confidential, say there will be substantive adjustments to the ways banks and servicers do enterprise going forward. Homeowners will have a single get in touch with point rather than becoming shuttled back and forth amongst random servicing staff, bank and servicing personnel will acquire a lot more training, and oversight of the lenders and servicers will be assigned to third parties in all likelihood this will be performed by law firms. In addition, servicers will agree to halt foreclosure proceedings while loan modification discussions are ongoing. Yet another component of the agreement ostensibly provides for a compensation pool for folks who have been wronged.

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Lawyer Philip Kramer of the law firm of Kramer &amp Kaslow feels the alterations are lengthy overdue. Lenders have been abusing property owners for years, Kramer says when contacted for a comment. What I see right here is banks agreeing to a bare minimum standard, one thing that ought to have been in location all along. The agreement doesnt begin to rectify the enormous wrongs that have been perpetrated. And these wrongs took spot more than a lengthy period of time. This strikes me as an try to stay away from responsibility rather than accepting responsibility.

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Philip Kramer applauds the new rules but nevertheless feels that this is the bare minimum banks must have been undertaking all along. When the pressures on, people have a tendency to see the light, says Kramer. I have observed a lot of jailhouse conversions in my time. And thats what this feels like to me. The compensation system is probably to be entirely insufficient. My guess is that the banks are trying to get ahead of the Attorneys Generals and the civil law suits that are generating their way via the system.

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According to Kramer, the proposed settlement agreement would be with bank regulators. He says the fifty Attorneys General, representing all the states in the union, are also conducting their own discussions with lenders and recently met at the Justice Division. Lenders appear to be positioning themselves to accept new regulations covering their activities even as they attempt to cut a separate deal with the Attorneys Generals and the Justice Department, says Kramer.

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Philip Kramer feels that the banks have ultimately begun to acknowledge what he calls their outrageous conduct. Theyve recognized that what they have carried out is not going to be swept below the carpet, says Kramer. The American public has finally woken up to the egregious nature of the banks behavior. The banks get that. There is a lot of wrongdoing to be undone here. Frankly, what were seeing now strikes me as too little, too late.

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http://www.nytimes.com/2011/04/06/company/06mortgage.html?_r=1&ampref=business&#13
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ABOUT PHILIP KRAMER&#13

PHILIP A. KRAMER is the senior companion of the Law Office of Kramer &amp Kaslow, in Calabasas, California. Kramer &amp Kaslow is Martindale Hubbell AV rated. Mr. Kramer is a perennial recipient of the prestigious Southern California Super Lawyer award.

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Mr. Kramer received his undergraduate degree from Ohio State University and his Juris Doctorate from the Catholic University of America, in Washington, DC. His practice emphasizes commercial litigation and trial advocacy, with a concentration on business litigation, and true property matters. He has prosecuted and defended situations for over twenty 5 years.

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Mr. Kramer is a licensed real estate broker and has spent considerable time offering legal solutions in connection with genuine estate troubles relating to loan modification and loss mitigation, land use and zoning, environmental concerns, easements, building and improvement, finance, and landlord tenant matters.

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Mr. Kramer is admitted to practice prior to all courts in the State of California, the United States Supreme Court and the United States Court of Military Appeals. Mr. Kramer has tried in excess of 200 cases. He has appeared on nationally televised applications with regards to pre-trial procedure and trial method and has appeared as a guest lecturer on topics ranging from constitutional law to trial practice, and Mr. Kramer often lectures on a broad spectrum of numerous legal and company issues.

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Mr. Kramer also serves as a Judge Pro Tem for the Los Angeles Superior Court and as a Mediator.

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Mr. Kramer is also a past president of the Los Angeles West Inns of Court, a national organization dedicated to bringing professionalism and civility back into the legal profession. He also serves on numerous Boards of Directors and serves as an officer in several companies. For a lot more details call (818) 224-3900 or pay a visit to http://kramer-kaslow.com

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New Website Offers Free of charge Access to Foreclosure Listings

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Boston, MA (PRWEB) April 25, 2012

The foreclosure crisis has produced an incredible chance for homebuyers and real estate investors to choose up homes at a fraction of what they sold for a handful of years ago. However, locating these properties and sourcing the greatest discounts has been incredibly challenging.

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A plethora of new or returning genuine estate agents with small experience with foreclosures and new sites popping up which demanding ridiculous membership or access charges, have restricted numbers of foreclosure listings, out-dated information and provide incredibly limited info have created it both pricey and frustrating for interested buyers.

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That is now all a factor of the previous, thanks to the launch of a committed cost-free foreclosure listing search engine. This free foreclosure listings site doesnt tease buyers with trial periods and demands no credit card details to search its quickly increasing database of more than one hundred,000 foreclosure properties.

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Located at WatchForeclosure.com, this potent new and considerably required source of totally free foreclosure listings boasts access to an enormous amount of distressed and discounted properties from all over the United States. Bank owned properties, foreclosed homes and REOs, HUD houses and government foreclosures, short sales and even pre-foreclosure auction properties can all be discovered without jumping by means of any hoops. Family residences, waterfront estates and high finish condos in the nations favored hot spots at bargain costs are all now just a click away.

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The new website is packed with characteristics that make evaluating possible house purchases and investments less complicated than ever ahead of. Hone in on hot searches, like more than three,284 foreclosure listings for below $ 10,000, get free of charge immediate access to the sellers speak to information and find out all the information you need to have to make a choice in 1 location. Search benefits bring up tax data, supply preceding sales costs and are integrated with Zillow for existing home value estimates and Google maps for street views. Plus of course customers will discover mortgage calculators, getting tips and information on the foreclosure processes in every single state to make investing further afield simpler.

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Two excellent examples of foreclosure listings found on the web site at the time of this release are 4 bedroom bank owned home in southwest Florida listed for just $ 244,900, which previously sold for $ 827,000 and now valued at least $ 311,000 according to Zillow and a Fannie Mae REO boasting 6 bedrooms, over five,000 square feet and 70 feet of waterfront for just $ 67,000.

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Among the recent giant mortgage settlements bring much more loan modifications, lenders locating new methods to address delinquent loans from principal reductions to converting them to rentals and the hot competition more than discounted properties time might surely be running out for capitalizing on the present window of chance in the U.S. housing market. Although for now, WatchForeclosure.com gives folks and households access to big discounts, although providing tons of options for active true estate investors.

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About WatchForeclosure.com

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The watchforeclosure.com is 1 of the countrys leading foreclosure listing web sites. They offer free extensive details on foreclosed homes, bank owned properties, HUD and government foreclosures, quick sales and pre-foreclosure auctions.

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Kramer and Kaslow: RealtyTrac Releases New Home Foreclosure Information

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Calabasas, CA (PRWEB) June 08, 2011

According to information recently published by the information collection service RealtyTrac, (http://www.realtytrac.com/content material/press-releases/foreclosure-activity-at-40-month-low-6578), property foreclosure activity has fallen to a 40 month low. Foreclosure activity decreased on an annual basis for the seventh straight month in April, bringing foreclosure activity to a 40-month low, said James J. Saccacio, chief executive officer of RealtyTrac. This slowdown continues to be largely the result of massive delays in processing foreclosures rather than the result of a housing recovery that is lifting people out of foreclosure.

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In the same article, RealtyTrac is additional reporting that the typical length of time between a homeowner falling behind in their payments and a foreclosure getting filed has improved substantially, Nationwide, foreclosures completed (REOs) in the 1st quarter of 2011 took an typical of 400 days from the initial default notice to the REO, up from 340 days in the very first quarter of 2010 and a lot more than double the typical 151 days it took to foreclose in the initial quarter of 2007.

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Philip Kramer, a perennial recipient of the Southern California Super Lawyer award and senior companion at the law firm of Kramer &amp Kaslow, observes that these fresh statistics might have an impact on new government regulations, particularly in light of the recent GAO report on mortgage lender practices (http://www.gao.gov/new.products/d11433.pdf). Kramer, whose consolidated plaintiff litigation lawsuits have been filed against key banks hopes that the undesirable news may possibly need to some a lot necessary help for struggling home owners.

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For much more of Philip Kramers thoughts on this matter, go to the Kramer and Kaslow weblog.

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ABOUT PHILIP KRAMER&#13

PHILIP A. KRAMER is the senior companion of the Law Office of Kramer &amp Kaslow, in Calabasas, California. Kramer &amp Kaslow is Martindale Hubbell AV rated. Mr. Kramer is a perennial recipient of the prestigious Southern California Super Lawyer award.

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Mr. Kramer received his undergraduate degree from Ohio State University and his Juris Doctorate from the Catholic University of America, in Washington, DC. His practice emphasizes industrial litigation and trial advocacy, with a concentration on organization litigation, and actual home matters. He has prosecuted and defended situations for over twenty five years.

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Mr. Kramer is a licensed true estate broker and has spent considerable time providing legal solutions in connection with real estate concerns relating to loan modification and loss mitigation, land use and zoning, environmental concerns, easements, construction and improvement, finance, and landlord tenant matters.

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Mr. Kramer is admitted to practice ahead of all courts in the State of California, the United States Supreme Court and the United States Court of Military Appeals. Mr. Kramer has attempted in excess of 200 situations. He has appeared on nationally televised applications regarding pre-trial process and trial method and has appeared as a guest lecturer on topics ranging from constitutional law to trial practice, and Mr. Kramer frequently lectures on a broad spectrum of numerous legal and organization problems.

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Mr. Kramer also serves as a Judge Pro Tem for the Los Angeles Superior Court and as a Mediator.

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Mr. Kramer is also a previous president of the Los Angeles West Inns of Court, a national organization devoted to bringing professionalism and civility back into the legal profession. He also serves on quite a few Boards of Directors and serves as an officer in numerous companies. For a lot more information contact (818) 224-3900 or check out http://kramer-kaslow.com.

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Kramer and Kaslow: Settlement Amongst U.S. Government and Nation’s Biggest Banks Could Assist Homeowners Facing Foreclosure

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Calaabasas, CA (PRWEB) June 10, 2011

According to Kramer and Kaslow lead lawyer Philip Kramer, a new settlement amongst the U.S. government and the nation’s biggest bank could aid homeowners facing foreclosure. The Huffington Post reports that, “The Obama administration and state officials are anticipated to offer the nation’s five biggest mortgage firms updated terms next week in ongoing negotiations more than a settlement with regards to the firms’ faulty remedy of borrowers, according to 3 men and women with information of the government program.

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According to the Huffington Post report, Tuesday’s bipartisan meeting integrated the Washington Attorney Basic Rob McKenna (R) and Colorado Lawyer General John Suthers (R), who named in remotely. Prime officials from Florida’s and Texas’ lawyer common offices, both led by Republicans, attended, along with the Democratic attorneys general from Delaware, Iowa, Illinois, North Carolina and Connecticut.

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Best officials from the Treasury Department, Department of Justice and the Division of Housing and Urban Development had been also present.

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Asked for a comment, Philip Kramer, a noted attorney and senior companion at the Martindale Hubbard AV rated law firm Kramer &amp Kaslow, comments, This is potentially good news, if, and it is a big IF, the banks dont succeed in watering it down to the point where it is useless.

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To find out far more about Philip Kramers thoughts on the discussions, check out the Kramer and Kaslow weblog.

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ABOUT PHILIP KRAMER&#13

PHILIP A. KRAMER is the senior partner of the Law Workplace of Kramer &amp Kaslow, in Calabasas, California. Kramer &amp Kaslow is Martindale Hubbell AV rated. Mr. Kramer is a perennial recipient of the prestigious Southern California Super Lawyer award.

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Mr. Kramer received his undergraduate degree from Ohio State University and his Juris Doctorate from the Catholic University of America, in Washington, DC. His practice emphasizes industrial litigation and trial advocacy, with a concentration on company litigation, and real home matters. He has prosecuted and defended instances for over twenty 5 years.

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Mr. Kramer is a licensed genuine estate broker and has spent considerable time delivering legal solutions in connection with true estate concerns relating to loan modification and loss mitigation, land use and zoning, environmental troubles, easements, construction and improvement, finance, and landlord tenant matters.

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Mr. Kramer is admitted to practice ahead of all courts in the State of California, the United States Supreme Court and the United States Court of Military Appeals. Mr. Kramer has attempted in excess of 200 cases. He has appeared on nationally televised programs relating to pre-trial procedure and trial method and has appeared as a guest lecturer on topics ranging from constitutional law to trial practice, and Mr. Kramer often lectures on a broad spectrum of different legal and enterprise issues.

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Mr. Kramer also serves as a Judge Pro Tem for the Los Angeles Superior Court and as a Mediator.

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Mr. Kramer is also a previous president of the Los Angeles West Inns of Court, a national organization devoted to bringing professionalism and civility back into the legal profession. He also serves on quite a few Boards of Directors and serves as an officer in several companies. For far more details contact (818) 224-3900 or visit http://kramer-kaslow.com

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Philip Kramer Responds to Deutsche Bank Suit Against Foreclosure Expert

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Calabasas, California (PRWEB) June 12, 2011

The Law Offices of Kramer and Kaslow not too long ago weighed in on a news article published on the Huffington Post net website final month. According to the Huffington Post’s report, Deutsche Bank is suing the son of foreclosure specialist Lynn Szymoniak for what she is quoted in the post is “in retribution for her efforts to bring their malfeasance to light.”

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Ms. Szymoniak not too long ago appeared on an April 3, 2011 60 Minutes episode, and blasted the lenders for what she believes are their errant ways. For far more particulars, view Ms. Szymoniaks response to the Deutsche Bank suit (Palm Beach Circuit Court, CASE NO: 50 2008 CA 022258 XXXXMB)

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In the Huffington Post post, it is reported that shortly right after the look on 60 Minutes: Szymoniak won a key victory in her personal foreclosure case. The court identified that Deutsche Bank was unable to demonstrate ownership of her mortgage, which had initially been issued by the defunct subprime mortgage lender Alternative 1, and threw the case out.

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According to court documents, Deutsche Bank was permitted to re-file their case if the bank could get appropriate documentation, however. And on Friday, May 6, Szymoniak received a notification from the bank’s lawyers that she was once more being sued for foreclosure.

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Additionally, according to court documents, Deutsche Bank wasn’t just going soon after her. The bank was also attempting to sue her son, Mark Cullen, who is presently pursuing a graduate degree in poetry at the New College in New York. Cullen hasn’t lived in Szymoniak’s home for seven years and is not a celebration to any aspect of her mortgage — he has no interest in either the property or the loan, and by no means has had any such interest, according to Szymoniak.

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“It is just absolute harassment,” Szymoniak mentioned in her interview with the Huffington Post. “He does not personal anything, for god’s sake! He’s receiving a masters in poetry. He not only doesn’t have any funds, he’s by no means going to have any funds.”

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Each Deutsche Bank and their legal counsel, Akerman Sentertfitt LLP, declined to comment.

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California-primarily based consolidated plaintiff litigation attorney Philip Kramer, whose Kramer &amp Kaslow law firm has filed a number of lawsuits against lenders on behalf of property owners comments, I am not shocked to hear that Deutsche Bank had improper record keeping. That is rampant. I am not shocked that they re-filed the suit. It was either that or by their silence admit wrongdoing. What is startling is that they would seek retribution against an innocent third party. I cant believe that any court will let this stand.

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Learn more by going to the Kramer and Kaslow weblog.

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ABOUT PHILIP KRAMER&#13

PHILIP A. KRAMER is the senior partner of the Law Office of Kramer &amp Kaslow, in Calabasas, California. Kramer &amp Kaslow is Martindale Hubbell AV rated. Mr. Kramer is a perennial recipient of the prestigious Southern California Super Lawyer award.

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Mr. Kramer received his undergraduate degree from Ohio State University and his Juris Doctorate from the Catholic University of America, in Washington, DC. His practice emphasizes commercial litigation and trial advocacy, with a concentration on enterprise litigation, and true house matters. He has prosecuted and defended instances for more than twenty five years.

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Mr. Kramer is a licensed genuine estate broker and has spent considerable time delivering legal solutions in connection with real estate problems relating to loan modification and loss mitigation, land use and zoning, environmental concerns, easements, building and development, finance, and landlord tenant matters.

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Mr. Kramer is admitted to practice before all courts in the State of California, the United States Supreme Court and the United States Court of Military Appeals. Mr. Kramer has tried in excess of 200 instances. He has appeared on nationally televised programs regarding pre-trial process and trial approach and has appeared as a guest lecturer on subjects ranging from constitutional law to trial practice, and Mr. Kramer frequently lectures on a broad spectrum of numerous legal and business troubles.

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Mr. Kramer also serves as a Judge Pro Tem for the Los Angeles Superior Court and as a Mediator.

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Mr. Kramer is also a past president of the Los Angeles West Inns of Court, a national organization committed to bringing professionalism and civility back into the legal profession. He also serves on several Boards of Directors and serves as an officer in many businesses. For a lot more data call (818) 224-3900 or visit http://kramer-kaslow.com

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Kramer and Kaslow: Mortgage Fraud Strike Force May Support Shield Property owners from Illegal Foreclosure

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Calabasas, CA (PRWEB) June 14, 2011

Philip Kramer, lead attorney for the Law Offices of Kramer and Kaslow weighed in on the creation of the California Lawyer General’s Mortgage Fraud Strike Force. Lawyer General Kamala D. Harris nowadays announced the creation of the California Lawyer General’s Mortgage Fraud Strike Force, staffed by Division of Justice attorneys and investigators charged with protecting innocent home owners and bringing to justice those who defraud them.

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Composed of both civil and criminal enforcement teams, the Mortgage Fraud Strike Force will monitor and prosecute violations at every step of the mortgage method, from the origination of mortgage loans to the advertising of mortgage-backed securities to the investing public.

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“Californians in search of the American dream all as well frequently located a protracted private and legal nightmare,” mentioned Lawyer Common Harris. “Families are losing their houses, whilst these who perpetrated crimes and frauds against them walk free.”

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Philip Kramer, a noted California lawyer and senior partner at the law firm of Kramer &amp Kaslow comments, I am thrilled. My firm, a handful of other people, we have been shouting from the mountain tops about how every single piece of the mortgage procedure from inception to foreclosure is riddled with fraud. It appears like the Attorney Generals workplace has lastly caught on. I welcome them to the battle.

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Much more of Philip Kramers thoughts can be located at the Kramer and Kaslow weblog.

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ABOUT PHILIP KRAMER&#13

PHILIP A. KRAMER is the senior partner of the Law Office of Kramer &amp Kaslow, in Calabasas, California. Kramer &amp Kaslow is Martindale Hubbell AV rated. Mr. Kramer is a perennial recipient of the prestigious Southern California Super Lawyer award.

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Mr. Kramer received his undergraduate degree from Ohio State University and his Juris Doctorate from the Catholic University of America, in Washington, DC. His practice emphasizes commercial litigation and trial advocacy, with a concentration on enterprise litigation, and real home matters. He has prosecuted and defended instances for more than twenty five years.

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Mr. Kramer is a licensed real estate broker and has spent considerable time providing legal services in connection with real estate problems relating to loan modification and loss mitigation, land use and zoning, environmental problems, easements, building and improvement, finance, and landlord tenant matters.

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Mr. Kramer is admitted to practice before all courts in the State of California, the United States Supreme Court and the United States Court of Military Appeals. Mr. Kramer has tried in excess of 200 situations. He has appeared on nationally televised applications with regards to pre-trial process and trial approach and has appeared as a guest lecturer on topics ranging from constitutional law to trial practice, and Mr. Kramer often lectures on a broad spectrum of a variety of legal and enterprise problems.

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Mr. Kramer also serves as a Judge Pro Tem for the Los Angeles Superior Court and as a Mediator.

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Mr. Kramer is also a past president of the Los Angeles West Inns of Court, a national organization dedicated to bringing professionalism and civility back into the legal profession. He also serves on many Boards of Directors and serves as an officer in a lot of companies. For more data contact (818) 224-3900 or pay a visit to http://kramer-kaslow.com

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Associated Loan Modification Services Press Releases

The Law Offices of Kramer and Kaslow: How Failed Obama Foreclosure Relief Plan Contributes To Jobs Crisis

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Calabasas, CA (PRWEB) June 17, 2011

Philip Kramer, lead attorney for the Law Offices of Kramer and Kaslow, not too long ago commented on a Huffington Post report reporting that President Obamas failure to resolve the housing crisis is causing unemployment to rise.

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In the article, Preeti Vissa, community reinvestment director of the Greenlining Institute, a foreclosure relief advocacy group was quoted as saying “This is an emergency. The ongoing foreclosure crisis is well on the way to dragging the complete economy into a double-dip recession if robust action isn’t taken immediately.”

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The Huffington Post goes on to state, The connection between the foreclosure crisis and rampant unemployment is nicely recognized by economists and the administration. Diving residence values and heavy debt burdens force cutbacks in each customer spending and tax revenue for nearby governments. These decreased spending levels and reduced government revenues force layoffs in each the public and private sector. And those layoffs, in turn, spur far more foreclosures.

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According to the article, on Thursday, President Barack Obama warned Property Democrats in a private meeting that the housing circumstance could drag down the entire economy. One particular House Democrat who was in the meeting complained that the president mentioned housing was the major factor dragging down the economy, with Geithner nodding solemnly like they’d completed everything humanly feasible for the final 27 months to fix the housing market.

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Phil Kramer, a noted Southern California lawyer who represents hundreds of consolidated litigation plaintiff customers suing six of the nations biggest banks for wrongful foreclosure actions sees it differently. I do not believe the administrations efforts have been adequate. Kramer states. The plan is voluntary, and if my consumers are any indication, then the system is an unmitigated disaster. I have hundreds and hundreds of clientele who have been wronged by the banks many of them over a very lengthy period of time. The government programs have completed nothing to assist these folks, and as a result the overall economy is suffering the consequences.

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Far more of Philip A. Kramers observations can be found at the Kramer and Kaslow weblog.

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ABOUT PHILIP KRAMER&#13

PHILIP A. KRAMER is the senior partner of the Law Workplace of Kramer &amp Kaslow, in Calabasas, California. Kramer &amp Kaslow is Martindale Hubbell AV rated. Mr. Kramer is a perennial recipient of the prestigious Southern California Super Lawyer award.

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Mr. Kramer received his undergraduate degree from Ohio State University and his Juris Doctorate from the Catholic University of America, in Washington, DC. His practice emphasizes commercial litigation and trial advocacy, with a concentration on organization litigation, and real home matters. He has prosecuted and defended situations for over twenty five years.

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Mr. Kramer is a licensed true estate broker and has spent considerable time delivering legal services in connection with real estate issues relating to loan modification and loss mitigation, land use and zoning, environmental troubles, easements, building and improvement, finance, and landlord tenant matters.

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Mr. Kramer is admitted to practice prior to all courts in the State of California, the United States Supreme Court and the United States Court of Military Appeals. Mr. Kramer has tried in excess of 200 situations. He has appeared on nationally televised applications relating to pre-trial process and trial technique and has appeared as a guest lecturer on subjects ranging from constitutional law to trial practice, and Mr. Kramer frequently lectures on a broad spectrum of various legal and company problems.

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Mr. Kramer also serves as a Judge Pro Tem for the Los Angeles Superior Court and as a Mediator.

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Mr. Kramer is also a previous president of the Los Angeles West Inns of Court, a national organization devoted to bringing professionalism and civility back into the legal profession. He also serves on quite a few Boards of Directors and serves as an officer in a lot of firms. For more data contact (818) 224-3900 or pay a visit to http://kramer-kaslow.com

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The Law Offices of Kramer and Kaslow: A New Foreclosure Trend – Home owners Take Banks Home

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Calabasas, CA (PRWEB) June 17, 2011

Philip Kramer, lead lawyer for Kramer Kaslow, recently commented on the New York Times coverage of the reverse foreclosure trend. According to the New York Occasions write-up, a new trend could be starting in the foreclosure crisis: homeowners foreclosing on lenders. The New York Occasions reports, Owners of a house in Florida have engineered a reverse foreclosure against a bank. That makes two so far this year.

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The post says that earlier this year, Patrick Rodgers, a goth and industrial music event promoter in Philadelphia became miffed since his mortgage lender, Wells Fargo, was creating him carry what he deemed excessive insurance on his residence. Making use of the Genuine Estate Settlement Procedures Act to his benefit, he filed suit and wound up with a sheriffs notice authorizing the sale of the contents of a Wells Fargo branch.

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The New York Times reports on another couple who did battle with their lender and won, A couple in Naples, Fla., have foreclosed on a Bank of America branch following the bank managed to foreclose on their property even even though they by no means had a mortgage on it.

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According to reports in The Naples News, Time and elsewhere, Warren Nyerges and his wife paid $ 165,000 in money to purchase the house from the bank, and never ever borrowed against it. But last February, in an apparent case of mistaken house identity, the bank started foreclosure proceedings against them.

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The couple hired a lawyer and the bank action was ultimately abandoned, but the couple then went to court and got a judgment for about $ two,500 in attorneys fees.

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When the bank didnt spend, their lawyer, Todd Allen, showed up at a regional bank branch final week with sheriffs deputies and a moving truck to start cleaning out the constructing. Not extended after, the bank paid them a lot more than $ 5,700, to cover the charges and further expenses.

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Attorney Philip A. Kramer, senior companion at the Kramer&amp Kaslow law firm represents hundreds of consolidated litigation plaintiff clientele who are suing banks for wrongful foreclosure practices. Stories like these are excellent exciting, says Kramer, but its essential to maintain in mind that these minor skirmishes do nothing at all to prevent the huge-scale abuse of home owners by lenders. We can all have a excellent chuckle at this, but we cant drop sight of just how critical it is when strong banking institutions wrongfully try to take peoples properties.

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Much more of Philip Kramers comments can be discovered at the Law Offices of Kramer and Kaslow blog.

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ABOUT PHILIP KRAMER&#13

PHILIP A. KRAMER is the senior partner of the Law Office of Kramer &amp Kaslow, in Calabasas, California. Kramer &amp Kaslow is Martindale Hubbell AV rated. Mr. Kramer is a perennial recipient of the prestigious Southern California Super Lawyer award.

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Mr. Kramer received his undergraduate degree from Ohio State University and his Juris Doctorate from the Catholic University of America, in Washington, DC. His practice emphasizes commercial litigation and trial advocacy, with a concentration on business litigation, and actual property matters. He has prosecuted and defended situations for over twenty five years.

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Mr. Kramer is a licensed real estate broker and has spent considerable time supplying legal solutions in connection with genuine estate troubles relating to loan modification and loss mitigation, land use and zoning, environmental problems, easements, construction and development, finance, and landlord tenant matters.

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Mr. Kramer is admitted to practice before all courts in the State of California, the United States Supreme Court and the United States Court of Military Appeals. Mr. Kramer has attempted in excess of 200 circumstances. He has appeared on nationally televised programs with regards to pre-trial procedure and trial strategy and has appeared as a guest lecturer on subjects ranging from constitutional law to trial practice, and Mr. Kramer regularly lectures on a broad spectrum of various legal and company problems.

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Mr. Kramer also serves as a Judge Pro Tem for the Los Angeles Superior Court and as a Mediator.

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Mr. Kramer is also a previous president of the Los Angeles West Inns of Court, a national organization committed to bringing professionalism and civility back into the legal profession. He also serves on many Boards of Directors and serves as an officer in numerous businesses. For much more details get in touch with (818) 224-3900 or check out http://kramer-kaslow.com

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Kramer Law: Bank of America Accused of Burdening U.S. Regulators In the course of the Foreclosure Evaluation Procedure

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Calabasas, CA (PRWEB) June 21, 2011

Philip Kramer, lead attorney at the Law Offices of Kramer and Kaslow, released comments nowadays concerning current reports of a court filing against Bank of America Corp. ( Superior Court of the State of Arizona, State of Arizona v. Countrywide Monetary Corporation et al, CV2010-033580). According to court documents, Bank of America is accused of unnecessarily burdening U.S. regulators who had been reviewing the mortgage giant’s foreclosure practices.

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A Huffington Post article information how the Arizona suit is based, in portion, on the findings of The Division of Housing and Urban Improvement Inspector General’s Office, which performed a assessment of the 5 biggest mortgage servicers, such as Bank of America, which is the most significant.

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Departmental auditor William Nixon mentioned Bank of America “significantly hindered” the assessment, according to a document filed in a lawsuit brought by the State of Arizona against the bank.

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“Bank of America, the biggest handler of house loans in the U.S., threw up roadblocks to the investigation, Nixon said, like stopping his group from performing a “walkthrough” of the bank’s documents unit.

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The bank withheld key documents and information, prevented investigators from interviewing bank workers or asking particular inquiries, and was slow to offer info, according to a June 1 declaration by William W. Nixon, a fraud examiner and assistant regional inspector basic for audit for the U.S. Division of Housing and Urban Improvement inspector general’s office.

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“When interviews were permitted, the presence or involvement of the bank’s attorneys restricted the effectiveness of these interviews,” Nixon stated in the filing.

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According to court document, the bank also failed to completely comply with subpoenas issued by Nixon’s group. HUD’s internal watchdog issued two subpoenas requesting documents and details, and what was returned was incomplete, had conflicting info, and in some cases, the bank offered excerpts of documents rather than the full record.

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Also alleged in the suit is that in one instance, Bank of America supplied only a third of what the watchdog requested. In another instance, Nixon’s group waited 3 days for the bank to fulfill a request for “basic information.” Though the document was requested on a Friday and provided to investigators the following Monday, what the bank provided “prompted many extra concerns that necessary answering,” Nixon stated in court documents.

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The Huffington Post reports that due to Bank of America’s “reluctance,” Nixon resorted to asking the Justice Department to situation so-known as civil investigative demands final December to compel testimony, a “less efficient” implies of carrying out its investigation, Nixon said. His workplace can’t compel testimony on its own.

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Philip A. Kramer is a senior companion of the law firm Kramer &amp Kaslow which has filed consolidated plaintiff litigation suits on behalf of hundreds of home owners against six major lenders, such as Bank of America Corp.

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I dont know if this is the final nail in the coffin, Kramer states. If nothing else, it looks like it is what Winston Churchill after characterized as Now this is not the end. It is not even the starting of the end. But it is, possibly, the end of the beginning. My clientele have repeatedly alleged this behavior, and no 1 paid attention. We have been screaming from the mountain tops that this has been going on, and no one wanted to listen. Its a satisfied day when the government finally gets it.

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According to the Huffington Post report, Bank of America spokesman Dan Frahm mentioned any suggestion that the bank had not fully cooperated was inaccurate. “We offered on-internet site and adhere to-up access to much more than 55,000 pages of material and we voluntarily coordinated interviews and assisted with arranging depositions with two dozen employees,” Frahm stated in an e mail on Monday.

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Philip Kramer is really familiar with the practice of pretending to cooperate as practiced by the banks. They paper you to death with documents that are not relevant, although other a lot more pertinent documents are not disclosed or are buried in a veritable blizzard of paperwork. They provide details, interviews and the like with parties who have little or nothing at all derogatory to declare about bank practices. Lets just say it is unlikely they will ever deliberately place you in get in touch with with a whistleblower.

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Philip Kramer believes in fighting the great fight. Rather than becoming put off by the efforts of Bank of America and others to obfuscate and delay, he sees their behavior as the final desperate attempts of the behemoths to hold off disclosure. Its not going to operate, says Kramer. It never does.

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Far more of Philip Kramers observations can be discovered at the Law Offices of Kramer and Kaslow blog.

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ABOUT PHILIP KRAMER&#13

PHILIP A. KRAMER is the senior companion of the Law Office of Kramer &amp Kaslow, in Calabasas, California. Kramer &amp Kaslow is Martindale Hubbell AV rated. Mr. Kramer is a perennial recipient of the prestigious Southern California Super Lawyer award.

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Mr. Kramer received his undergraduate degree from Ohio State University and his Juris Doctorate from the Catholic University of America, in Washington, DC. His practice emphasizes industrial litigation and trial advocacy, with a concentration on organization litigation, and genuine home matters. He has prosecuted and defended situations for over twenty 5 years.

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Mr. Kramer is a licensed true estate broker and has spent considerable time providing legal services in connection with true estate concerns relating to loan modification and loss mitigation, land use and zoning, environmental concerns, easements, construction and improvement, finance, and landlord tenant matters.

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Mr. Kramer is admitted to practice before all courts in the State of California, the United States Supreme Court and the United States Court of Military Appeals. Mr. Kramer has tried in excess of 200 circumstances. He has appeared on nationally televised programs with regards to pre-trial procedure and trial technique and has appeared as a guest lecturer on topics ranging from constitutional law to trial practice, and Mr. Kramer often lectures on a broad spectrum of different legal and company troubles.

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Mr. Kramer also serves as a Judge Pro Tem for the Los Angeles Superior Court and as a Mediator.

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Mr. Kramer is also a past president of the Los Angeles West Inns of Court, a national organization devoted to bringing professionalism and civility back into the legal profession. He also serves on several Boards of Directors and serves as an officer in many companies. For far more data contact (818) 224-3900 or go to http://kramer-kaslow.com

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