Tag Archives: Homeowner

U.S. Sen. Barbara Boxer Provides to Support Homeowner Fight Etrade, an Affiliate of GMAC Save Her Home

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Emeryville, CA (PRWEB) August ten, 2010

U.S. Sen. Barbara Boxer has supplied to help an Oakland homeowner in attempting to stop an Aug. 19 scheduled foreclosure auction of her property. Its the last option in an 18-month good faith battle longtime Oakland homeowner Odilla Sidime has waged to get her mortgage modified only to have Etrade, an affiliate of GMAC apparently drop documents, misplace documents and stall her as the mortgage company proceeded with foreclosure plans.

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I am committed to maintaining people from losing their properties.If your monetary institution is federally regulated, my workplace would be content to assist you individually by drafting a Congressional inquiry on your behalf and submitting it to the economic agency that regulates your lender, U.S. Senator Barbara Boxer wrote in a recent e-mail to Sidime. If your lender is regulated by a state agency, your correspondence will be forwarded to the proper state regulatory agency.

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Its a lengthy shot but all Sidime has left. She has attempted to resolve the matter by following the loan modification suggestions and submitting full loan modification applications several times only to have Etrade reject the applications with unsubstantiated and vague explanations.

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The lenders claim home owners are ignoring their communications and failing to offer comprehensive documentation but I am a living witness that, even though Ive followed their requirements precisely, their loan processing technique is dysfunctional or else they are not negotiating with property owners in very good faith, Sidime mentioned. If my mortgage were modified to reflect my residences present value, I could afford to preserve this home I really like and have invested in for several years. But Etrade would rather collect payments from private mortgage insurance coverage, reap the tax positive aspects, then auction my property off to the highest bidder. Lenders claim property owners arent getting truthful but in my case Etrade has been untruthful. The heartbreaking factor is theres really nowhere else I can turn considering that Etrade does not have to comply with the federal governments loan modification plan. Its all voluntary on their element so they have no incentive to perform with homeowners.

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Because April 2009, Sidime has been sending documents to Etrade and GMAC – after she started to expect her revenue would fall brief. After becoming denied modifications twice, an Etrade representative told her she would not be deemed for a modification till she missed 3 mortgage payments. So following Etrades directions, she stopped paying on her mortgage at the end of 2009. On April 2, 2010, Etrade notified Sidime her property was getting foreclosed on for nonpayment.

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Etrade continues to misdirect and stall her. They have notified her that documents were not received regardless of getting confirmation of certified mail deliveries and faxes. Etrade officials also noted that occasionally documents are misfiled in the incorrect clients files and instructed Sidime to consist of her name and account quantity on each and every single web page submitted which she did, only to have Etrade once again claim failure to obtain enough documentation.

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In the fifth round, Sidime was told her account had been put on hold for evaluation on July 20 and that all necessary documentation had been received as of July 7, only to obtain a letter dated July 22 stating the modification was denied a fifth time because Etrade had not received all the requested documents.

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Most lately, four days soon after Sidime repeatedly faxed and emailed over 125 pages like a modification application and supporting documents, Etrade notified her that her request had been denied since Etrade in not a participant in the Property Cost-effective Mortgage Program (HAMP) and she earned insufficient income to qualify for a standard modification.

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For far more specifics of her fruitless interactions with Etrade, go to her weblog at countdown2foreclosure.com.

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United Law Group Joins More Than 30 Best Law Firms In Crisis Commission on Homeowner Representation

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Irvine, CA (Vocus) September 17, 2009

United Law Group, the major provider of legal foreclosure prevention and foreclosure litigation services these days announced that it joined forces with more than 30 top law firms becoming element of the Crisis Commission on Homeowner Representation. The commission’s very first objective is to seek the modification of language in SB 94 that would impede the rights of distressed home owners by producing it not possible for attorneys to offer counsel in these scenarios.

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SB 94 raised concern in the legal community since, as it reads at the moment, the bill would prohibit lawyers from accepting a retainer up front for solutions. Members of the commission assert that this bill would negatively influence the constitutional rights of distressed homeowners to seek representation by stopping attorneys from providing services connected to house loan modification and foreclosure prevention.

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“Primarily, it is a bill that will block a homeowner from acquiring legal representation when they are at risk of losing their property to foreclosure,” stated Martin Andelman.

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According to Robert Scurrah of CDA Law Center, “SB94 is fundamentally defective. The notion of protecting a consumer will be entirely eroded by the elimination of representation by licensed attorneys.”

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The commission asserts that fees at the moment charged by attorneys are really modest when compared with the quantity of time and effort involved, the knowledge needed and the charges incurred by attorneys to support any loan modification. Customers engaging a lawyer for any other project in Orange County could spend $ 300 or a lot more per hour. Actual estate law firms allow buyers to engage the solutions of a lawyer for somewhere in between $ 1,500 and $ 3,000.

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“In a contingency case it’s worth the danger, because there is a charge waiting for you at the other side,” mentioned Zshonette Reed of Lorden &amp Reed. “But attorneys cannot afford the overhead commitment for a $ two,000-$ three,000 fee.”

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Robert Buscho of United Law Group adds, “The consequence of this bill is that home owners are not in a position to get representation due to the fact the attorneys can not afford to become unsecured creditors to men and women who are currently struggling financially.”

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Proponents support SB 94 because of concern for the unknown quantity of loan modification scams that exist all through the state and the number of complaints that have been received by the State Bar.

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Buscho asserts that SB 94 would punish distressed home owners, not the scam artists.

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“Enforcing present laws will take care of the scammers,” stated Buscho. “SB 94 would punish distressed homeowners. There is no purpose to pass a law that will deprive home owners of legal representation at a time when they want it most.”

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About United Law Group&#13

United Law Group is a national law firm with offices in California, New York, Florida, Ohio, Nevada &amp Arizona. It is the largest foreclosure prevention and litigation firm in the nation with attorneys licensed in each state. Committed to assisting property owners facing hardships to preserve their homes, United Law Group utilizes legal channels to compel banks to modify adjustable-price to fixed-rate mortgages, decrease principal and interest, and produce other fair options among the lender and borrower.

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For additional information on United Law Group, check out: http://www.unitedlawgroup.com or call Corvi Urling, Executive Consultant for United Law Group at (800) 680-5717.

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Homeowner Utilizes RAM Monetary Solutions to Remodel Finances

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Phoenix, AZ (PRWEB) November 18, 2009

When Scott Lamar decided to remodel his home to accommodate his expanding family members, he had no notion increasing the square footage would bring him close to monetary ruin. Lamar, 57, remarried a handful of years ago, and he and his wife have two energetic little girls, aged 4 and two. We needed far more space, he stated. Adding onto my house seemed like a very good idea. With the aid of buddies with building expertise, he did a lot of the operate himself. Its the story of many American families, a story we anticipate to end happily.

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In Scott Lamars case, it nearly ended in disaster. Im a quite steady guy, said Lamar. Ive worked for the identical business for forty years, and Ive always paid my bills on time. When he started function on the property, it appraised for $ 665,000 and his mortgage was for $ 350,000. Hed carried out business with the identical bank for most of his adult life, so Lamar anticipated that acquiring a loan to purchase supplies would be relatively straightforward. I was actually shocked when my banker turned me down, stated Lamar. I had no credit card debt, so he suggested I charge my expenses. Trusting the guidance of his banker, Lamar started work on his home. When he was finished, he had doubled the size of his residence. He had also charged $ 115,000 on six credit cards.

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That was when the nightmare started. I was finished with the property, and I was prepared to pay off my bills, said Lamar. I believed I could refinance the property and spend off the credit card bills with the equity in my property. For the second time in the procedure, he was unpleasantly surprised: the mortgage company turned him down. What did he do? He kept paying his bills. Initially the rate wasnt also bad, he stated. But then the credit card businesses beginning raising their interest rates on Lamar–to 29.5% and even to 40%. I was paying $ 3,000 a month, he mentioned, and at the finish of the year I was additional behind than when I began. I was throwing very good cash following undesirable.

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So Scott Lamar started to appear for support. Very first he attempted a mortgage modification. That process is still dragging on, he said, but by way of it I met Steve Arthur, and he advisable RAM Economic Services. I talked to them and decided to sign up for their Debt Options Program. That was in June. By the finish of November the debt he enrolled with RAM Economic Solutions had been eliminated.

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The approach was extremely straightforward, mentioned Lamar. When I enrolled, the procedure was explained thoroughly. The forms are clear and straightforward to recognize, so there wasnt something mysterious about what was going to take place. In addition Scott Lamar found the folks at RAM Economic Solutions easy to perform with. Sierra Aires is extremely personable, but she tells you the truth, he mentioned. I constantly knew specifically where I stood. Of course, its no fun to be battling debt you know is not possible to repay, but the folks at RAM Financial Solutions smooth the way as much as they can. Holly has a great sense of humor, said Lamar. She and Sierra are able to take the edge off a challenging predicament.

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Scott Lamar is very satisfied he located RAM Financial Solutions. I almost certainly saved half of my debt, he mentioned, but Im not ever going to borrow income once again. Its also easy to get into the position I got into. Im a conservative guy, but the economic program in this country is broken. I strongly recommend RAM Monetary Services to other people who are caught in circumstances they cant get out of alone.

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Written by S.J. Bratcher

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The Courts Side with a Homeowner, Whom Reaching U Network Assisted, and Wins Back Her House

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Miami, FL (PRWEB) July 01, 2011

On June 15, 2011 foreclosure defense attorney Pomarantz obtained a case dismissed, right after four years of litigation, against one of the biggest mortgage lenders in the United States winning back the property of struggling homeowner Neyma Soltura.

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According to case documents a handful of years ago Neyma Soltura was suffering from several hardships when she became ill with dementia whilst her husband was hospitalized waiting for a kidney transplant. Following two years of paying health-related bills for his hospitalization and with only social safety coming in as income, Neyma Soltura could no longer afford her monthly mortgage payment which had just been raised from $ 1,200 a month to $ 1,700 a month.

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According to case documents when she called her lender to inquire about a loan modification, she was advised that she would qualify for T.A.R.P funds (Trouble Assets Relief Plan) which would help alleviate her financial distress. When she followed up with the bank a handful of months later she was told every little thing was fine and that the government funds had been on their way to support with her mortgage default.

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According to case documents, on July 3, 2008 she was served with papers notifying her that foreclosure proceedings have been moving forward. Surprised and confused by what had just happened Neyma Soltura contacted Reaching U Network, who advised her that she could seek legal representation to properly shield her rights. Reaching U Network connected her to a single of the attorneys in their network that work with property owners to supply affordable legal representation and set her up with the law offices of Mark Pomerantz in Florida.

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According to case documents Pomerantz took on the case and represented Neyma for four years disputing her case against Citibank and their attorneys. When the case went to trial Pomerantz was in a position to prove that Citibank had committed several violations in their mortgage documents and the courts dismissed the case.

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Neyma Soltura won her house back, as it is no longer in foreclosure, providing her the likelihood to invest time with her sick husband, although getting peace of thoughts that their home is now really hers.

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Reaching U Network&#13

1-866-514-Info

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Miami Dade Case&#13

2008-50548-CA-01&#13

Citibank VS Neyma Soltura

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More Loan Modification Press Releases

Consumer Protection Assistance Coalition (CPAC) Non Profit Law Clinic Assists Homeowner Obtain Principal Reduction with Foreclosure Lender Law Suit Settlement

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Washington, DC (PRWEB) December 11, 2010

According to CPAC’s court filings, Mr. Wang of California had received a Notice of Trustee Sale on his family’s home well after he was purposely misled by his lender about an ever elusive loan modification that in no way materialized. Despite the fact that, according to court filings, they accepted 10 months of temporary trail modification payments that apparently had been never applied to his mortgage balance. All the while he was being reassured the loan modification looked very good, Mr. Wang stated that his plea for assist was eventually rejected. Mr. Wang states he never ever requested a reduced loan quantity. He only wanted a steady and sensible interest price so he could not comprehend why his lender rejected him. According to Mr. Wang his Lender then recommended he brief sell his residence, he painfully agreed to do so to steer clear of foreclosure but according to Mr. Wang’s licensed True Estate Broker, his lender rejected gives presented to them, so the foreclosure seemed unavoidable. Sounds like a very typical story so far?

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According to Mr. Wang he is now only accountable for a loan balance that is $ 250,000 significantly less on the same home. The 30-year fixed rate now permits the stability he initially was seeking and a payment that is less than half which includes tax and insurance coverage. His prior loan had a crazy variable payment with tax and insurance paid separately that was more than double! What happened you ask? Mr. Wang’s Church referred him to one of the employees members at Customer Protection Assistance Coalition (CPAC) the Non Profit Law Clinic.

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Mr. Charles Ton, a single of the 3 Directors for CPAC and a Licensed Litigation Lawyer was offered to comment Thankfully Mr. Wang was willing to take a a lot more aggressive offensive method and decided to file a Civil Law Suit against his foreclosing lender and the accurate Note holder who we later discovered had no thought Mr. Wang wanted to hold the property let alone in a position to afford the home with a minor modification. We quickly identified what appeared to us as more than 40 State and Federal violations in his loan relationship and instantly filed a law suit on his behalf (Filed 11/12/09 – SUPERIOR COURT OF SANTA CLARA CASE # 109CV1572) CPAC legal staff found what appeared to have not only loan origination but a variety of alleged predatory lending violations as well. Primarily based on the complaint filed with the court, the servicing of the loan was now also in query since of what appeared to be predatory in nature. Charles Ton adds The icing on the cake was that by means of our discovery and investigation we discovered that the original Notes whereabouts might not be so easily identified due to multiple beneficiary transfers, one being the infamous MERS creating the ownership of the Note potentially extremely difficult to prove, in my book no ownership, no standing, no legal standing, no foreclosure.

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Mr. Ton adds Most individuals may believe you want a lengthy high-priced jury trial to get these kind of final results, at least thats what a typical attorney will have you believe. The truth of the matter is these kinds of illegalities misrepresentation and fraudulent organization practices are really generally identified and guess whos recognized this for decades? You guessed it, the lenders and their attorneys. What sets us apart from all other law firms is we are a accurate Non Profit Organization registered with the federal government. Despite the fact that we dont get any government funding but and we would really like to help far more Americans in need to have, we nonetheless do what we can and what we do, no one else does like we do it”.

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According to post litigation records, CPAC arranged a settlement that permitted Mr. Wang, his wife, young children and grandfather to not only move back in to their home, but now the balance owed on the same residence is $ 250,000 much less than prior to. Charles Ton states “We’ve achieved a variety of settlements with comparable final results. The funny point is that in the Wang case, Mr. Wang originally didnt ask for any principal reduction at all, he only asked his lender for a easy stable price adjustment. People dont understand that majority of houses obtaining foreclosed on right now are really questionable and could not even be legal as has been quite recently produced public by the 50 atate lawyer generals investigation. We want individuals to recognize that this is our mission, educating the public that the United States court technique can and will defend the consumer the customer just demands to know who, how and when.

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Charles Ton continues to state With the modest amount of resources we have and the cooperation of the customer we turn the tables on the lender. We pre-qualify the homeowner for one particular of numerous permanent principal reduction applications for free of charge although we carry out a cost-free Lender Fraud and Violation Evaluation and educate and inform Americans of their God given consumer civil rights.

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Consumer Protection Assistance Coalition (CPAC), a federally registered Non Profit Law Clinic with locations in Arizona, California and Washington DC can aid struggling property owners in 48 States thru reputable and knowledgeable Licensed Attorneys in every State. CPAC delivers many totally free services and merchandise to these who might advantage from them as effectively as extremely aggressive and effective legal representation when necessary. Mr. Ton adds “Tell your neighbor, co-worker, pals and loved ones that its by no means too late, weve helped men and women even following theyve been foreclosed on and accomplished complete trustee sale reversals, even if your existing on your loan and just want out, we don’t operate with your lender, we function against them using a venue that makes it possible for the average American to beat the Wall Street tycoon.” Charles Ton makes his final comment “As soon as the American consumer decides that he has had adequate of being abused by their lender they have power. The energy of the court system, this kind of energy can result in our court method figuring out that the lender was in fact in the incorrect and the American consumer will have his day in court. Possibly even get a the whole loan eliminated! Quiet Title suits until now have been believed to be a myth, not now, not right here in California like the current Nguyen vs. Chase Bank (Case cv09-4589-AHM filed in U.S District Court) related to Mr. Wang, he decided to use the court system and now he not only gets to maintain his home, but even greater than Mr. Wang’s outcome, according to the Judges ruling the loan was entirely eliminated! This is how strong and how fair our court method can be when individuals make the choice to use it when they’ve had adequate”. CPAC Non Profit Law Clinic. (866)773-7864 or visit us on our web website at http://www.CPACaid.org.

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Discover Much more Loan Modification Services Press Releases

Foreclosure Fraud Victim Turns to Advocacy with Release of Book and Net Web site to Educate Underwater Buyers About Homeowner Rights and Possibilities

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Atlanta, GA (PRWEB) November 23, 2011

Publisher Fastpencil, Inc. announces release of Consumer Advocate &amp Foreclosure Specialist Michael R. Bang’s most current book Stroll Away.

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As numerous Americans are facing hard occasions following the current and continuing market housing crash and economic downturn, some sector specialists are stepping forward to speak up for shoppers and turn misfortune into an opportunity for education. This consists of Michael R. Bangs lately released Stroll AwayHow to Strategically Default on an Underwater Mortgage.

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The book goes into excellent detail about how the banking method performs, how a mortgage plays into that system and the vast avenues obtainable to a consumer underwater or facing foreclosure, from a loan modification all the way to how to simply walk away from a property if you can no longer afford to keep it and your sanity, Michael R. Bang, Consumer Activist and Foreclosure Specialist from The Vortex Reality Vibration LLC., stated. A lot of home owners are possessing their rights violated by the banking business or their emplyees, its often illegal and shameful.

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Bang has been a licensed actual estate agent for 10 years and a rental investor for more than 15. He became a foreclosure specialist, promoting properties for banks in 1999 and in 2000 launched Georgia Foreclosure, Inc., (http://www.gaforeclosure.com) a web site dedicated to offering investors and possible homeowners access to distressed properties on the market place (properties owned and for sale by lenders soon after foreclosure has occurred).

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He also became a nicely known professional in Atlanta on the standards and practices of by banks used to foreclose. In 2008 he was bewildered to see the amount of fraudulent tactics and misrepresentation asset managers were flagrantly employing to foreclose. Examples integrated robo-signing, re-generating documents that had been lost, violating cease and desist orders or basically foreclosing on residence they didn’t even own. Usually, had the homeowner been conscious of the improper acts, and identified how to fight back, the foreclosure could have been stopped dead in it’s tracks thereby saving the house.

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Considering that the 2008 housing crash, Bang has turned his experience to customer advocacy and has worked with individuals who are unaware of their options in the face of foreclosure.

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The mantra of the banks and their agents is that you have a moral obligation to spend your mortgage when, in point of truth, it’s nothing much more than a contract which can be voided at any time, Bang said. This book is a How To guide for individual well being and undertaking what’s appropriate for the individual and their family it offers readers a sense of security and freedom to fight back.

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The companion website to Bangs book, http://www.usawalkaway.com, (launched October 2011) supplies detailed info on the foreclosure process of every single state, sample documents and worksheets about foreclosure regulations, and a forum where home owners can share their own foreclosure experiences and discover how to steer clear of being victims of fraudulent foreclosures.

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Bang was inspired in portion by his personal experiences soon after a massive bank illegally attempted to foreclose his home. To discover much more about Walk AwayHow to Strategically Default on an Underwater Mortgage and how you can keep away from being a victim, go to http://www.usawalkaway.com.

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Kramer & Kaslow: Government Seeking To Shelve Homeowner Help

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Calabasas, CA (PRWEB) April 20, 2011

Managing lawyer Philip A. Kramer at Kramer-Kaslow Law Offices, whose mass joiner lawsuits against massive lenders on behalf of property owners are shaking up the legal planet, is convinced that there is really tiny government support offered to the each day individual from the government. He doesnt anticipate that to modify any time soon, either.

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If you look at how the Democrats in Congress and the Republicans are bending over backwards to find methods not to discipline banks, its disheartening, Kramer says. Just appear at what theyre up to. Alabama Sen. Richard Shelby, the ranking Republican on the Senate Banking Committee, not too long ago dismissed as a regulatory shakedown the efforts by the CFPB and other federal agencies and state attorneys common to negotiate a settlement that would include considerable alterations to the foreclosure method and as much as $ 20 billion in mortgage principal reductions.”

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According to Kramer, this implies that the only way home owners will get support is if they fight for their rights on their personal politicians wont do it for them. Theyre also busy trying to support the banks, says Kramer. Its not just one particular party who is operating against your interests. Congressional Republicans aiming to dismantle President Barack Obamas agenda have set their sights on an effortless target – housing applications that even Democrats, gearing up to fight the cuts, concede have been mismanaged.

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In the Residence Economic Solutions Committee, Republicans program to mark up four separate bills that will pull the plug on four applications created to assist struggling property owners stave of foreclosure: the Property Inexpensive Modification System (HAMP), the Neighborhood Stabilization Plan, and the FHA Refinance System and the Emergency Homeowner Relief Fund.

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According to Kramer, Democrats and Republicans agree on one point — even if it is for different factors: They want to get rid of the programs that are supposed to be helping home owners remain in their residence. Faced with the prospect of even the existing meager help going away, what’s a individual in trouble with their loan supposed to do?

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It appears the only likelihood a homeowner is going to have in looking for redress is by means of the courts, says Kramer. The technique is clearly stacked in favor of the banks, and whether or not or not we like it, the technique is not going to safeguard the individual.

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Study more: http://www.politico.com/news/stories/0311/51364.html#ixzz1HA3pv8cF

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Study more: http://www.politico.com/news/stories/0311/50554.html#ixzz1HA4p26Ar

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About Kramer &amp Kaslow &#13

Kramer &amp Kaslow is a Expert Law Corporation our aim is to defend our customers rights and find solutions. We strive to give our customers the specialist and personal interest that they deserve. The Law Offices of Kramer &amp Kaslow specialize in Civil Litigation, Actual Estate Law, Franchise Law, Entertainment Law, Estate Arranging, Corporate Enterprise Transactions, Trademarks, Copyrights, and International Law. For much more info call (818) 224-3900 or check out http://kramer-kaslow.com

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More Loan Modification Services Press Releases

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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American Homeowner Preservation Acquires six.6MM of Non-Performing Mortgages

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Cincinnati, OH (PRWEB) July 07, 2011

AHP has utilized private investors to fund these acquisitions from both banks and hedge funds. By taking control of the mortgages or occupied REOs, AHP can craft options to maintain households in their houses. Hence far, AHP has cut monthly payments by an typical of almost 40% and offered alternatives to households to repurchase their houses at rates averaging 63% less than their prior mortgage balances.

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“Each family members has a special set of circumstances, dictating customized resolutions,” mentioned AHP Director Jorge Newbery. “Traditionally, government, banks and servicers have attempted to apply 1-size-fits all options to these millions of families, and the outcomes have been disappointing for all. AHP approaches every household, asks them what they want and what they can afford, then concocts a answer which tends to make sense for the family members, AHP and our investors. AHP’s priority is what makes sense for the family, not what tends to make the most money for AHP or our investors. We can supply fantastic options for struggling families and nonetheless create powerful returns for AHP investors. The two are not mutually exclusive.”

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AHP’s most common repair is a brief sale leaseback of the home to an investor who agrees to give an inexpensive lease and favorable repurchase alternative to the family members. AHP gives counseling throughout the 5 years lease term to maximize the likelihood that the family will qualify for financing to repurchase. “I wasn’t able to pay my mortgage because I lost my warehouse job at a supermarket. The organization closed after I worked there two years. AHP genuinely does help folks to not lose their houses,” said Antonio Diaz of Dallas, whose monthly payment dropped from more than $ 800 to $ 461 and who can repurchase for $ 19,780 the residence which previously secured his $ 59,850 mortgage.

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As opposed to several mortgage holders, AHP encourages non-arm’s length transactions. A single Indianapolis loved ones owed more than $ one hundred,000 on their mortgage. When AHP provided to have an investor purchase the home for $ 22,000 and leaseback to the family, the homeowner proposed that his brother come up with the $ 22,000. “My brother was in a position to purchase my residence and now I’m now renting from him. I wasn’t capable to pay my mortgage due to the fact I lost my job right after the company shut down. I was there for 4 years, then my interest rate increased and my lender wouldn’t let me do a loan modification. Now I paint houses but, sadly, there’s not a lot of operate or funds. Still, I can pay the rent that was set up with my brother and AHP. I am quite pleased how almost everything turned out,” stated former homeowner turned renter Martin Jiminez.

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In some instances, AHP can reduce principal and modify the loan. “I really feel like this was an answer to my prayers. I function as an interventionist for Memphis City Schools for the duration of the school year, but these previous summers I haven’t located a summer season job. I ended up using all my savings and not becoming capable to afford my property. The entire AHP employees was really instructional,” mentioned Angela Johnson, whose $ 59,000 mortgage balance was decreased to $ 24,000 and $ 750 payment dropped to $ 400.

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AHP has agreements to obtain more than $ 19,700,000 in defaulted mortgages in July. “The banks and hedge funds selling these nonperforming mortgages want reliable purchasers who close on time at fair rates. As we continue to execute, we are getting provided bigger and larger pools,” continued Newbery. “We appear forward to keeping much more and much more struggling families in their residences with realistic long-term options, although offering our investors the potential to earn favorable returns in a socially responsible manner.”

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American Homeowner Preservation can be contacted at (800) 555-1055 or http://www.ahphelp.com.

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Connected Loan Modification Services Press Releases

American Homeowner Preservation Recruits Genuine Estate Agent Army to Support Home owners

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Chicago, IL (PRWEB) October 31, 2011

American Homeowner Preservation is expanding their nationwide plan to maintain distressed home owners in their properties by enlisting genuine estate agents for the frontlines. AHP recently launched an investment fund and is using their elevated resources to acquire ever-larger pools of defaulted mortgages from lenders and the FDIC. Upon acquisition, borrowers are presented loan modifications which provide payment reductions averaging 40% and possibilities to settle their mortgage principal at discounts averaging 50%. For these families who do not want to stay in their properties, money incentives are presented to borrowers to cooperate with quick sales or provide deeds in lieu.

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Licensed agents initially give CMA reports as component of AHPs due diligence method. As soon as the loan is acquired, the neighborhood agent can then make contact with the homeowner to overview options obtainable. Agents are compensated for facilitating loan modifications or can earn commissions if houses are listed and sold. Genuine estate agents are knowledgeable sources who can assist borrowers in understanding their alternatives, stated Michelle Weadbrock, AHPs Nationwide Agent Coordinator. AHP is intent on delivering the solutions which borrowers require, not those which maximize earnings for our investors. By functioning hand-in-hand with nearby agents and our servicers, we can make decisions in hours as opposed to months.

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We owed $ 103,000 and now we can settle for $ 27,000. Ten years ago we werent renting for as tiny as we spend now. stated William White of Roseville, Michigan, whose property was saved through AHPs program. Hundreds of mortgages totaling over $ 40Million have been settled by means of AHPs system. Interested agents are encouraged to register at http://www.ahphelp.com or by contacting AHP at 800-555-1055.

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