Tag Archives: Kaslow

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

Posted on by


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.

&#13

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.”

&#13

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.

&#13

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.

&#13

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.

&#13

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

&#13

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.

&#13

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.

&#13

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.

&#13

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.

&#13

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

&#13

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

&#13

###

&#13
&#13
&#13
&#13
&#13

Kramer and Kaslow: Wall Street Journal Reports that Banks Hit Hurdle to Foreclosures

Posted on by


Calabasas, CA (PRWEB) June 17, 2011

Philip Kramer, lead attorney for Kramer Kaslow, not too long ago released comments concerning a Wall Street Journal post detailing the foreclosure crisis. Sheila Bair, chairman of the Federal Deposit Insurance coverage Corp., is quoted in the article from her testimony to a Senate committee final month. “Flawed mortgage-banking processes have potentially infected millions of foreclosures, and the damages against these operations could be considerable and take years to materialize,” said Blair.

&#13

The post also reports that last month, the Maine Supreme Court reversed the foreclosure of Dana and Robin Murphy of Auburn, Me., soon after concluding that the mortgage company, a unit of HSBC Holdings PLC, filed “inherently untrustworthy” documents. An HSBC spokesman declined to comment.

&#13

The Wall Street Journal reports that, This year, cases in California, North Carolina, Alabama, Florida, Maine, New York, New Jersey, Texas, Massachusetts and other folks have raised inquiries about regardless of whether banks effectively demonstrated ownership.

&#13

Philip A. Kramer, a perennial winner of the Southern California Super Lawyer award represents hundreds of consolidated plaintiff litigation clients who have filed suit against the nations six largest lenders. He comments, I believe that the Maine Supreme Court is appropriate. I also believe that the difficulty is widespread universal.

&#13

Laurence E. Platt, a banking-market lawyer at K&ampL Gates in Washington, concedes in the write-up that banks might have been sloppy. But he says, “the genuine assault on the legal program,” are efforts by judges and regional officials to strip lenders of their rightful ownership and make foreclosures impossible.

&#13

Philip A. Kramer could not disagree a lot more strongly. If Laurence Platts point of view prevails, then we may possibly as well not have laws. That is not an exaggeration. There are rules and procedures which govern how property is supposed to bought and sold. Ownership is at the heart of the issuance of mortgages and foreclosures. It is not okay for the banks to claim, Oh, proof of ownership? Paperwork? These dont genuinely matter. The banks have been receiving away with murder. Finally, it seems to be coming to an finish.

&#13

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

&#13

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.

&#13

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 company litigation, and actual property matters. He has prosecuted and defended situations for over twenty 5 years.

&#13

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

&#13

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 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 often lectures on a broad spectrum of a variety of legal and company troubles.

&#13

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

&#13

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 businesses. For a lot more info contact (818) 224-3900 or pay a visit to http://kramer-kaslow.com

&#13

###

&#13
&#13
&#13
&#13
&#13

Far more Loan Modification Services Press Releases

Kramer Kaslow: The Economic Times Reports that NY Fed is Investigating Goldman Unit

Posted on by


Calabasas, CA (PRWEB) June 17, 2011

The Law Offices of Kramer and Kaslow not too long ago released comments from their lead lawyer, Philip Kramer, with regards to the newest report from The Economic Instances. According to the British newspaper The Monetary Times, The Federal Reserve Bank of New York is investigating allegations that the mortgage servicing arm of Goldman Sachs failed to conduct acceptable reviews prior to denying borrowers a possibility to reduce their payments by means of a government loan modification programme.

&#13

When asked for a comment, the article says that the Fed confirmed that it was conducting an inquiry. The Financial Instances also reports, a individual familiar with the Goldman unit concerned, Litton Loan of Houston, Texas, mentioned loans were denied with no the suitable assessment beneath a denial sweep approach devised to clear a backlog of applications.

&#13

According to the post, the allegations had been brought to the Feds focus by the Monetary Times, which obtained a letter written by an anonymous Litton employee.

&#13

Consolidated plaintiff litigation lawyer Philip A Kramer who represents hundreds of clientele suing six of the nations largest banks, is familiar with Litton and feels that its practices mirror what he has observed at many other monetary institutions as properly.

&#13

You have a couple of items going on here, says Kramer. One, you can never underestimate incompetence. Undertrained, overworked employees deliberately lose paperwork so that they can claim they have met their quotas, when the dilemma really lies with incomplete files. That happens, but there are much more pernicious goings on as well. The banks are supposed to favor the government HAMP program, but in truth, if they are going to make a loan modification accommodation, they would rather use one particular of their own in-home applications which are normally much less generous to a homeowner.

&#13

According to The Monetary Occasions article, HAMP modifications are supposed to take priority more than non-governmental loan modification applications. However, the regulations establishing HAMP rules give no penalties. The write-up goes on the report that the letter received by the Fed from the particular person familiar with Litton said that at the very same time that the modifications beneath Hamp were becoming denied, Goldman was increasing non-government modifications for loans it retained on its books.

&#13

And that, Philip Kramer observes, is the heart of the problem. Bank greed is pitted against the needs of desperate property owners. The quality of mercy is not strained. Well, Im guessing that bank executives dont precisely take that to heart. When a bank is involved, I suspect greed is going to win out each and every time. At the expense of the homeowner, Im afraid.

&#13

Far more of Philip Kramers observations can be located at the Kramer Kaslow weblog.

&#13

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.

&#13

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 real house matters. He has prosecuted and defended circumstances for more than twenty five years.

&#13

Mr. Kramer is a licensed real estate broker and has spent considerable time offering 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.

&#13

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 attempted in excess of 200 circumstances. He has appeared on nationally televised applications concerning pre-trial procedure 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 different legal and business concerns.

&#13

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

&#13

Mr. Kramer is also a previous 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 quite a few Boards of Directors and serves as an officer in numerous firms. For far more data call (818) 224-3900 or pay a visit to http://kramer-kaslow.com

&#13

###

&#13
&#13
&#13
&#13
&#13

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

Posted on by


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.

&#13

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.

&#13

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.

&#13

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.

&#13

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.

&#13

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.

&#13

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.

&#13

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

&#13

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.

&#13

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.

&#13

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.

&#13

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.

&#13

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

&#13

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

&#13

###

&#13
&#13
&#13
&#13
&#13