Tag Archives: Outcome

Equity Trust Company: Complaints About Retirement Arranging Outcome from Misinformation

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New York, NY (PRWEB) July 01, 2013

According to Equity Trust Organization, complaints about retirement preparing are typical, however a lot of of them stem from basic misinformation. Investors feel as even though their retirement alternatives are either restricted or ineffective, but in truth they merely fail to realize precisely how retirement investment works. A recent U.S. News &amp World Report report affirms this point, listing several of the most common myths and rumors concerning retirement preparing. Myths endure even although they fly in [the] face of logic, but men and women nevertheless believe them, the post contends. For numerous, its easier to think in myths than to face reality. Equity Trust Firm has responded to this report, with a new statement to the press.

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Myths about effective retirement planning continue to persist and it is critical that individuals realize how crucial it is to start early, comments Equity Trust Company, in its new statement to the press. Its also critical to recognize that with a self-directed IRA, the investor has a complete variety of investment options beyond just stocks and bonds, which delivers more investment possibilities. Certainly, at Equity Trust Company, complaints about retirement planning options are often resolved through self-directed retirement accounts.

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As for the particular myths listed in U.S. News &amp Globe Report, the write-up first notes the myth that retirement organizing can be delayed until a particular person is in his or her 40sor until he or she can afford to save big money. As Equity Trust Business has already noted, however, it is critical to commence saving early. Furthermore, the article affirms that saving a modest quantity of funds, earlier in life, can really be just as efficient as generating bigger contributions at a later date.

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Another prevalent myth is that early retirement is commonplace, and simply attainable. Even though several men and women say they program to retire early, the post says, few of them have crunched the numbers to guarantee that they can in fact afford to sustain their retirement for 4 or 5 decades. Those who want to retire early need to begin saving earlyand to stay diligent in setting cash aside.

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One more widespread myth is that one particular only demands to save enough to get his or her firm to match the retirement fund contributions. These who believe this have most likely not completed the math to see how much they are really saving, the report argues. It is vital to speak with an investment advisor about how much demands to be put into savings to meet ones retirement savings.

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A final myth is that savings of a couple hundred thousand dollars will prove sufficientsomething that may possibly or may not be true, the article says. Either figure it out oneself or speak to a person who can figure it out for you, since you do not want to wait till its also late to discover out you havent saved adequate.

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According to Equity Trust Company, complaints about retirement arranging can typically be resolved via acquiring further details.

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ABOUT:

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At Equity Trust Business complaints about retirement savings are resolved with self-directed retirement accounts. Equity Trust Company is one of the countrys major providers of self-directed IRAs and 401(k)s, with more than 130,000 consumers in all 50 states and over $ 12 billion of retirement strategy assets under administration. The firm believes in self-directed retirement accounts as ideal cars for generating lengthy-term wealth, as they let investors the freedom to invest funds as they determine. At Equity Trust Organization complaints about restrictive conventional retirement programs are commonly heard, and the business responds to these complaints by supplying info about the alternatives available via self-directed applications.

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Kramer Kaslow: Alleged Unscrupulous Banking Practices Outcome In Mass Joinder Lawsuit Against GMAC

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Calabasas, CA (Vocus/PRWEB) April 19, 2011

Philip Kramer has filed a mass joinder lawsuit against GMAC (Locker v. Ally, Superior Court of California, Superior Court of Los Angeles, case quantity: BC 452 263) in what is potentially the most substantial and precedent-setting legal action taken against lenders as a result of the national foreclosure crisis, it was announced right now by Philip Kramer, Esq. of Kramer &amp Kaslow.

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The firm has filed suit on behalf of a mass joinder of plaintiffs looking for damages and injunctive relief as a result of what it alleges is the bank’s fraud and several violations of Local, State, and Federal customer protection laws. Mr. Kramer says that relief is becoming sought for fraud, to quit the illegal sale of plaintiffs houses, to force the bank to cease and desist from their conduct, as well as to seek compensatory damages on behalf of the plaintiffs.

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The lawsuit alleges that GMAC perpetrated a massive fraud, also constituting unfair competitors upon borrowers that devastated the values of their residences, resulting in the loss of net worth even as GMAC enriched itself by knowingly promoting economic instruments based on a value the bank knew to be unwarranted. The suit also alleges that GMAC additional intended to deprive many rights and treatments for the troubles they caused the borrowers and Mr. Kramer believes that the harm done to the plaintiffs is exceeded only by the scale of the banks conduct as asserted in the plaintiffs suit.

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According to court documents, the lawsuit claims the bank disregarded underwriting standards and implemented a massive fraud that was concealed from borrowers and other mortgagees on an unprecedented scale. The lawsuit alleges that, as a outcome of the banks actions, borrowers lost equity in their houses, their credit ratings and histories have been destroyed and they incurred unnecessary charges and costs.

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Mr. Kramer also claims that the lawsuit challenges the fraudulent and illegal use of MERS in connection with the loans and mortgages, as nicely as the defendants failure to perform their obligations pursuant to accepting TARP funds.

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The lawsuit’s filing coincides with a recent choice in a class action suit that invalidated a lot more than ten,000 foreclosure circumstances managed by GMAC Mortgage due to the fact affidavits in the circumstances were signed by a GMAC robo-signer who, according to court documents, attested to the authenticity of foreclosure documents with out any knowledge about them, as nicely as signing other false statements in the case Manson v. GMAC Mortgage LLC, 08-cv-12166, U.S. District Court, District of Massachusetts (Boston).

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I am convinced that for the very first time that aggrieved home owners are going to get a fighting likelihood, says lawyer Philip Kramer. Till now, the banks have had their way, using and abusing the method at the expense of distressed home owners across the nation. Now, soon after years of abusing home owners and the greater public, the bank bullies are acquiring a excellent stiff legal punch in the nose.

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ABOUT PHILIP KRAMER&#13

PHILIP A. KRAMER is the senior companion 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 enterprise litigation, and true house matters. He has prosecuted and defended circumstances for over twenty five years.

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Mr. Kramer is a licensed true 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 improvement, 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 circumstances. He has appeared on nationally televised applications regarding 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 different legal and business concerns.

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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 several Boards of Directors and serves as an officer in numerous companies. For a lot more info get in touch with (818) 224-3900 or check out http://kramerlaw2.com

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Kramer and Kaslow: Utah Lawsuit Might Outcome in Less Foreclosures

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Calabasas, CA (PRWEB) June 13, 2011

Philip Kramer of the Law Offices of Kramer and Kaslow announced that the case of Corey v. Countrywide Bank FSB et al (Case number: two:2011cv00409) is getting heard right now in Utah District Court to decide no matter whether or not MERS could be used as a beneficiary in Utah foreclosure instances.

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Judge Dee Benson is presiding, and according to court documents, he has told the defendants, Bank of America (BAC) and ReconTrust (Parr Brown), that he believes, the existing federal court rulings (Rodeback, Burnett, etc.) in favor of MERS are negative law won by banks who have massive-firm attorneys who are generating legally unsound arguments and winning since the Plaintiffs Bar (homeowner-attorneys) have been outmatched by the bank attorneys, and have been producing the wrong legal arguments. Benson also went on to state on the record that he believes, MERS and securitization play a large role the foreclosure mess we are in.

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According to court documents, an attorney at the law firm representing the plaintiff in this case stated that, while there are no guarantees as to Judge Bensons ruling, he has essentially invited us to lay out the appropriate arguments for why MERS is not the beneficiary of a mortgage and for that reason lacks authority to carry out the actions that only a beneficiary (the Lender) can do under a mortgage (like substituting Trustee ReconTrust and commencing non-judicial foreclosure proceedings on behalf of Bank of America).”

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Consolidated plaintiff litigation attorney Philip Kramer, a senior partner at the firm of Kramer &amp Kaslow is watching the case closely. If the court guidelines that MERS is not a legal beneficiary, it strikes at the heart of many foreclosures. This may turn out to be a real turning point in the foreclosure crisis.

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More of Philip Kramers comments on the case could be found at the 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 business litigation, and actual house matters. He has prosecuted and defended situations for more than twenty 5 years.

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Mr. Kramer is a licensed actual estate broker and has spent considerable time delivering legal services in connection with genuine estate problems 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 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 regarding pre-trial procedure and trial strategy 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 various legal and business concerns.

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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 many Boards of Directors and serves as an officer in many firms. For far more information get in touch with (818) 224-3900 or visit http://kramer-kaslow.com.

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Receivership Assignments Outcome in Sales In Excess of $120M for State Court Receiver and Coreland Principal Patrick Galentine

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Tustin, Calif. (PRWEB) March 07, 2013

Below the path of State Court Appointed Receiver and Coreland Firms Principal Patrick Galentine, 3 complex receivership assignments were sold in the previous eight months, like two direct sales by Galentine in his capacity as Receiver. The three assets garnered in excess of $ 120 million.

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All 3 of these properties have been complex assignments that demanded an extraordinary quantity of effort from the receivership parties, like loan servicers, purchasers, and the house management and sales teams, said Galentine, who possesses 20 years of knowledge in the receivership and management of troubled assets by way of rents and income receiverships.

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While the sale of receivership properties are uncommon, they can be accomplished in todays industry with a powerful group functioning efficiently through a complex process. A receivership sale is a best-case situation in the right circumstance due to the fact it maximizes worth, reduces expenses, and gives an exit technique in an unstable environment.

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The 3 California properties incorporated a 75,785-square-foot retail/workplace mixed-use home in Mammoth, a 256,000-square-foot retail center in Northridge, and a 239,849-square-foot office creating in Torrance.

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Sierra Center&#13

This 75,785-square-foot, 3-level retail/office center was assigned to Galentine in 2010. The high-profile property situated on Old Mammoth Road suffered from significant neglect. Beneath Galentines appointment, the developing undertook a deferred upkeep improvement plan, expert services had been established, a significant county lease termination was resolved, and a professional leasing group was place in spot. Galentine subsequently identified a purchaser and negotiated sale terms, which includes a loan modification and assumption. The property sold for $ 9 million and closed escrow in second quarter 2012.

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Tampa Plaza&#13

Galentine was appointed receiver of this 249,745-square-foot neighborhood retail center in 2009. Under redevelopment at the time, Galentine coordinated the settlement of roughly 20 lawsuits, and negotiated the resolution and funding to release more than 100 building liens. In addition, Galentine managed the final phases of the $ 15 million renovation, which includes entitlements, analysis, funding documentation, and $ 7.5 million in landlord, tenant and web site building. A number of national tenant lease modifications have been negotiated and the home was stabilized. As a result, the borrower was capable to comprehensive a loan modification and sale. The house closed escrow in third quarter 2012 for $ 85 million although in receivership.

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Hamilton Spot&#13

Galentine was appointed receiver on this 239,849-square-foot, mid-rise South Bay workplace creating in 2011. Soon after transitioning management and leasing services, he coordinated the sale of this home, which was positioned on a Superfund internet site. The property sold for $ 34 million and closed escrow in third quarter 2012.

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Coreland Firms offered different home management, brokerage and building management services on each and every of these properties.

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Our previous experience with distressed assets, combined with our potential to provide in-property management and leasing solutions as necessary, permits us to effectively navigate complex assignments, mentioned Chris Hite, co-founder and president of Coreland Companies. I believe that our consumers appreciate the efficiencies we offer you. We perform hard to customize a technique that ideal suits every asset and generates measurable outcomes.

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About Coreland Firms&#13

Coreland Businesses (http://www.coreland.com) is a complete-service commercial true estate business with experience in retail, workplace and industrial properties. Coreland is a single of the biggest privately held commercial true estate service companies based in California with a current portfolio exceeding one hundred properties and totaling more than 13 million square feet. Founded in 1990, the business boasts a effective track record of industrial actual estate ownership, management, repositioning and brokerage.

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