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.

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.

Philip Kramer, a perennial recipient of the Southern California Super Lawyer award and senior companion at the law firm of Kramer & 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.

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

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

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.

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.

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.

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

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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