Tag Archives: Crisis

Kramer Law — Government Accountability Office Releases Report on Housing Crisis

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Calabasas, CA (PRWEB) June 05, 2011

A government report released earlier this month is addressing the expanding list of foreclosure problems in the United States (Government Accountability Office report #GAO-11-433). According to the Might 2011 Government Accountability Report, the administration is operating to negotiate settlement terms with firms it alleges offered faulty therapy of borrowers. Even though no organizations are particularly named in the report, it does allege that two big mortgage firms illegally foreclosed on the residences of almost 50 active-duty military service members.

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Shahien Nasiripour reports in a May 6, 2011 write-up in the Huffington Post that, The Obama administration and state officials are anticipated to supply the nation’s 5 biggest mortgage firms updated terms next week in ongoing negotiations over a settlement concerning the firms’ faulty therapy of borrowers (detailed in a GAO document entitled: MORTGAGE FORECLOSURES Documentation Troubles Reveal Need for Ongoing Regulatory Oversight), according to 3 folks with knowledge of the government plan.

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When total, the new settlement could help struggling property owners preserve their houses and far more easily modify their mortgages. Noted consolidated plaintiff litigation lawyer, Philip Kramer of the Law Offices of Kramer &amp Kaslow, has weighed in on the newest GAO report. What you have here is a political battle,” says Kramer. “Pretty significantly everyone agrees that there is wrongdoing. Now comes a political and legal query: what does restitution look like? What corrective actions need to be taken going forward? With any luck, the government can start to aid distressed homeowners who have been wronged by their lenders and this new report is an initial step in that direction.

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A a lot more substantial discussion of the ongoing negotiations in between the government and the lenders can be found on Kramers internet site: http://kramer-kaslow.com/blog/2011/06/lawyer-philip-kramer-theres-negative-and-then-theres-negative-military-service-members-illegally-forclosed-upon/

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http://www.huffingtonpost.com/2011/05/05/banks-illegal-foreclosure-soldiers-gao-report_n_858207.html

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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 company litigation, and real home matters. He has prosecuted and defended instances for more than twenty 5 years.

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Mr. Kramer is a licensed actual estate broker and has spent considerable time offering 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 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 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 often lectures on a broad spectrum of a variety of legal and business 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 numerous Boards of Directors and serves as an officer in a lot of businesses. For a lot more information call (818) 224-3900 or pay a visit to http://kramer-kaslow.com

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Law Offices of Kramer and Kaslow: Mortgage Crisis Report from NBC Nightly News

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Calabasas, CA (PRWEB) June 07, 2011

NBC Nightly News is running a multi-part series detailing the foreclosure crisis in America (http://www.msnbc.msn.com/id/42881365/ns/business-private_finance/#). The series examines how the mortgage crisis began, its impact on homeowners, and why, according to NBC, it is worsening, not acquiring much better. The series begins with a vignette about Garrett and Laura Holmes of Vermont and tells the story of how the couple practically lost their house by searching for support via the government HAMP plan.

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Philip Kramer, a effectively-identified consolidated plaintive litigation attorney who is suing a quantity of lenders on behalf of aggrieved home owners observes, The Nightly News series demonstrates how deeply flawed existing technique is. Without resorting to the courts, it is really, extremely difficult for a homeowner to get a fair shake.

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Further observations from Philip Kramer can be discovered at http://kramer-kaslow.com/blog/2011/06/kramer-and-kaslow-courts-the-last-resort-for-forclosing-residences/

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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 enterprise litigation, and true home 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 services in connection with real estate concerns 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 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 applications relating to 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 numerous legal and business 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 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 businesses. For far more data call (818) 224-3900 or pay a visit to http://kramer-kaslow.com

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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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New Back Tax Foreclosure Crisis Sparks New Offer you from Residence Foreclosure Business

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Houston, TX. (PRWEB) July 14, 2012

Soon after reports had been issued this week revealing that numerous home owners all more than the country have been losing their residences to back tax bills, Home Foreclosure News, announced a new totally free report offer you to aid individuals find out how to stop the foreclosure procedure on their properties and realize their options. House Foreclosure News new cost-free report offer will provide insight to home owners who have been denied loan modifications in the past and who want to know what their options are when it comes to stopping house foreclosures.

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Nationwide reports showed the some outdated state laws had been resulting in property owners losing their residences more than small unpaid tax bills, a lot of in the type of just a couple of hundred dollars. This information sparked the new totally free report supply from Residence Foreclosure News, in hopes to educate many property owners on their alternatives when it comes to facing foreclosure. The new report provide is completely totally free and aims to aid any individual concerned with foreclosure to get the aid they need.

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With several property owners around the country facing economic hardship and foreclosure concerns, House Foreclosure News is offering the report as a supportive arm for these who want to recognize their foreclosure possibilities. The company is attempting to aid the a lot of home owners who are facing their personal foreclosure troubles with back taxes or other economic troubles, get the answers they want.

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The new report will function a detailed insight into confirmed methods of preventing foreclosure problems and understanding foreclosure choices supplied by actual foreclosure specialists. The new report provide is currently launched on the organization internet site and is offered to any homeowner who is interested in this info.

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For far more data on the new Home Foreclosure news report provide and for a lot more insight on how to quit foreclosure go to http://homeforeclosurenews.org/howtostopforeclosure/.

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How To Get Money When You Need to have Money Article Expanded To Include Even Much more Ways To Help People In A Financial Crisis Discover Cash When It really is Needed Most.

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Pittsfield, MA (PRWEB) March 14, 2013

A single of the most nicely study pieces amongst Bankruptcy Alternatives’ debt help articles consists of the examination of How To Get Funds When You Need Money. Prior to jumping into techniques to get income, the author, who formerly practiced as a debtor attorney, reviews first attempting to remove or decrease debt as properly as decreasing the quantity of cash people might really feel they require in the short term. Numerous times individuals in a panic because they require income never genuinely demand as significantly as they fear in order to keep away from the perceived crisis. Discussion then proceeds through a quantity of techniques to get money as well as widespread sources for funds a single need to avoid. The context of the report envisions a family members a payment away from foreclosure. Require money, as defined by the author does not apply when an individual simply wants a new pair of footwear.

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When a individual can’t spend bills, especially if collection agencies already started calling, a crucial ability includes knowing who to pay when you cannot spend absolutely everyone and how significantly to pay. Of course, everybody ought to constantly spend all of their bills, but often that becomes not possible. Just like a individual with a stellar attendance record at operate who ends up in the hospital, in time they will recover and return to their prior habit of getting on the job every single day, but in the meantime the planet understands and they ought to not beat themselves up more than the short-term lapse from their usual standards. Sometimes people need to have to basically comprehend that a creditor will understand if they pay late after whilst for other folks a short money crunch be involve understanding that some bills need to have to be ignored, as considerably as that may possibly be a foreign concept. As an example, a single of the most common and vital mistakes people make takes place when ten collectors from 10 credit card businesses hound a loved ones about late bills and they never have enough income to pay their credit cards and the mortgage. By providing funds to the credit card businesses they may really feel they dealt with ten creditors out of eleven, but in the lengthy run this technique leads to mortgage foreclosure. Of, course one of the best ways to quit a foreclosure includes maintaining the mortgage existing. Most people would rather maintain their residence than their credit cards, but do not often think of the selection in such stark terms.

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Emerging from debt issues at times indicates bills will not ever be paid at face worth because of a debt settlement, bankruptcy, mortgage modification, some type of credit card debt relief or other workout strategy. Lengthy term plans want examination when in a cash deficit. Don’t make the mistake of paying any portion of bills at face worth which in the extended run will be paid at thirty cents on the dollar or discharged altogether. Another typical and crucial error happens when individuals attempt to get the cash they want for credit card debt with cash advances from other credit cards. In reality utilizing credit card cash advances inappropriately represent one of the major causes of bankruptcy.

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Once a foundation of what truly wants to be paid becomes clear, the write-up examines a multitude of techniques to get money. Some involve loans or assets although other individuals deal with family or charity. Some discussion focuses on avoiding payday loans as an choice when a person demands funds, because of their dangers and unfriendly terms.

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Whilst extended term solutions have to be carved out, like a excellent personal residence budget and money management program, often folks uncover themselves with a extremely critical brief term money crisis. The supplies in the How To Get Cash When You Need to have Income report deal with specifically how to sail through that storm and proceed to a extended term objective of economic stability

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About:&#13

How To Get Funds When You Require Income stands as a part of the Bankruptcy Alternatives – Debtor’s Choices household of economic details and tools internet pages started in 1996 and presently offered by the Economic Firebird Corporation with a purpose of delivering consumers with cost-free unbiased support from a former debt workout and bankruptcy lawyer in selecting the appropriate path to a brighter economic future.

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