Kramer Law: Experts Look to Latest Florida Foreclosure Cases as Examples of Homeowner Justice


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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LoanSafeMods.com Shows Effectiveness Of The REST Report With Actual Examples Of Modification Application Results

San Diego, CA (PRWEB) March 27, 2013

LoanSafeMods.com gives the REST Report to these who are looking for foreclosure alternatives. The REST (Real Estates Solutions and Technologies Report) is a third party analytics report that shows home owners exactly what sort of loan workout programs they qualify for. This report can also be shown to banks and lending institutes to assist speed the processing of a loan modification request.

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The web site offers a number of beneficial tools to struggling home owners, like a cost-free house analysis and the benefit of not obtaining to spend until outcomes from the Report come back. This risk-totally free assessment has helped several homeowners to uncover options to their loan modification application troubles.

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A new video on the LoanSafeMods.com website shows real life examples of how the REST has helped to advantage homeowners by displaying them specifically what they certified for and, far more importantly, displaying those holding their loans precisely how the numbers made sense and why it would be a far better notion to approve a mortgage modification than to foreclose on the house.

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One instance is from a loan held by Bank of America. The REST Report done for this homeowner calculated that, given the new terms of the modification that was certified for, the homeowner would have their month-to-month Principal, Interest, Taxes, Insurance and Association dues lowered from $ three,031.88 to around $ 1,855.67.

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The REST Report was sent in with the modification request and Bank of America approved the application. The calculated new payment was off by just 21 cents, with the bank approving the new payments at $ 1,855.88. All round the homeowner is now saving $ 1,176 every single month, $ 14,112 every year, and $ 554,664 general.

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Another property owner with a loan held by Bank of America ran a REST report and discovered that they qualified for the modification that they had been trying to get. The REST Outcomes projected that the new payment would be decreased from $ two,808.72 to just $ 1,547.00. The actual payment, when the application was approved, was $ 1,547.20 just 20 cents difference!

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Now this California homeowner saves $ 1,259 every single month, $ 15,108 every year, and will end up saving $ 604,320 over the course of paying for their residence. All this thanks to the REST displaying them precisely what modifications they qualified for and, much more importantly, precisely why they qualified.

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A third example is from a mortgage that is held by JPMorgan Chase &amp Co. This homeowner identified that they certified for a reduction in their month-to-month Principal, Interest, Taxes, Insurance coverage and Association dues payment by about $ 1,539.33. The new payments have been projected at $ 2,290.70 per month. The actual new payment per month turned out even less, at $ 2,215.48.

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Now this homeowner is saving $ 1,614 each month, for a total of $ 19,369 each and every year, and a lifetime savings of $ 752,193. And these are just a few of the examples of men and women who were in a position to turn their situations around and preserve their homes thanks to LoanSafeMods and the REST Report.

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The site also attributes a number of testimonial videos from real life people who had struggled with their mortgage payments and modification applications prior to discovering the REST. These evaluations and other tools for homeowners can be found on LoanSafeMods.com.

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