Tag Archives: Kaslow

Kramer Kaslow: Office of Comptroller of the Currency indicators Cease and Desist Order with MERS Corp.

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Calabasas, CA (PRWEB) June 03, 2011

The Office of the Comptroller of the Currency has just signed a Cease and Desist settlement agreement with MERS Corp (Mortgage Electronic Registration Systems). Among other items, the Cease and Desist order finds, We have identified certain deficiencies and unsafe or unsound practices by MERS and MERSCORP that present monetary, operational, compliance, legal and reputational dangers to MERSCORP and MERS, and to the participating Members. (OCC No. AA-EC-11-20 Board of Governors Docket Nos. 11-051-B-SC-1,11-051-B-SC-2 FDIC-11-194bOTS No. 11-040 FHFA No. EAP-11-01)

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Noted lawyer Philip Kramer, a senior companion at the law firm of Kramer &amp Kaslow offers insight, MERS Corp is the owner of Mortgage Electronic Registration Systems (MERS), 1 of the cornerstones of the current banking crisis. In order to reduce up loans and move the pieces around the world at the speed of electronics once again and again and once again, till no one particular is certain who owns what, monetary institutions have been making use of MERS as the beneficiary, a legal term which in practical terms signifies they are entitled to foreclose on behalf of the lender except MERS is nothing at all more than an electronic database. They are typically named as beneficiary. However in order to legally be named as beneficiary they would have had to put up funds on the loan. Not to mention the truth that the recordation itself is not even official. BUT most importantly, MERS is by no means a Holder in Due Course.

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Philip Kramer goes on to observe that, Have been a nation of laws. Everyone knew that MERS didnt have the proper to seem as a beneficiary, but it would have been inconvenient to act on this since MERS was in widespread use throughout the banking business. It was incorrect, wrong, wrong, but everyone was carrying out it. Just like they had been performing no-doc loans and other sleights of hand. Just like the banks were doing so a lot of bad issues to homeowners. All they wanted to do was increase their profits no matter who it hurt or how wrong their practices may be.

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The complete text of the consent decree can be identified at the following URL:

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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 actual house matters. He has prosecuted and defended cases for more than twenty five years.

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

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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 tried in excess of 200 cases. He has appeared on nationally televised applications relating to pre-trial procedure and trial approach 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 organization 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 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 organizations. For more information contact (818) 224-3900 or go to http://kramer-kaslow.com.

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The Law Offices of Kramer Kaslow: Bank of America CEO Speaks At State Attorneys Basic Summit

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Calabasas, California (PRWEB) June 04, 2011

MSNBC recently reported that during the state attorneys common summit, Bank of America Corp. Chief Executive Officer Brian Moynihan said that property owners could have to appear elsewhere for extended-term investment returns. He opines further that some locations of the nation could not rebound at all.

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Its worth placing the remarks in context, observes Philip Kramer, senior companion at the law firm of Kramer &amp Kaslow, Bank of America is in problems. Regulators, Justice Department officials, and court instances are coming at them proper and left. Theyre crying poor.

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The MSNBC article reports that Moynihans argument is that low population growth in some regions of the country will lessen demand and consequently act as a downward pressure on home prices.

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“It’s sobering to consider, but some people should not be thinking of (their property) as an asset,” Moynihan stated at the 2011 National Association of Attorneys Basic conference. “They need to be considering of it as a great location to live.”

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Philip Kramer sees it differently. Kramer feels that property owners, faced with an at best uncertain future, have to do every thing in their energy to readjust their home values now. For greater or worse, for possibly the initial time in history, banks are speaking with homeowners about modifying loans and producing other adjustments. Kramer observes. Now is the time to get things to happen. Even if it has to be completed by means of the courts. Judges are listening to homeowners arguments about bank wrongdoing in a way they by no means would have a decade earlier.

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As Kramer sees it, element of the banks obligation is to reduced house values to their existing marketplace valuations, rather than the inflated amounts at which the loans were initially made. Appear, says Kramer. The banks are working with homeowners because theyre beneath duress. There is nothing noble or nicely-intended in the situation, but even so, even although they are becoming dragged into producing adjustments kicking and screaming, even with all of that, it is taking place. Also slow. Too tough. Too time-consuming. But for the initial time, with a lot of obstacles, home owners have a fighting opportunity to come out ahead. Theyre going to have to fight tough, but they just may win for when.

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http://www.msnbc.msn.com/id/42556230/ns/organization-true_estate/

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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 commercial litigation and trial advocacy, with a concentration on company litigation, and real home matters. He has prosecuted and defended instances for over twenty 5 years.

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Mr. Kramer is a licensed genuine estate broker and has spent considerable time delivering legal solutions in connection with genuine estate troubles relating to loan modification and loss mitigation, land use and zoning, environmental problems, 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 instances. He has appeared on nationally televised programs 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 regularly lectures on a broad spectrum of a variety of legal and company troubles.

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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 dedicated 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 businesses. For a lot more information call (818) 224-3900 or pay a visit to http://kramer-kaslow.

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Kramer and Kaslow: Lenders Call for Homeowners to Waive Rights to Sue for Errors

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Calabasas, CA (PRWEB) June 06, 2011

The internet site http://www.propublica.org (http://www.propublica.org/write-up/in-fine-print-banks-demand-struggling-homeowners-to-waive-rights) is reporting that a lot of lenders are requiring homeowners to waive all their rights to sue for errors if they want to seek a loan modification or other type of assistance.

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“I am troubled, but not shocked, that this is still occurring,” Rep. Maxine Waters, D-Calif., who has been pushing a bill to ban these waiver clauses since 2008, was quoted in the internet site report. “The mortgage servicing market has been broken for quite some time and demands substantial reforms.”

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As reported in Propublica.org, Neil Brazil, a spokesman for HSBC, stated the bank does not include any rights waiver in its regular modification agreements, but that attorneys pursuing foreclosure on its behalf may well consist of them when providing a homeowner a forbearance strategy. Brazil declined to say if HSBC included the clauses much more generally. He emphasized that HSBC had been operating with the borrower for over two years.

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Propublica also reports that Bank of America, the country’s largest servicer, included related language in agreements late final year not only in New York, but many other states.

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Philip Kramer, a perennial winner of the prestigious Southern California Super Lawyer award has stated that what the banks are performing is outrageous misconduct. Kramer, whose firm Kramer-Kaslow has launched multiple consolidated plaintive litigation lawsuits against lenders on behalf of property owners, argues that, The banks are feeling a lot of stress simply because of their wrongdoing and are attempting to steer clear of their day in court. A lot more of his observations can be found at http://kramer-kaslow.com/blog/2011/06/philip-kramer-banks-taking-benefit-of-home owners/

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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 industrial litigation and trial advocacy, with a concentration on organization litigation, and genuine house matters. He has prosecuted and defended circumstances for more than twenty 5 years.

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Mr. Kramer is a licensed true estate broker and has spent considerable time providing legal solutions in connection with real estate issues 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 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 method and has appeared as a guest lecturer on topics ranging from constitutional law to trial practice, and Mr. Kramer regularly lectures on a broad spectrum of a variety of legal and organization troubles.

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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 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 much more details contact (818) 224-3900 or check out 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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Kramer and Kaslow: RealtyTrac Releases New Home Foreclosure Information

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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.

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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.

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

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

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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 organization litigation, and actual 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 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.

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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.

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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 numerous companies. For a lot more information contact (818) 224-3900 or check out http://kramer-kaslow.com.

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Law Offices of Kramer and Kaslow: Michigan Court of Appeals Invalidates MERS Foreclosures

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Calabasas, CA (PRWEB) June 09, 2011

The State of Michigan Court of Appeals ruled in an unpublished opinion on Could ten, 2011 (No. 296668 Oakland Circuit Court LC No. 2009-104156-CH) that a firm known as Mortgage Electronic Registration Systems Inc. (MERS) did not have the correct to initiate foreclosure by advertisement on two homes simply because it didn’t really own any interest in the debt. MERS is an electronic database service utilized by a lot of lenders to maintain electronic records so that it is less difficult to buy, sell, and trade mortgages.

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According to Philip Kramer, a California lawyer and companion at the law firm of Kramer &amp Kaslow, If the selection is upheld or picked up by other courts it will invalidate any mortgage where a lender has utilised MERS. This could have an effect on millions of mortgages.

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When asked about the ruling, a spokesperson for MERS, primarily based in Reston, Va., declined to comment but referred people to a statement on their site:&#13

http://www.mersinc.org/newsroom/press_details.aspx?id=277

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A lot more analysis of the choice by Philip Kramer can be discovered at the Law Offices of Kramer and Kaslow weblog.

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Text of ruling:&#13

http://coa.courts.mi.gov/DOCUMENTS/OPINIONS/FINAL/COA/20110510_C296668_62_296668.OPN.PDF&#13

Text of post which initial talked about ruling:&#13

http://www.battlecreekenquirer.com/write-up/20110513/NEWS01/305130009/Michigan-appeals-court-ruling-could-erase-thousands-foreclosures?odyssey=tab|topnews|text|Frontpage&#13
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About Philip Kramer&#13

Philip 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 industrial litigation and trial advocacy, with a concentration on enterprise litigation, and genuine property matters. He has prosecuted and defended cases for more than twenty 5 years.

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Mr. Kramer is a licensed real estate broker and has spent considerable time supplying legal services in connection with actual estate troubles relating to loan modification and loss mitigation, land use and zoning, environmental issues, 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 tried in excess of 200 circumstances. He has appeared on nationally televised programs concerning pre-trial process and trial strategy 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.

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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 several organizations. For much more details get in touch with (818) 224-3900 or go to http://kramer-kaslow.com

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Kramer and Kaslow: Settlement Amongst U.S. Government and Nation’s Biggest Banks Could Assist Homeowners Facing Foreclosure

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Calaabasas, CA (PRWEB) June 10, 2011

According to Kramer and Kaslow lead lawyer Philip Kramer, a new settlement amongst the U.S. government and the nation’s biggest bank could aid homeowners facing foreclosure. The Huffington Post reports that, “The Obama administration and state officials are anticipated to offer the nation’s five biggest mortgage firms updated terms next week in ongoing negotiations more than a settlement with regards to the firms’ faulty remedy of borrowers, according to 3 men and women with information of the government program.

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According to the Huffington Post report, Tuesday’s bipartisan meeting integrated the Washington Attorney Basic Rob McKenna (R) and Colorado Lawyer General John Suthers (R), who named in remotely. Prime officials from Florida’s and Texas’ lawyer common offices, both led by Republicans, attended, along with the Democratic attorneys general from Delaware, Iowa, Illinois, North Carolina and Connecticut.

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Best officials from the Treasury Department, Department of Justice and the Division of Housing and Urban Development had been also present.

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Asked for a comment, Philip Kramer, a noted attorney and senior companion at the Martindale Hubbard AV rated law firm Kramer &amp Kaslow, comments, This is potentially good news, if, and it is a big IF, the banks dont succeed in watering it down to the point where it is useless.

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To find out far more about Philip Kramers thoughts on the discussions, check out 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 industrial litigation and trial advocacy, with a concentration on company litigation, and real home matters. He has prosecuted and defended instances for over twenty 5 years.

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

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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 cases. He has appeared on nationally televised programs relating to pre-trial procedure and trial method 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 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 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 several companies. For far more details contact (818) 224-3900 or visit http://kramer-kaslow.com

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Kramer and Kaslow: New York Attorney General Investigating Major Banks

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Calabasas, CA (PRWEB) June 13, 2011

The Law Offices of Kramer and Kaslow lately commented on a Could 16th New York Instances report that reports the New York lawyer general is looking into 3 key Wall Street Banks. According to the report, The New York lawyer common has requested info and documents in current weeks from three major Wall Street banks about their mortgage securities operations throughout the credit boom, indicating the existence of a new investigation into practices that contributed to billions in mortgage losses.

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In the post, not too long ago elected New York Lawyer Basic Eric T. Schneiderman declined to comment but according to folks briefed on the matter who have been not authorized to speak publicly, Eric T. Schneidermans office have also requested meetings with representatives from Bank of America, Goldman Sachs and Morgan Stanley.

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Noted lawyer Philip Kramer, senior companion at the law firm of Kramer &amp Kaslow observes, A lot of wrongdoing has been uncovered in civil cases. The Attorneys Basic are late to the game, but they will certainly benefit from our legal operate as will homeowners.

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Far more of Philip Kramers comments can be identified at the Kramer and Kaslow blog.

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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 commercial litigation and trial advocacy, with a concentration on enterprise litigation, and actual home matters. He has prosecuted and defended circumstances for over twenty 5 years.

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Mr. Kramer is a licensed genuine estate broker and has spent considerable time delivering legal services in connection with actual estate concerns relating to loan modification and loss mitigation, land use and zoning, environmental problems, easements, construction 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 concerning pre-trial procedure 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 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 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 many businesses. For a lot more info call (818) 224-3900 or visit http://kramer-kaslow.com

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Far more Loan Modification Services Press Releases

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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Law Offices of Kramer and Kaslow: New York Bank Investigation Could Leave Banks Facing Charges

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Calabasas, CA (PRWEB) June 13, 2011

The Law Offices of Kramer and Kaslow is weighing in on a new report from the New York Times that claims that the New York lawyer general is investigating big banks for alleged wrongdoing. According to the Might 16 New York Times report, The New York attorney common has requested details and documents in current weeks from three significant Wall Street banks about their mortgage securities operations for the duration of the credit boom, indicating the existence of a new investigation into practices that contributed to billions in mortgage losses.

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Not too long ago elected New York Lawyer Common Eric T. Schneiderman declined to comment but according to folks briefed on the matter who were not authorized to speak publicly, Eric T. Schneidermans workplace have also requested meetings with representatives from Bank of America, Goldman Sachs and Morgan Stanley.

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The post also spoke with Daniel C. Richman, a professor of law at Columbia. Element of what prosecutors have the benefit of carrying out proper now, here as elsewhere, is watching the civil suits play out as diverse parties fight over who bears the loss, mentioned Richman. Thats a extremely productive supply of details.

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Noted attorney Philip Kramer, senior companion at the law firm of Kramer &amp Kaslow whose consolidated litigation plaintiffs have been suing banks for their foreclosure practices agrees with Richman, A lot of wrongdoing has been uncovered in civil circumstances. What is specifically fascinating about the New York Attorney Generals method is that they appear to have picked up on some of the problems we have utilized in our suits: fraud and greed in the securitization process being essential elements.

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More of Philip Kramers comments can be discovered at the Law Offices of Kramer and Kaslow weblog.

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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 commercial litigation and trial advocacy, with a concentration on enterprise litigation, and genuine home matters. He has prosecuted and defended cases for over twenty five years.

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Mr. Kramer is a licensed real estate broker and has spent considerable time delivering legal services in connection with true estate issues relating to loan modification and loss mitigation, land use and zoning, environmental problems, easements, building and improvement, finance, and landlord tenant matters.

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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 cases. He has appeared on nationally televised applications relating to pre-trial procedure and trial method and has appeared as a guest lecturer on topics ranging from constitutional law to trial practice, and Mr. Kramer regularly lectures on a broad spectrum of various legal and organization 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 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 businesses. For far more info get in touch with (818) 224-3900 or pay a visit to http://kramer-kaslow.com

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