Calabasas, CA (PRWEB) June 15, 2011
The Law Offices of Kramer and Kaslow released comments today relating to the most current news report from Bloomberg News on the escalating scrutiny banks are facing from state attorneys basic. Bloomberg News reports that Bank of America Corp. (BAC) faces increased stress from two attorneys common to adjust its mortgage- servicing and foreclosure practices as states stated the bank and 4 other servicers may possibly face $ 17 billion in claims.

According to the Bloomberg News article, Utah Attorney Basic Mark Shurtleff accused Bank of America of breaking state law, although Connecticut Lawyer Common George Jepsen said, The bank failed to repair effectively- documented difficulties in its mortgage-servicing business, according to letters released by their offices yesterday.

The write-up went on to say that their demands, along with subpoenas issued to Lender Processing Solutions Inc. (LPS) by attorneys general in California and Illinois, had been created public the day following state officials told the five largest mortgage servicers, They could face civil lawsuits in search of $ 17 billion if they dont settle the nationwide investigation. This was according to a individual familiar with the matter who declined to be named in the post since the talks are private.

Philip A. Kramer, senior partner at the law firm of Kramer-Kaslow observes, Its usually difficult to know specifically what is going on behind the scenes, but this news suggests that the aggressive attorneys basic have decided to strike out on their personal and not wait for a watered down resolution from federal government regulatory bodies. If so, thats good news for homeowners.

A lot more of Philip A. Kramers analysis can be found at the Law Offices of Kramer and Kaslow blog.

About Philip Kramer
Philip A. Kramer is the senior partner of the Law Workplace 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 real house matters. He has prosecuted and defended situations for over twenty five years.

Mr. Kramer is a licensed genuine estate broker and has spent considerable time providing legal solutions in connection with genuine estate issues relating to loan modification and loss mitigation, land use and zoning, environmental problems, easements, building and development, 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 instances. He has appeared on nationally televised applications regarding 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 regularly lectures on a broad spectrum of different legal and organization concerns.

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

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

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