Kramer & Kaslow: Government Looking To Shelve Homeowner Help

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Law Offices of Kramer & Kaslow believes there is very little government help available to the everyday person.

Kramer & Kaslow

Managing attorney Philip A. Kramer at Kramer-Kaslow Law Offices, whose mass joiner lawsuits against big lenders on behalf of homeowners are shaking up the legal world, is convinced that there is very little government help available to the everyday person from the government. He doesn’t expect that to change any time soon, either.

“If you look at how the Democrats in Congress and the Republicans are bending over backwards to find ways not to discipline banks, it’s disheartening,” Kramer says. “Just look at what they’re up to. Alabama Sen. Richard Shelby, the ranking Republican on the Senate Banking Committee, recently dismissed as a regulatory shakedown the efforts by the CFPB and other federal agencies and state attorneys general to negotiate a settlement that would include significant changes to the foreclosure process and as much as $20 billion in mortgage principal reductions."

According to Kramer, this means that the only way homeowners will get help is if they fight for their rights on their own – politicians won’t do it for them. “They’re too busy trying to help the banks,” says Kramer. “It’s not just one party who is working against your interests. Congressional Republicans aiming to dismantle President Barack Obama’s agenda have set their sights on an easy target - housing programs that even Democrats, gearing up to fight the cuts, concede have been mismanaged.”

In the House Financial Services Committee, Republicans plan to mark up four separate bills that will pull the plug on four programs designed to help struggling homeowners stave of foreclosure: the Home Affordable Modification Program (HAMP), the Neighborhood Stabilization Program, and the FHA Refinance Program and the Emergency Homeowner Relief Fund.

According to Kramer, Democrats and Republicans agree on one thing -- even if it's for different reasons: They want to get rid of the programs that are supposed to be helping homeowners stay in their home. Faced with the prospect of even the current meager assistance going away, what's a person in trouble with their loan supposed to do?

“It seems the only chance a homeowner is going to have in seeking redress is through the courts,” says Kramer. “The system is clearly stacked in favor of the banks, and whether or not we like it, the system is not going to protect the individual.

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About Kramer & Kaslow
Kramer & Kaslow is a Professional Law Corporation; our goal is to protect our client’s rights and find solutions. We strive to give our clients the professional and personal attention that they deserve. The Law Offices of Kramer & Kaslow specialize in Civil Litigation, Real Estate Law, Franchise Law, Entertainment Law, Estate Planning, Corporate Business Transactions, Trademarks, Copyrights, and International Law. For more information call (818) 224-3900 or visit


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