Kramer and Kaslow: California Investigates Florida Firm that Processes Foreclosures for Major Banks

Share Article

The Law Offices of Kramer and Kaslow comment on a LA Times report on the examination of repossession practices in California

Kramer & Kaslow

Lead attorney at the Law Offices of Kramer and Kaslow, Philip Kramer, is weighing in on a recent Los Angeles Times article regarding the California attorney general's investigation of foreclosure practices. The Los Angeles Times is reporting that state Atty. Gen. Kamala Harris subpoenas documents from Lender Processing Services Inc.

The article says that, “California Atty. Gen. Kamala D. Harris is investigating an obscure Florida firm that processes foreclosures for many of the nation's major financial institutions, as she intensifies her examination of repossession practices in the Golden State.”

According to the L.A Times, “The state's top law enforcement officer subpoenaed Lender Processing Services Inc. of Jacksonville, Fla., a company that handles loans in default on behalf of several major banks. The subpoena requires LPS to produce documents and provide written answers to questions from the attorney general's office by June 24.”

"California homeowners have been exposed to fraud and crime at every step of the mortgage process," Attorney General Harris said in the LA Times article. "Justice demands we come to their aid, and a key step in that is to investigate robo-signing and the potential for inaccurate or unjust foreclosures."

In the article, Harris emphasized that California homeowners may have fallen victim to robo-signers who didn't verify the accuracy of the documents they were putting their names on and, in some cases, failed even to read the documents. Often, individuals signed thousands of times a day, she said.

In her statement, Harris warned that the risks posed by robo-signing are "particularly dangerous" in non-judicial foreclosure states such as California, as there is no judicial oversight of the foreclosure process.

Philip A. Kramer, a California-based attorney whose consolidated plaintiff litigation lawsuits are challenging six of the nation’s leading banks thinks Harris is on the right track. “As I have prosecuted hundreds of cases on behalf of my clients, robo-signing is a fraudulent bank practice that occurs so often that I have almost come to believe that a non-robo-signed bank document might be the exception rather than the rule.”

More of Philip A. Kramer’s observations may be found at the Kramer and Kaslow blog.

ABOUT PHILIP KRAMER
PHILIP A. KRAMER is the senior partner of the Law Office 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 commercial litigation and trial advocacy, with a concentration on business litigation, and real property matters. He has prosecuted and defended cases for over twenty five years.

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

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 cases. He has appeared on nationally televised programs 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 frequently lectures on a broad spectrum of various legal and business issues.

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 dedicated to bringing professionalism and civility back into the legal profession. He also serves on numerous Boards of Directors and serves as an officer in many companies. For more information call (818) 224-3900 or visit http://kramer-kaslow.com

###

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Stuart R. Simone, Esquire
Visit website