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Do_the_math
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Mass Joinder Lawsuit- Kramer & Kaslow
PostPosted: Sun Jan 16, 2011 5:27 pm Reply with quoteBack to top

Anyone know anything about individuals and firms that are marketing a mass joinder for Kramer & Kaslow, K2 Law, and Mitchell Stein? I found several individuals and websites marketing for the law firms and are charging somewhere between a few thousand to 5-6K for the retainer. The contact people are non attorneys.

I was curious, so I called the number that was posted in a link on another forum, and was quoted $5k to join the suit. The person never emailed me the retainer agreement or list of items that were needed, but I thought it was pretty odd that a non attorney would be consulting with homeowners. I've heard some buzz on the internet and some people are saying that the "ambassadors" (affiliates) are allowed to charge whatever they want for their fee.

Anyone else hear about this?

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syntheticheroin
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Re: Mass Joinder Lawsuit- Kramer & Kaslow
PostPosted: Sun Jan 16, 2011 6:26 pm Reply with quoteBack to top

I had a little chat with that gang - until the alarms in my head started to wail, whale, wale ?????

"dont' make a federal case out of it" sage counsel from a certain large law firm not far from here.

I'll say what they are doing could work, they may cash flow like crazy .. not my cup of tea.

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achtung
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Re: Mass Joinder Lawsuit- Kramer & Kaslow
PostPosted: Sun Jan 16, 2011 7:00 pm Reply with quoteBack to top

http://www.k2-law.com/editor/u.....nt_FAQ.pdf

http://k2-law.com/litigation_faq.php

K2 Law and Mitchell J. Stein and Associates are privileged to represent homeowners who have been victims of a lending system based on negligent processes. Mass Joinder Litigation against your lender is a complex process that requires the expertise of an experienced legal team. The following information will help you better understand some key aspects to deciding if litigation is right for you.

***** there was a large case in the 90's where the Class Action Participants paid Fees, on average, of $90 bucks and Received $2.15, in settlement.
If your functional Loss does not exceed the amount of the retainer, I would think twice about joining the class action.

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Do_the_math
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Re: Mass Joinder Lawsuit- Kramer & Kaslow
PostPosted: Mon Jan 17, 2011 7:01 pm Reply with quoteBack to top

syntheticheroin wrote:
I had a little chat with that gang - until the alarms in my head started to wail, whale, wale ?????

"dont' make a federal case out of it" sage counsel from a certain large law firm not far from here.

I'll say what they are doing could work, they may cash flow like crazy .. not my cup of tea.


Were you being recruited as an "ambassador" for the firm? If so, do you have any idea what the compensation is for ambassadors and what the law firm is actually charging?

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Do_the_math
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Re: Mass Joinder Lawsuit- Kramer & Kaslow
PostPosted: Mon Jan 17, 2011 7:21 pm Reply with quoteBack to top

Achtung, if you click on the second link and scroll down to the Free Consultation button, it will take you to a Loan Modification Application.

http://k2-law.com/lmApp.php?

I'm still confused about the whole client ambassador thing. I've checked out a few ambassadors that are advertising for K2 Law and the mass joinder, and some of the individuals were previously in the loan modification industry.

From what I can tell, there are numerous individuals marketing the lawsuit and consulting with homeowners regarding the case. I've never seen this type of business model for attorneys outside of what happened in the loss mitigation industry- and we all know what happened with that.

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syntheticheroin
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Re: Mass Joinder Lawsuit- Kramer & Kaslow
PostPosted: Tue Jan 18, 2011 9:08 pm Reply with quoteBack to top

Do_the_math wrote:
syntheticheroin wrote:
I had a little chat with that gang - until the alarms in my head started to wail, whale, wale ?????

"dont' make a federal case out of it" sage counsel from a certain large law firm not far from here.

I'll say what they are doing could work, they may cash flow like crazy .. not my cup of tea.


Were you being recruited as an "ambassador" for the firm? If so, do you have any idea what the compensation is for ambassadors and what the law firm is actually charging?


referred a distressed local property owner and entertained working with them.

called the local property owner back and urged him to stay away from that group.

3k may have been one of the numbers gargled around at some point. Customer was quoted 5k.

I have the agreement from the firm etc etc. Looks clean, if they actually file the suit/assign the case number - which it sounds like they may.

There's a Grand Sum Total of zero attorney's around the lake of the ozarks that have the juice for foreclosure defense litigation.

For the record, I go into these things with pretty low expectations .. but somehow their dialogue was still a disappointment.

A St. Louis attorney may have finally accepted the case.


Make it a Great Day.

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Do_the_math
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Re: Mass Joinder Lawsuit- Kramer & Kaslow
PostPosted: Wed Feb 09, 2011 6:59 pm Reply with quoteBack to top

Mandelman wrote an article on the Mass Joinder and Kramer & Kaslow:

http://mandelman.ml-implode.co.....ip-kramer/

Scroll down and read the comments. But here are some websites marketing the Mass Joinder:

http://www.k2-law.com/

http://www.myk2law.com/

http://kramerkaslow.com/litigationvideos.php

http://www.AdvocatesAlliance.com/

http://mpoweredfinancial.com/k.....f-america/

http://www.sueyourlenders.com/.....-law-suit/

http://www.suemybank.us/Step5.htm

http://www.keepusinourhome.com/K-2.html

http://massjoinderaction.com/

http://twcpn.com/join.htm

http://lossmitigationsllc.com/

http://pakramerlaw.com/index.p.....;Itemid=58

http://brianpcrowley.com/massjoinderlawsuit/

http://homeownerlitigationserv.....awSuit.htm

http://www.homelifesolution.com/LitigationFAQs.php

http://www.free-press-release......72244.html

http://www.youtube.com/watch?v.....re=related

Here is the Compensation Schedule for K2 Affiliates I found on the web:

http://doc-10-94-docsviewer.go.....tsk4p4dh6h

And here is the training I found:

http://www.legacycareerdevelop.....-2010.html

Excerpt from the Compensation/fee schedule:

Quote:
The Following Lenders will need to have a Mitchell J. Stein Retainer Agreement:
Morgan, Chase, WaMu {Washington Mutual}, GMAC, and BOA / Countrywide

All other lenders will need to have the Kramer & Kaslow Retainer Agreement Completed.


Commission Break Down Examples:

Quote:
Example 1: Legacy Affiliate charges a client $5000 Retainer fee on a single lawsuit {no second mortgage}. Legacy Affiliate Commission will be $5000 - {Amount Charged Client} $2250 {our cost} = $2750 {Gross Profit Fee paid to Legacy} X 50% {Affiliate Commission Split} =

Example 2: Legacy Affiliate charges a client a $7000 Retainer fee on a single lawsuit {no second mortgage}. Legacy Affiliate Commission will be $7000 {Amount Charged Client} -$2250 {our Cost} = $4750 {Gross Profit Fee paid to Legacy} X 50% {Affiliate Commission Split} =

Example 3: Legacy Affiliate charges client an $6250 Retainer fee on a client that has two mortgages with the same lender {two lawsuits being filed} Legacy Affiliate Commission will be $6250 {Amount Charged Client} -$3250 {Our Cost for a client that has a first and second with same lender} = $3000 {Gross Profit Fee paid to Legacy} X 50% {Affiliate Commission Split} =

Example 4: Legacy Affiliate charges client an $8000 Retainer fee on a single lawsuit {no second mortgage}. Legacy Affiliate Commission will be $8000 {Amount Charged Client} -$2250 {Our Cost} = $5750 {Gross Profit Fee paid to Legacy} X 50% {Affiliate Commission Split} =


This is interesting based on this excerpt from Martin's article:

Quote:
Attorney Phillip Kramer, in his own words, made it quite clear that his firm was not responsible for the mailer I received or the telemarketing about which I’ve been notified. Once again, he says…

“I know of no outbound calling. If asked, I would not approve of that. I knew that some law firms wanted to send out mailers. I have insisted that everyone comply with State Bar rules and that anything with my name must be pre-approved. As of this date, no one has submitted any proposed marketing for my review. That piece was done without my knowledge.


I am happy to pay a referral fee to other law firms. I do not split fees, pay commissions, nor do I pay referral fees to non-lawyers. I do not use cappers, and have never authorized anyone to robocall, telemarket, spam email, or undertake any mass marketing on my behalf.”

So, if you want more information from Kramer and Kaslow about the “mass joinder” lawsuit, there’s only one way to get it… from the source’s mouth at Kramer and Kaslow. And nowhere else, because no other marketing efforts have been approved, according to Mr. Kramer.

As to the law suit… it’s a real lawsuit… and I’ll be following it closely here on Mandelman Matters, you can count on that.


Bolding was done by me for emphasis. It is also interesting to note that affiliates are supposed to ensure that customer payment is made to the law firms. If the law firms are not aware of the "ambassadors" actions in marketing the firms services, then how are the companies and ambassadors being paid?

File this under things that make you go hmmmm.....

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syntheticheroin
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Re: Mass Joinder Lawsuit- Kramer & Kaslow
PostPosted: Thu Feb 10, 2011 9:01 pm Reply with quoteBack to top

the dear client/retention agreement they send out is apparently signed by phil the attny ??

and looks fantastic.

they fail to establish trust about 9 different ways, sales approach as deeply flawed as it can be.

well beyond anything Tony Robbins could fix.

I'll pass.

Make it a Great Day.

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Do_the_math
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Re: Mass Joinder Lawsuit- Kramer & Kaslow
PostPosted: Fri Feb 18, 2011 8:48 pm Reply with quoteBack to top

This is really getting interesting. Kramer & Kaslow issued a consumer alert. Check out this webpage they created:

http://www.kramer-kaslow.com/news.html

Note the 23 Cease and Desist letters, and 54 banned websites.

A blog reader posted this comment in response to a blog article on K & K's consumer alert and linking K & K's website:


Quote:
John,
I worked for a company that was connected via contract with K2 and they are sending out BS letters and advising clients they are going to be included in litigation suit against BOFA, I have copies (made before I left) of what was and is being sent to the clients and sorry to say Phil your partners One to be specific are involved and has your permission. Nice try, let’s see if your background (impressive) can pull you out of this mess. I guess its true we all have a price.


And this comment:

Quote:
Thanks John! I pulled all my copies of letters being sent out and will share them all if it will help save another home owner from these predators. I like what I have read here and feel you are truly here to help and this is why I spoke up for the first time publicly. It’s a terrible feeling to report the issues to the company, the Attorney who contracted with the company (let’s call him E), I worked for and to no surprise he didn’t know anything and would look into it. The funny thing is when that same attorney was in our office and telling us about the partnership he seemed to be very much “informed and apprised” of the processes and today the company I worked for is still open and alive. Nothing changed. I work for a attorney now who is honest-don’t laugh, it’s true! I can look myself in the mirror today and that is priceless…


Here is a link to the blog article and comments:

http://www.piggybankblog.com/2.....mment-4969

Brookstone Law PC is connected to K & K. Brookstone PC is listed as an approved of counsel law firm for Kramer & Kaslow:

http://www.kramer-kaslow.com/

Quote:
Approved Of Counsel Law Firms

The Law Firms listed below are the solely exclusive law firms working specifically with Kramer & Kaslow. All others are not affiliated. In order to protect your rights and security in this case all matters pursuant to Kramer & Kaslow are only authorized through the law firms below:

Matt Davis Law Firm
Brookstone Law, PC
Mass Litigation Alliance,pc


There is also this document that is posted on K & K's authorized intake partner, Hartford Dunn, website. (The website is brand new)

hhttp://hartforddunn.com/pdfs/Hartford_Dunn.pdf

If you scroll down to the bottom of the document, you will see these words:

Quote:
"This communication emanates from the Law Firm of Brookstone Law. All rights reserved. Copyright 2011. Brookstone Law has licensed these materials from Mr. Riley and has a "Of Counsel" working relationship, accordingly only Brookstone Law and Mr. Riley is authorized to disseminate the foregoing information."


The title of the document is: "Mortgage Litigation Affiliate Practice". Read it.

Brookstone Law PC filed a case in Orange County (Wright v B of A):

http://www.piggybankblog.com/2.....s-release/

Please note that the same blogger who wrote the K & K consumer alert story is also the Plaintiff in the case, and again, Brookstone Law filed the case.

The case is Wright et al v. Bank of America, N.A. et al., case no.30-2011-00449059-CU-MT-CXC filed in Orange County Superior Court and was filed February 9, 2011.

http://www.johnwrightvsbofa.co.....ormed1.pdf

This case is not to be confused with Wright v B of A:

http://www.prweb.com/releases/.....755704.htm

http://westorlandonews.com/201.....uit-filed/

http://www.prweb.com/releases/.....755704.htm

John Wright was also the plaintiff in this case and was represented by United Law Group.

Like I said, this is getting interesting although the bouncing ball is hard to follow.

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usmcmom
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Kramer & Kaslow law is a scam!
PostPosted: Sat Feb 19, 2011 8:46 am Reply with quoteBack to top

Kramer & kaslow, Mass Joinder lawsuit Scam, Scam Scam
Kramer& Kaslow law, Mass Joinder Litigation Lawsuit, Mailing Is a fraud! Please don’t fall victim to these scammers who are fraudulently using a reputable lawyer’s name and reputation to scam people out of $5,000-6,000. What makes this so hard to investigate is the fact that the scammers are using a recognizable name and litigation that is actually a valid case. But unless you really sign up with Philip A. Kramer, from Calabasas, it is not legitimate. The fraudsters use really similar names, which makes it really hard to decide if it is a scam or not. So Mr. Kramer has tried to put a stop to it by making a cease and desist order on all the fake company’s and websites, that are using his name and reputation to lure you in to there scam. Please don’t be scammed like we were almost and if you were I would like to here from you. Good luck in your quest for justice. Mandelman matters, interviews Mr. Kramer about the Case and the fraud. Please go to his website for the full informatio
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