Since I live in the Phoenix AZ area, I have lots of friends who have applied for mortgage modifications (a.k.a. loan restructuring). Due to the apparent backlog at the banks, I’ve had an unfortunate ringside seat at the miserable sagas of friends who are desperate to do the right thing and pay off their home [...]
Entries Tagged as 'HAMP'
Raise Your Hand if You Received an Unsolicted Mortgage Restructuring Offer
July 30th, 2010 · 1 Comment · Mortgages
Tags: HAMP·loan modification·loan representitives·Making Homes Affordable Program·mortgage refinance·mortgage restructuring·Mortgages·unsolicited offers
Benefits of the New Home Affordable Foreclosure Alternatives Program (HAFA)
March 1st, 2010 · No Comments · Mortgages, Real Estate
Yes, another government program to help struggling homeowners, this one designed for those who cannot be successfully assisted by the Home Affordable Modification Program (HAMP). Under the Home Affordable Foreclosure Alternatives program ( HAFA), a borrower may be able to avoid foreclosure by completing a short sale or a deed-in-lieu of foreclosure (DIL). Although the outcome is still [...]
Tags: deed-in-lieu of foreclosure·foreclosure prevention·HAFA·HAMP·Home affordable forclosure alternatives·Mortgage Loans·Mortgages·short sales
A Good Forclosure Defense: Home Affordable Modification Program (HAMP)
September 28th, 2009 · 5 Comments · Mortgages
Many people are facing foreclosure today. If you are one of them, you may be able to delay the process or halt it all together without stepping a foot into court. As part of the “Making Homes Affordable” program, a.k.a Home Affordable Modification Program (HAMP), mortgage servicers are required to review the eligibility of any [...]
Tags: foreclosure·foreclosure procedure·HAMP·Home Affordable Modification Program·lender·Making Homes Affordable Program·Mortgage·mortgage servicer
