Have you been locked in a struggle with your bank trying to get a loan modification and avoid foreclosure? Have you supplied paperwork over and over again only to have them request what you have already sent them..... TEN TIMES??? Have you been told you do not qualify, but have a steady income that has been reduced due to a job loss or cut in pay? Have you suffered a hardship of some kind such as a medical problem or divorce and fallen behind on your mortgage or are wondering if you can make the mortgage payment next month? There is a government program that was developed to help homeowners in this situation.
Here are some basic guidelines of the government's Home Affordable Modification Program (HAMP):
HAMP has been extended to December 2015. Call us for a free evaluation to see if you qualify for the Home Affordable Modification. There are also non-government loan modification programs that are used by mortgage servicers that make up a significant percentage of successful modifications. If one does not qualify for the US Treasury HAMP modification, other modification program options can and should be explored.
In April, 2012, it was announced that the HAMP modification program was being extended to rental properties as well. Unfortunately, this does not apply to vacation homes or seasonal/vacation rentals which are specifically excluded from the government's HAMP loan modification program.
PREPARE FOR YOUR CONSULTATION
THIRD CIRCUIT FORECLOSURE MEDIATION PROGRAM
Contact us toll-free for a