Friday, January 29, 2010

IS IT TOO LATE FOR HAMP IMPROVEMENT?

(HAMP = Home Affordable Modification Program)

We have a lot more foreclosures coming if we don't give people some REAL help so this may make a difference:
By getting the paperwork to servicers before the trial "mod" process begins, borrowers are likely to benefit, because once a HAMP trial begins, they're guaranteed a permanent modification as long as they make the three trial payments on time. Right now, many are turned down even after making three trial payments.

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