Tag Archives: HAMP
HAMP Gets an Extension
The federal government established the Home Affordable Modification Program to ease restrictions on extending credit to help American homeowners who were struggling with debt in the failing economy. The HAMP Program’s sole purpose was to offer home loan modifications to homeowners to avoid foreclosure. When the program was introduced in 2009, approximately 12 million homeowners […]
Which Works Best for You — HAMP or HEMAP?
Various choices are available for loan modifications and determining the best option for you can be confusing. You may have heard of HAMP, a federal loan modification program. HEMAP is the loan modification program that the Pennsylvania state government offers homeowners. Your mortgage foreclosure defense specialist is probably the best judge of which program would […]
