Tag Archives: loan modification
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 […]
Can a Mortgage Modification Help You?
Mortgage foreclosure defense is a way to avoid foreclosure and keep your home if you can no longer make your mortgage payments. It consists of changing the terms of your original mortgage to better suit your current financial situation. The process consists of sitting down with your bank or other mortgage lender and agreeing to […]
