Nov 12
Between Hurricane Sandy and the elections, the mainstream media has had its hands full for the past few weeks. The housing sector saw its ups and downs, with political critics questioning the future of HARP and HAMP if President Obama had lost the election. Meanwhile, Hurricane Sandy has resulted in estimated losses of about 20 …
Nov 02
Home Affordable Modification Program (HAMP) is a program initiated by the Obama administration in order to help homeowners who are employed, but are still struggling with their payments. At first there was much debate about the program within the financial and political sector, but ever since its introduction, HAMP has proven itself to be a …
Dec 10
Refinancing guidelines have recently been changed by the Obama administration in order to help more struggling homeowners who have negative equity. This means if you have stayed current on your mortgage for the past 12 months and upside you may qualify, that’s where HARP 2.0 comes in. Implemented in October, HARP 2.0 is the Federal …
Aug 05
As shortly as next week the White House will be announcing a new mortgage relief program. While the details are unclear it is expected to finally break the negative equity wall and begin to allow homeowners who are “not seriously delinquent” an opportunity to refinance – that’s right, there will be criteria under which underwater …
May 03
Below is a true case of how we negotiated a loan modification for a client. In March 2011, our firm was negotiating a conciliationi with Chase (Home Finance LLC) whom was servicing a loan for their parent company JP Morgan Chase Bank. In this particular negotiation our client was approved for a HAMP modification. The …
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