Press Release on the HAMP Program
July 26th, 2009, 7:23 am
The United States Treasury Deptartment published a press release in March of this year that details the new Home Affordable Modification Program (”HAMP”). I have written many blog posts with respect to this program and have personally been able to use this program to help many clients. I thought it would be a good idea to post the link on the Massachusetts Bankruptcy Blog to this Press Release: http://www.treas.gov/press/releases/reports/modification_program_guidelines.pdf
If you have any questions, you can always contact a bankrutpcy attorney in your area to discuss HAMP.
Will said,
October 11th, 2009, 5:46 pm
I am considering a Chapter 13. My residence is worth $350K and I owe $440 on the first and 101K on the second (due to declining values).
I have a rental home that is worth $170K and I owe $220 on the first and $70K on the second.
Have you heard of any successes with lien stripping mortgages when filing a Chapter 13? Thanks.
Will said,
October 11th, 2009, 5:51 pm
I forgot to mention that I have requested a loan modification from my lender - it took them seven months to say they couldn’t help me because I make too much $.