Tag: new hamp

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Short Sale a Must?

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January 10, 2013
Bankruptcy, Foreclosure
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Short Sale I already modified my mortgage, but because of new circumstances I am late again. Must I Short Sale my home now? Not necessarily. You may be able to get another loan modification based on your “new circumstances.” The HAMP guidelines were recently changed to address this situation. Homeowners who have defaulted on a […]

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February 4, 2012
Foreclosure
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HAMP Changes The Obama Administration, The U.S. Department of The Treasury, and the U.S. Department of Housing & Urban Development recently announced important enhancements to the Home Affordable Modification Program (HAMP). The program is being expanded and made available to: • Homeowners who do not meet the 31 percent debt-to-income (DTI) requirement for a traditional […]