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HAMP and HARP: How Long Will These Programs Continue?

Legislation, Mortgage ModificationsBy Russell DeMott October 30, 2016

The Home Affordable Modification Program (HAMP) is set to expire in December of 2016, after being extended by the federal government several times over the past few years to allow homeowners who were affected by the Great Recession to modify their home loans. To date, the program has helped over 1.8 million families keep their…

Foreclosure Alternatives: Home Affordable Modification Program (“HAMP”)

Mortgage ModificationsBy Russell DeMott November 23, 2011

Written by Foreclosure Defense Lawyer, Graves H. Wilson, Jr. Foreclosure alternatives are critically important these days. More and more homeowners are finding that they are faced with the unhappy dilemma of having to decide whether to pay the mortgage or to feed the children. Several programs have arisen under the Obama administration designed to help…