HAMP has failed at generating the initial guaranteed 3 to 4 million permanent loan modifications


HAMP has surpassed its one millionth trial or permanent mortgage modification between June 2010 and July 2012.

The Treasury reports: 770,834 borrowers either did not qualify for the program during that period, or failed to finish a 90 day trial.

229,185 permanent modifications re defaulted after making the first three consecutive monthly payments...

A short sale may be a viable solution!
  • November 18 2012 - Las Vegas
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