Occasionally, we meet with clients for the first time who have been struggling to gain mortgage fairness from their loan servicer or bank for many years. Such was the case with Virginia, who recently came in to tell us about her horror story.
In a way, over the past several years I’ve looked at President Obama’s signature mortgage relief program, the Home Affordable Modification Program, otherwise known as HAMP, as both the good news and bad news at the same time.
The Williamses came into our office in January of this year in dire straits. They had just received a Notice of Default from their mortgage loan servicer demanding a payment of over $28,000 within 30 days to bring their mortgage current; otherwise foreclosure would ensue.