New Home Affordable Modification Program (“HAMP”) Loan Modification Guidelines Taking Effect June 1, 2010

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On March 24, 2010, new Home Affordable Modification Program (“HAMP”) loan modification guidelines were issued, taking Effect on June 1, 2010. Whether you are struggling to make your first lien mortgage payment, are considering a Chapter 7 or Chapter 13 bankruptcy, or have a family member or friend in these circumstances, this short read should be interesting.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Jeff Butler, PEARSON, BUTLER & CARSON, PLLC | Attorney Advertising

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