HAMP


VIDEO: Do these people actually help you get a loan mod? Or are they just scams? Alabama Foreclosure Attorney Judson E. Crump

Answer: Most of them are scams. Here’s how you know: 1) They promise legal advice, or pseudo-legal advice. “Forensic audits” are a big keyword they like to use.

2) They promise to stop a foreclosure without bankruptcy, unless they’re very experienced lawyers located in your county. Why? You can’t stop a foreclosure without a bankruptcy or TRO in Alabama.

3) Up Front fees. Or advising you to quit paying your mortgage company and start paying them instead. Use common sense. Call a real lawyer.


Do you need a lawyer or any other professional help to get a Loan Modification? – Alabama Consumer Credit Attorney Judson E Crump

No.  Every mortgage company has its own program for administering requests for mortgage modification or hardship assistance, and most mortgages are serviced by a company that participates in the Making Home Affordable Program that was executed by the Obama administration (but actually created by Congress and George W. Bush just […]


How the HAMP Program Works, supposedly. – Alabama Consumer Credit Attorney Judson E Crump 2

The HAMP Program says this about itself: “The Making Home Affordable Program was announced by the U.S. Department of the Treasury in February 2009 in an effort to help stabilize the housing market and provide relief for struggling homeowners.” OK, that’s real nice, but how, exactly does it work? There […]