punta gorda: Punta Gorda - Port Charlotte - North Port: HAMP Loan Modification Program: FREE Loan Modifications - 05/27/11 11:23 PM
In my last post I discussed the HAFA program which is the US Treasury short sale program. HAFA is an outgrowth of the HAMP program which was the US Treasury response to the mortgage crisis during the financial meltdown.
I suppose I put the cart before the horse because I didn't really go into much detail about the HAMP Loan Modification program. That's probably because the HAMP program has been considered a dismal failure by many real estate agents - not entirely without justification!
Nevertheless, the HAMP program has worked for some Punta Gorda - Port Charlotte - North Port home-owners, … (0 comments)

punta gorda: Punta Gorda - Port Charlotte - North Port: HAFA Short Sale Program - 05/18/11 09:13 PM
The government introduced the Making Home Affordable Plan (HAMP) as part of the financial bailout. The intent of the plan was to facilitate loan modifications to help people stay in their homes. Despite the best intentions, the plan didn't work as the housing crisis deepened. It quickly became apparent that more comprehensive action needed to be taken.
The natural outgrowth of the loan modification plan was the Home Affordable Foreclosure Alternative (HAFA) plan. It was intended for people whose loan modification - for whatever reason - did not work! The intent of the plan is to help homeowners either sell their … (1 comments)