Failed Loan Modifications

By
Real Estate Sales Representative with The Chin Sells Team at Weichert Realtors

The HAMP program has helped some homeowners, but hurt many others.  With the structure of the HAMP program, some banks are making extra money by checking the boxes from the program and earning their bonus.  Unfortunately, the banks still foreclose upon some of the homeowners making this program a disgrace.

I posted an MSNBC video on my main blog about this subject.

HAMP Failure Video

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Topic:
Lending / Financial
Location:
Virginia
Tags:
foreclsoure
loan modification
hamp

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Rainer
78,290
Katherine Fornale
REMAX REALTY 9 - Howell, NJ
SFR, GRI

This is a disgrace, people with financial problems are getting screwed over on all fronts.  Banks are one of the reasons why we have this financial crisis now, and here they are being allowed to double dip!  I would like to know the exact criteria for being approved or disapproved up front.

BOHICA (bend over, here it comes again)

Feb 07, 2011 04:27 AM #1
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Rainer
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Ed Urbaniak

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