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310.376.9865
A recent article describes what Bankruptcy Attorneys have known all along, HAMP (loan modification) is a negative for homeowners in distress. The GAO surveyed housing counselors, and76% of 400 counselors reported the overall experience as a negative.
The counselors have reported that the documentation that homeowners provide to the bank is frequently lost, it takes seven months or longer to be denied or approved, and more applicants were denied than were approved.
Again, this is no surprised to bankruptcy attorneys, who became aware of these complaints 6 months into the HAMP program.
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- Los Angeles/Orange County Bankruptcy Attorney
- Law Offices MJ Mann Bankruptcy Attorney
- 2706 Artesia Blvd, Suite BK
- Redondo Beach, CA 90278
- 310.376.9865
