sgip
Well-known member
Per HAMP guidelines if you've told your lender you cannot afford your home AND if the mod is not granted, your lender will likely refer you to a short sale specialist to suggest ways to dispose of your property.
I don't believe many people who started the HAMP process thought far enough in advance and asked the question: "what if I don't get the Mod the program says I might?". This will make for a very interesting April when the HAMP mods in process come to an end.
Do you think the Admin will encourage lenders to SS people out of their homes since they've already said they can't afford them, or will some other "extend and pretend" scheme come up?
I don't believe many people who started the HAMP process thought far enough in advance and asked the question: "what if I don't get the Mod the program says I might?". This will make for a very interesting April when the HAMP mods in process come to an end.
Do you think the Admin will encourage lenders to SS people out of their homes since they've already said they can't afford them, or will some other "extend and pretend" scheme come up?