HAMP Modification Program - Beware of Pitfalls
Real Estate Related News
Everyone who applies for Obama's HAMP modifications should be warned about the potential problems. How many homeowners have lost their homes to foreclosure through ignorance when entering the HAMP trial payment program Forewarned is forearmed. Bank reps do not warn you about the things you should not do when entering HAMP. They imply that HAMP is the solution to all your problems. But in fact, it is not. You need to understand the problems with the program and work within its constraints in order to successfully avoid foreclosure in this way.
Source: Real-Estate:Foreclosures