Recent Posts in HAMP Category
Posted on Jul 5, 2011 By Florida Foreclosure Defense Attorney
Treasury released new numbers for the Home Affordable Modification Program (HAMP). New this month is data on the program's Principal Reduction Alternative (PRA). Servicers have cut principal ...
Continue reading "HAMP Stats and Principal Reductions" »
Posted on Mar 28, 2011 By Deborah A. Carman, Esq.
Unlocking the Secrets of the Net Present Value Test Our office receives daily calls from homeowners who have become frustrated as their loan modification process either drags on with no end in sight ...
Continue reading "Don’t Let HAMP, Hamper Your Life!" »
Posted on Jan 5, 2011 By Deborah A. Carman, Esq.
Although the statewide data was incomplete, it undoubtedly indicates that Florida's Foreclosure Mediation Program has failed. As I anticipated from its inception, the Foreclosure Mediation Program has ...
Continue reading "Florida's Foreclosure Mediation Program produces little results" »
Posted on Jan 1, 2011 By Deborah A. Carman, Esq.
After more than four years of plunging home values hundreds of thousands of Florida homeowners will begin another New Year owing more on their mortgages then their homes are worth. For those of you ...
Continue reading "Foreclosure Crisis will continue through 2011" »
Posted on Dec 29, 2010 By Deborah A. Carman, Esq.
Of course you should. Why would anyone even ask such a question? We are faced with the worst housing market collapse since the Great Depression, 6.92 million U.S. properties are delinquent or in ...
Continue reading "If I’m at risk of losing my home, should I hire an attorney?" »
Posted on Dec 22, 2010 By Admin
Hire a debt relief and foreclosure defense attorney … The ongoing banking crisis is a perfect opportunity to literally engage the bank in a sort of a hand to hand combat. I'm pretty sure we all have ...
Continue reading "It’s a New Year, I’m Underwater, No Modification, now what do I do?" »
Posted on Dec 17, 2010 By Deborah A. Carman, Esq.
As we reported previously the disorganization at banks has caused homeowners to lose their homes while still in the loan modification process… something that's not supposed to happen under the rules ...
Continue reading "Banks Continue to Foreclose on Homeowners Seeking Loan Mods" »
Posted on Dec 6, 2010 By Deborah A. Carman, Esq.
On Saturday the Palm Beach Post published an article by Kimberly Miller entitled " Bank evicts, then offers Boca Raton couple a loan mod " - one of the many heartbreaking stories of how someone loses ...
Continue reading "Bank evicts, then offers Boca Raton couple a loan modification " »
Posted on Nov 29, 2010 By Admin
Strategic default is a process by which homeowners that can afford to continue making their monthly mortgage payments, make a calculated financial decision to default on their mortgage in order to ...
Continue reading "Strategic Default is increasing for those who have no choice. " »
Posted on Nov 18, 2010 By Deborah A. Carman, Esq.
I continue to hear the horror stories every day from homeowners spending more than a year, that's right more than a year, trying to have their mortgages modified. They are faced with stall tactics by ...
Continue reading "HAMP and the Horror Stories" »
Posted on Nov 4, 2010 By Admin
Before hiring the Carman Law Firm to defend a foreclosure law suit filed against their Palm Beach County home, our client all but begged Sun Trust Mortgage to modify their mortgage. The client did ...
Continue reading "Carman Law Firm, P.A. settles Sun Trust Foreclosure Case" »
Posted on Nov 2, 2010 By Admin
"Many homeowners end up facing foreclosure solely on the basis of the arrears accumulated during a trial modification," said Julia Gordon , senior policy counsel at the Center for Responsible Lending, ...
Continue reading "Mortgage Modification Forcing Borrowers into Foreclosure" »
Posted on Oct 27, 2010 By Admin
Are you a homeowner who's struggling to pay your mortgage and not getting any help from your lender? Are you seeking a loan modification through the government program, HAMP, with no success? Are you ...
Continue reading "Tell Us Your Story" »
Posted on Aug 31, 2010 By Admin
President Obama's foreclosure rescue plan lost its punch a long time ago, just another sign that struggling Florida homeowners should not wait for the government to help deal with their bad mortgage ...
Continue reading "Government assistance may not be the best option for Florida homeowners" »
Posted on Aug 7, 2010 By DEBORAH A. CARMAN, ESQ.
Since the housing crisis began we have all been talking about reducing the principal balances of underwater mortgages as a way of addressing the foreclosure crisis and keeping homeowners in their ...
Continue reading "HAMP’s New Principal Reduction Alternative Program" »
Posted on Aug 3, 2010 By Admin
We are extremely happy to announce that the Carman Law Firm was granted one of the exclusive licenses for law firms to use the report generated by the REST software system to provide homeowners with ...
Continue reading "Carman Law Firm, P.A. is Granted a License to a Loan Disposition analysis system that, in various forms, is used by major banks " »
Posted on Jun 29, 2010 By Deborah A. Carman, Esquire
As a push for short sales grows ever stronger many ask themselves why someone else is getting the better deal. According to CoreLogic more than 11 million borrowers currently owe more on their ...
Continue reading "Short Sales - Why is someone else getting the better deal?" »
Posted on Jun 16, 2010 By Deborah A. Carman, Esquire
Fannie and Freddie appear to be reacting to the wave of walkaways: Homeowners who look at their mortgage bills and decide that they're paying too much for homes that have declined greatly in value. ...
Continue reading "Fannie Mae & Freddie Mac Reacting to Strategic Default" »
Posted on May 7, 2010 By Deborah A. Carman, Esquire
I had to comment on an article just released touting how Fannie Mae and SunTrust Bank, are suddenly going to assist distressed Florida homeowners through the CCCS (Consumer Credit Counseling Service) ...
Continue reading "Fannie Forms New Partnership with SunTrust Bank to Help Distressed Florida Homeowners" »
Posted on May 7, 2010 By Deborah A. Carman, Esquire
In this country a lender choosing to modify your mortgage is a voluntary act, not law . HAMP, the Homeowners Affordability Mortgage Program, also known as the Making Home Affordable Program MHA and/or ...
Continue reading "HAMP, Homeowners Affordability Mortgage Program is not a law!" »