Recent Posts in Obama Program Category
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 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 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 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 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
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!" »