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HAMP Modifications

As an ancillary service to bankruptcy representation, we can assist you with obtaining a HAMP modification, should you be interested and should you qualify.

What is a HAMP modification?

HAMP stands for "Home Affordable Modification Program," and is a part of the TARP program. It is a quasi-voluntary program with the goal of limiting monthly payments on 1st mortgages to 31% of a household's gross income. Many servicers have signed servicer participation agreements to modify loans under HAMP, and new servicers continue to join the program each week. Loans owned or guaranteed by Fannie Mae or Freddie Mac are automatically eligible for HAMP.

What can a HAMP modification do for me?

It can potentially adjust your interest rate.
It can potentially extend the term on your mortgage.
It can potentially provide principal forbearance in extreme cases.

Am I eligible?

Is the Lender a participant in the HAMP program?
(see the list of participating servicers )
Is your home owner-occupied?
Is the principal balance owed on the home less than $729,750?
Cumulatively, are the mortgage payments, taxes, insurance payments, and Home Owner's Association dues greater than 31% of your gross income?
Are you at risk of imminent default?
Is this your first HAMP attempt?
Can you not afford the loan?
Is this a "first" mortgage, meaning that you did not refinance your home?

If "yes," is the answer to all 7 questions, then we might be able to obtain a HAMP modification on your loan. Return to Bankruptcy Resources

In Orlando-Daytona-Melbourne:

In Tampa Bay:

In Sarasota to Ft. Myers:

407.629.5923

727.894.2099 or 813.600.5889

941.870.4318

Contact us by Email

Tell us a little about your situation:

Tampa Bay Office: 111 - 2nd Avenue N.E. • Suite 900 • St. Petersburg, Florida 33701 Phone: 727-894-2099 • Fax: 727-565-4992

Central Florida Meeting Location: 1800 Pembrook Drive Suite Maitland, FL 32810 (NOTE: This is not a mailing address) • Phone: 407-629-5923 • Fax: 727-565-4992
Appointments available in south Orlando and Maitland

Disclaimer: The purpose of this site is to present options available for resolving outstanding debt issues, not to provide legal or professional advice. Each person's case is fact dependent. You should not assume that any particular option discussed herein would apply in your case or be beneficial to you. You should consult with an experienced and licensed attorney to review the options that may be applicable to your fact pattern. Sending us an email or requesting information does not create an attorney-client relationship.

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