The UGLY Truth About HAMP

Note: I am no longer practicing Real Estate - I want to leave this video out there for people who want to understand how loan modifications may workout for them.
HAMP is designed to help those who "barely" cannot afford their payments and for those who are not too upside down. During the trial modification the monthy savings is added to your loan balance. If your modification is rejected they will want the savings back! You may not qualify for a repayment plan! I have seen this happen to people I care about and they would have been better off not applying. Know Your Numbers First! HELP IS FREE and there many options to prevent foreclosure.

Category:

People & Blogs

Tags:

• HAMP
• HAMP Program
• Making Home Affordable
• Prevent Foreclosure
• Loan Modification
• Loan Modification Scam
• Norm Robert
• US Capital Realty
• Stop Foreclosure
• How HAMP works

[TheLIGHTinMYwindow]

DAMN IF YOU WEREN'T A REALTOR LOOKING FOR BUSINESS I WOULD HAVE LOVED YOUR VIDEO...

NOW YOU ARE AS SUSPECT AS THE BANKS... EVERYONE IN IT FOR THE BUCK...

[normrobert]

@TheLIGHTinMYwindow

You can still love my video... :) The story is very common and I just want people to understand how HAMP works to avoid frustration and make an educated decision. HAMP can be a good solution but families are getting hurt because they don't understand how it really works. They are all to often given false hope.

I've helped more families successfully get a modification rather than sell their home. I've never charged a dime for helping people save their home.

[ISSAY68]

what don't government give us the money, then we pay off the banking bastards98% of the morgage therefore actually pay the bank remaining 2% over the entire term of the mortgage loan and make it illegal for the banking fools to charge fees for early payment of mortgage loan. then everyone is happy...you guys think?

[ISSAY68]

what don't government give us the money, then we pay off the banking bastards98% of the morgage therefore actually pay the bank remaining 2% over the entire term of the mortgage loan stipulated with no additional fees from them.

[judithoo5]

thank you...