The Home Affordable Mortgage Program (HAMP) is a program that is designed to help financially struggling homeowners to avoid foreclosure. HAMP can assist homeowners by modifying loans to a level that will make them affordable and sustainable in the long term. There are clear guidelines regarding loan modifications under the HAMP program that lenders and banks can use when working with their debtors.
At the Law Office of Ernest B. Fenton P.C., in Cook County, the success of our clients is our goal and using programs like HAMP has allowed us to provide that success. Our lawyers can work with your bank to modify the terms of your existing mortgage and/or pursue other legal remedies to your problems. For more information about HAMP and how our firm can help you, contact us for a free, 30-minute consultation.
HAMP Attorney Serving the Orland Park Area
You may be eligible for HAMP if you can answer yes to the following questions:
- Is the home your primary residence?
- Is the amount you owe on your first mortgage equal to or less than $729,750?
- Are you having difficulty paying your mortgage?
- Did you get your current mortgage before January 1, 2009?
- Is your payment on your first mortgage — including principal, interest, taxes, insurance and homeowners association dues — more than 31 percent of your current gross income?
- Are you the owner of a one- to four-unit home?
Our Illinois attorneys will work with you to understand your situation and provide guidance about your eligibility for HAMP. If a loan modification is not in your best interests, and there is a better option available, we will be upfront and honest with you.
Contact a Cook County Home Foreclosure Defense Lawyer
Talk to Chicagoland attorney Ernest B. Fenton regarding the Home Affordable Mortgage Program. Send us an e-mail describing your situation or call us at 708-365-8624 or toll free at 800-416-9387 to schedule an appointment with an experienced attorney.
