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• "I sent this letter certified after receiving the free guide [from] Phillips & Garcia P.C. Saved Foreclosure. Thanks a million!" A.D. from Colorado
• After seeing first hand what you are up against concerning the big banking companies, we are even more amazed that you are willing to fight the fight. The little guy needs your help and your fearless attitude. You are good people and true Americans. We are honored to be called your friends. R.R. - Mich., Lockout & Trashout Victim
• The attorneys were very professional and I felt as though they always had my best interest in mind. Without them I would have been pushed around and just another number to the bank. N.L., Wrongful Lockout Victim
• Thank you Mr. Phillips. If we hadn't found you the [Bank] would have foreclosed on our property and I can't imagine the misery that they would have caused. S.N. - Arizona

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What is HAMP and how does it affect home foreclosures?

A:

HAMP stands for the Home Affordable Mortgage Program, a government program which was designed to help homeowners avoid losing their homes to foreclosure. This program makes $75 billion in loan modification funding available, which allows borrowers to lower their monthly payments and (ostensibly) keep them from losing their homes.

Under HAMP an eligible homeowner may reduce their mortgage payments to 31% of their pre-tax income (or lower). Additionally, the Obama administration has issued a directive to prevent foreclosures while HAMP loan modifications are in process.

Do I qualify for HAMP? 

To qualify for HAMP you must:

• Live in your home as your primary residence
• Have a monthly mortgage payment that is more than 31% of your pre-tax monthly income
• Have a loan on your house that is no more than $729,750
• Be unable to pay your current monthly mortgage payment
  
  

How do I apply for HAMP?

If you qualify for HAMP and would like to receive financial assistance under the program, you can call your lender to find out if they are participating. Before you make the call you will need to have all your financial papers in order. And don't be surprised if the process takes longer than you would prefer.

It is important to exercise caution when signing up for HAMP. It can negatively affect your credit rating and there are instances in which lenders will knowingly violate the terms of HAMP and foreclose upon a property.

Contacting a Massachusetts Wrongful Foreclosure Attorney 

If you signed up for HAMP and your lender has violated the terms of the program or proceeded with a wrongful foreclosure against you, contact a Massachusetts wrongful foreclosure attorney at Phillips & Garcia to schedule your legal consultation today - 1-877-892-5620.

Legal Help for Wrongful Foreclosure and Seizure in Any State.  Phillips & Garcia, P.C., a leading law firm in wrongful foreclosure and seizure cases, is now taking cases in any state where there has been a wrongful foreclosure, lock-out and trash-out of a borrower's home.  We are licensed in Massachusetts and associate with a qualified attorney in your state. 

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