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BANKRUPTCY AND HAMP
Now they work together
If you are behind on your mortgage and are trying to save your home, a new Federal Regulation can ease the process. If you live in the Chicago area and are considering The Home Affordable Modification Program[HAMP], you should understand the role personal bankruptcy can play while pursuing this type of loan modification.
In past years, bankruptcy filing made it unlikely that you could obtain a loan modification. THAT HAS CHANGED. In fact, now a bankruptcy can enhance the likelihood of being approved for the HAMP. You will still get the normal legal protections that come with Bankruptcy, but you could make a loan modification more likely.
LET US HELP YOU
If you are trying to save your home and are considering bankruptcy, The HAMP program or BOTH, you need qualified legal advice. Our attorneys are here to discuss all of your options. You will get a free consultation at anyone of our several locations. We have 50 years of experience in the bankruptcy field. Call us today at 312-273-1217 to set up a free consultation.
By Kerrie Neal