Government Programs

Many people ask “what about the Government Program?” or “what about the rules surrounding HAMP?”. Simply put , the Federal Government did a very poor job launching the program. There are no specific rules that the banks must follow.

The banks misused the TARP money that was given to them to fuel the HAMP program. The HAMP program is a 180+ page list of “gray area” rules and laws. Banks will twist the context of many of the laws to find a way to deny the homeowner for a modification. Banks will use bait and switch techniques against the homeowner during the HAMP qualification process. Hence, you must argue your way into the HAMP program. This is a very daunting task for the homeowner to handle.