In 2009, President Obama announced The Homeowner Affordable Modification Program (HAMP), which provides financial assistance to millions of homeowners in danger of mortgage foreclosure. On March 4, 2009, United States Treasury Secretary Timothy Geithner detailed the Making Home Affordable program, to stabilize the housing market and help homeowners avoid foreclosure. The Government is offering to assist as many as 9 million homeowners struggling to make their monthly mortgage payments and facing foreclosure.
Each real estate attorney at the law firm of Rubin & Licatesi, P.C. has expertise in navigating the complexities of loan modifications. We have assisted hundreds of distressed and troubled homeowners who have faced mortgage foreclosure.
Our experienced attorneys also discuss other ways to save your property without going through the complexity of a government program. With three decades of experience, we know many local lenders and their concerns. We can often successfully negotiate terms for loan modifications when our clients have been unable to do so.
Your best chances for success involve taking action while you still remain current on your loan payments. Once you stop making payments, the HARP option no longer exists, and most lenders are likely to begin the foreclosure process.
If you want to consider loan modifications to help save your property, or if you face any legal issues pertaining to your first or second mortgages of your residential or commercial property, please call the Long Island real estate law firm of Rubin & Licatesi, P.C. at 516.204.7715 or contact us online today. Our firm also represents clients in Nassau, Long Island and throughout New York.