Have you noticed how many name changes this government modification plan has gone through? HASP, Making Home Affordable Plan, HAMP...blah, blah, blah. Maybe they'll do a better job at getting the plan right, than they have at coming up with the right name. Hah! We can hope! :)
Anyway, I thought I'd update you on our case. We finally got our signed documents returned from Bank of America. These are only the ones we signed for the trial modification at the end of July. It took three months for them to sign and return our copy back to us (acknowledging the agreement, I suppose), but I'm told this is a good sign. We went ahead and continued making the lower trial payment for November, since that is what the HOPE Department told me to do. We'll see what happens from here, but I have hope that all will go well in the end. Call me an eternal optimist!
If you need information or support on how to start your own HAMP process, I highly recommend checking out Loan Safe. I got a lot of tips there that certainly helped to escalate things in our case.
Being a stay-at-home Mom often means you have to know how to do it all for your family and get it done yesterday. Add being a writer to the mix and you've got some extra full hands! I've learned a few tricks either through personal experience or through my love of researching. Looking for ways to help your family in hard times? I'm here to help. Follow me on my journey through this economy. I'll let you see my mistakes as well as my triumphs and share useful information along the way.
Saturday, November 7, 2009
Home Affordable Modification Plan
Labels:
dealing with a paycut,
HAMP,
HASP,
loan modification,
Making Home Affordable,
mortgage assistance
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