President Obama's foreclosure rescue plan, the Home Affordable Modification Program (HAMP), was enacted to help struggling homeowners keep their property. The plan was allegedly designed to make mortgage payments more affordable by encouraging lenders and homeowners to negotiate loan modifications to magically pull the real estate market out of the sewer after it was ruined by unscrupulous lending practices.
It is crystal clear that the plan has not worked as was supposedly intended. Many borrowers have taken the necessary steps to achieve loan modifications under the plan only to encounter undue delays and complete confusion with their lenders.
McKinney Mortgage Modification Lawyers
If you are having trouble keeping up with your mortgage payments and are facing foreclosure or your modification attempts failed, then we can help you. For example, if you are behind on your home due to failed HAMP modification attempts, a Chapter 13 bankruptcy is a real plan that can help you get caught up. Our experienced bankruptcy lawyers are happy to explain how the procedure works at a free consultation.
Filing for Chapter 13 bankruptcy puts an immediate end to creditor actions such as foreclosure, lawsuits and judgments. No two debt situations are alike. We never push or pigeonhole our clients into bankruptcy. However, for many struggling homeowners, filing for bankruptcy is the only way to save their property and obtain relief from burdensome debt.
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Pelley Law Office, L.L.P. is recognized as a leader in the bankruptcy law field. We have helped thousands of clients file for bankruptcy protection since 1974. To schedule a free consultation with one of our bankruptcy law attorneys, contact our law offices. We will explain your options, and you will be under no obligation to hire us.
Pelley Law Office, L.L.P. has been named by The United States Congress in Washington, D.C. as a debt relief law firm and we help people file for bankruptcy relief under the Bankruptcy Code.
