Archive for month: February, 2012

Are You Eligible for a Mortgage Modification?

HAMP Calculator The HAMP, Home Affordable Modification Program, calculator was designed to determine a homeowner’s eligibility for a loan modification.   HAMP sets forth the process for borrowers who are in default, at risk of immediate default, or in foreclosure to modify their mortgage payment targeted at about 31 percent of their gross monthly income.   The […]

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Telling Your Creditors You are Filing for Bankruptcy

Should you or Shouldn’t you tell? In general telling your creditors you are filing for bankruptcy should help you.  Once you have retained an attorney you can tell your creditors that you have done so and that they need to contact your attorney regarding any debt you may own.  The Fair Debt Collections Practices Act […]

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