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Loan modification and bankruptcy complicate each other (access required)

By Sylvia Hsieh
Staff writer
Published: December 4, 2009

Tags: , , , ,

While many debtors continue to hope for a loan modification for their home mortgage, the reality of the modification program is complicating life for bankruptcy attorneys. The HAMP (Home Affordable Modification Program), introduced in March 2009, provided guidelines for lenders to modify a home mortgage, such as capitalizing arrearages, extending a mortgage to 40 years and ...
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