HAMP can also help those who have filed Bankruptcy


The Making Home Affordable Program can help homeowners keep their homes even if they have filed a bankruptcy. The HAMP program helps homeowners modify their mortgage to make their payments more affordable.

Some of the requirements for HAMP are:
– Monthly mortgage payments including tax, insurance and association dues which exceeds 31% of the debtors’ gross income
– Ownership of a one- to four-unit home which is the principal residence for the debtor
– The mortgage having been received prior to January 2009
– The amount of the mortgage being equal to or less than $729,750 (on the first mortgage)
– Documented financial hardship
To apply for HAMP, a homeowner must submit an initial packet to their mortgage servicer. This packet must include a completed Request for Modification Affidavit, A completed Tax Authorization Form, and proof of income. These forms can be found at www.MakingHomeAffordable.gov.

Written by Hoglund Law

The attorneys of Hoglund law are licensed in Minnesota, Wisconsin and Ohio. Hoglund, Chwialkowski & Mrozik, PLLC is based in Roseville, Minnesota. In addition to handling cases involving bankruptcy & social security, Hoglund, Chwialkowski & Mrozik, PLLC handles faulty drugs and toxic exposure.

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