Homeowners Suing for HAMP…But WHY???

The Making Home Affordable's Loan Affordable Program Has Left Too Many Homeowners Scratching Their Heads Checked out Mandelman Matters blog about the HAMP law suits. It's great that homeowners are getting there day in court, but I am wondering if it really matters? Let's face it, these loan modifications are not working. Even if you have your day in court and the judge tells the bank , " you are hereby ordered to reduce this man's payment", you are still underwater in your mortgage and most likley decades away from a break even point. You can sue, but why? Check out Mandelman's blog for the story. … [Read more...]