Why Your HAMP Modification Was Denied

Posted on August 8, 2011


The underlying mortgage note was lost. A HAMP modification cannot be legally made unless there is possession of the underlying note. Since many, if not most, underlying notes cannot be found by the mortgage company, most HAMP applications are denied, whether or not the home owners qualifies.

Yet another example of big bank fraud, on the tail of their bailout by the U.S. taxpayer.

I have faith in democracy, though. I believe, in the end, the people who pay the bills – you – will be heard in the end.