8 years Ago, MarcWites
Given the current condition of the real estate market, many home owners find themselves with a lot of debt, and some very tough choices. For those who are struggling to keep up with mortgage payments, both refinancing and loan modification can provide relief, but often such relief may be difficult to secure. In particular, when the value of one’s home has decreased to less than the amount that is owed on the home, it can be difficult to refinance or obtain a modification. Fortunately, there are some government programs that can help.
The Home Affordable Refinance Program (“HARP”), an official program of the Departments of the Treasury and Housing and Urban Development, may provide a solution for some homeowners who are not behind on their mortgage and owe more than the current market value of their property. While the following list does not include all requirements, you may qualify for this program if you meet these criteria:
See Home Affordable Refinance Program (HARP) (January 3, 2012) at (on file with Wites Law Firm).
HARP will end December 31, 2013. See Id. For a formal determination as to whether you qualify for HARP, you should ask your mortgage servicer. You can also contact Fannie Mae or Freddie Mac for help in determining if you may be eligible.
By the way, HARP is just one of a number of government programs designed to help homeowners in financial distress. So if, for example, you do not qualify for HARP because you are not current on your mortgage, you might be eligible for theHome Affordable Modification Program (“HAMP”). You may be eligible for HAMP if you meet all of the following criteria:
See Home Affordable Modification Program (HAMP) (January 3, 2012) at (on file with Wites Law Firm).
If you are not eligible for HARP or HAMP, don’t give up hope. There are several other programs which may be an option depending upon your specific needs and circumstances. A more detailed list of these programs and their requirements can be obtained from the Department of the Treasury and the Department of Housing and Urban Development. For more information, visit www.MakingHomeAffordable.gov. And of course, it is always a good idea to consult with an attorneywho has experience in dealing with such issues.
Authored by: David Sternberg an associate with Wites Law Firm
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Marc: Congratulations on the School Board settlement! Glad you were about to get a good result for your clients. Having been your adversary early on in the case, I can say it was a long battle and the great result was due to your persistence and creative approach to the litigation. Well done!Josh Eggnatz
Attorneys often convey a sterile attitude toward clients that is often void of sincerity and compassion, and may even be condescending. Marc Wites has not lost his humanity!! Mr. Wites is an attorney that continues to stay abreast of the law, which results in excellent results for his clients. Marc Wites is my “go to” attorney when I am looking for A-rated service and quality representation. I consider Marc as not only my attorney but a friend as well.David
An impressive chamber of knowledgeable attorneys/staff that stand ready to work tirelessly on behalf of their clients. Marc Wites is the quintessential Perry Mason advocate–erudite, prepared, and brilliant. He is ready to take on any legal challenge. Above all, he is understanding of the working class. Surely, he’s not just in it for the money; he genuinely wants to help people. Overall outstanding law firm.Raymond Brown
Mr. Wites accepted my case when other lawyers would not. He never promised what he couldn’t deliver. He was realistic, upfront and honest. He actually returns phone calls. And he is willing to explain the legal process and to take time to answer questions. I would definitely contact Mr. Wites if I ever needed a lawyer again.Karla