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Tacoma Bankruptcy Attorney Dave Yando: Ease Stress, Stop Foreclosure with Home-Loan Modification

Tacoma bankruptcy lawyer Dave Yando provides best strategies to combine Obama Administration’s home-modification program with Chapter 13 for financially strapped homeowners.

 
 
Tacoma Bankruptcy Attorney Dave Yando
Tacoma Bankruptcy Attorney Dave Yando
PRLog - Feb. 18, 2011 - Homeowners can combine loan modifications under the Obama Administration's HAMP (Home Affordable Modification Program) with Chapter 13 to eliminate or greatly reduce most other debts, according to Tacoma foreclosure attorney Dave Yando.

“This strategy was made much more feasible by recent changes in the mortgage modification program directives that prohibit mortgage companies from discriminating against homeowners who are in bankruptcy cases,” explains Mr. Yando in one of his many free valuable legal analyses (http://www.yandolaw.com).

“It is sometimes possible to obtain a loan modification before filing a bankruptcy case and then file the bankruptcy, under chapter 7 or chapter 13, to deal with other debts,” writes Mr. Yando.  

Mr. Yando explains more details in his finance tips for the average consumer, homeowner or business owner.

“Homeowners can also submit a loan modification request after a chapter 13 bankruptcy case has been filed, and incorporate the proposed modification into a chapter 13 plan to be approved by the court once the mortgage company agrees to modification,” adds the Tacoma bankruptcy attorney.

“A substantial portion of first mortgages are eligible for HAMP relief either as Fannie Mae or Freddie Mac related mortgages (GSE Loans) or as the mortgage servicer has agreed to participate in HAMP (non-GSE Loans),” advises Mr. Yando.

“The filing of the chapter 13 petition stops any pending foreclosure sale,” adds Mr. Yando.  

For more details in Mr. Yando’s analysis: http://www.yandolaw.com/archives/874

Mr. Yando provides bankruptcy clients five benefits: http://www.youtube.com/watch?v=3zw2p6KYGcg




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Tacoma bankruptcy attorney David Yando helps businesses and people with debt relief and bankruptcy services. He has more than 30 years of hands on experience in planning and litigating debt relief matters. This includes bankruptcy, real estate and taxation.

Photo:
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Contact Email:
***@yandolaw.com Email Verified
Source:David Yando, Attorney
Phone:(253) 284-9909
Zip:98402
City/Town:Tacoma - Washington - United States
Industry:Business, Finance, Consumer
Tags:foreclosure, chapter 13, home modification, plan, tacoma, bankruptcy, lawyer, attorney
Shortcut:prlog.org/11312774
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