Denied For HAMP - What to Do Next?

There are a ton of folks who have tried to obtainpaperwork. Keep all this stuff together so you have
Home Affordable Modification Program (HAMP)access to it at a moment's notice.
assistance but were turned down. If you are one ofOkay, now you are really on your way. Next, you
those people, take heart because you are not alone.need to carefully read that HAMP denial letter that
If you are feeling frustrated because you did whatyou received in the mail. If it is a very general letter
you thought you were supposed to do but openedwith few to no details as to why you were denied,
your mail and discovered you were denied for HAMP,you need to call them up and find out the exact
here is what to do next.reasons you were turned down. You also need to
First of all, remain calm and get yourself into the rightget information from them about how they go about
frame of mind. Nothing will harm your chances ofdetermining who is accepted into the HAMP program
getting the assistance you need and deserve fasterand who is not. Once you know the rules of the
than an attitude problem. If you give up, you will getgame, you are much more likely to win, right?
nothing. So, take advice from our forefathers and pullObviously calling your lender may not be your most
yourself up by your own bootstraps and be ready tofavorite thing to do. That's why using a loan
tackle this problem.modification service is highly suggested. They
Second, get all your ducks in a row. Get copies ofunderstand your lender's language and will do all the
pay stubs, bank statements, utility bills, car notes,work for you. They'll be able to figure out why you
and the paperwork for all other sources of incomewere denied the first time and make the necessary
and expenses. Also, find your original mortgagechanges to get the approval you need.