Thursday, February 14, 2013

HAMP Loan Modification and Credit Report

Question: Will getting a HAMP loan modification be reflected on my credit report?

Response: Yes, if the loan is permanently modified under HAMP, the bank will report that to the credit bureaus and your credit report will state loan modified under HAMP or under a government program. Initially, the credit score will drop but once you begin making timely payments again, the credit score will start increasing.

In the legal blog, Attorney Svetlana Kaplun addresses typical questions our firm has received from our clients, or come across from homeowners related to foreclosure, foreclosure defense, loan modification and bankruptcy topics.

The information contained in the legal blog of Attorney Svetlana Kaplun is for informational purposes only, and should not be construed as a legal advice on any subject matter. Please read our full disclaimer or contact the Law Office of Svetlana Kaplun, P.C. by telephone at 718-444-1115 for more information.
Copyright © 2016 Law Office of Svetlana Kaplun, P.C.

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