I was in court Wednesday for a status conference. The case involves a Foreclosure. US Bank versus my client. After I filed an Answer to the Complaint and Counterclaims. The Parties set about trying to resolve the matter through the Milwaukee County Foreclosure Mediation Program, conducted by Marquette University Law School.
In accordance with the required steps of the program my client met with a Housing Counselor and the Counselor prepared her recommendation. US Bank then requested some additional documentation regarding his income. We submitted the information 3 months ago.
At the status conference the Judge wanted to know what’s going on with the case? So did I. The attorney for US Bank informed the Judge they needed more time to conduct a HAMP Analysis. He went even further, it is routine now for a HAMP Analysis 6 to 9 months to complete.
I believe that back log is going to get even worse. Under Treasury Directive 10-02 persons in active Bankruptcy must be given an opportunity to modify their mortgage under the HAMP program. We have contacted our clients to alert them to the changes. Many have expressed an interest in getting their mortgage modified.
Remember if your experiencing problems with your mortgage give me a call, I can help! Call me at 414-647-2222
