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California Consumer & Bankruptcy

As most of us know by now, while it may appear easy to apply for a loan modification under the Making Home Affordable (MHA) Home Affordable Modification Program (HAMP), it's not so easy to get approved for an MHA HAMP loan--especially if you are self-employed. From my experience, at the Law Office of Linda C. Garrett, California a HAMP mortgage, bankruptcy and family-law practice, I have spoken with many self-employed person who was denied a MHA HAMP loan modification. While tempting to blame the lender/servicer, many times, the problem lies also with the borrower for failing to submit proper documentation for his/her business. The documentation needed for self-employed individuals is not the same as the documentation needed for wage earners. Additional documents are required.