Bank’s Failure to Comply With HAMP Trial Plan and Offer a Permanent Modification is Basis for Suit

In Arias v. Elite Mortgage Group, Inc., 2015 N.J. Super. LEXIS 13 (App. Div., Jan. 23, 2015), the Appellate Division addressed for the first time whether borrowers completing a Trial Payment Plan under the federal Home Affordable Mortgage Program (“HAMP”) have a cause of action for Breach of Contract or under the New Jersey Consumer…


Good News for NJ Homeowners $1.1 Trillion Bill Adds $2 Billion to Hardest Hit Fund , HAMP Extended Through 2016

The $1.1 trillion omnibus appropriations bill that will keep the federal government running until September 16, 2016 will also help homeowners fighting foreclosure by increasing the Hardest Hit Fund and extending the Home Affordable Modification Program through next year, December 31, 2016, The program that is extended is the Hardest Hit Fund, which Congress is allocating…


Episode 10 – Bank Denial of HAMP loans against TARP’s Purpose for Homeowners Facing Foreclosure

Josh Denbeaux, Partner at the law firm of Denbeaux and Denbeaux makes his inaugural guest appearance on the Financial Consumer Rights Talk program with host Adam Deutsch Esq. Today they discuss the latest news relating to the Special Inspector General for the Troubled Asset Relief Program (SIGTARP) calling for further investigation of servicers it claims may be denying…