Stopping Foreclosure with a HAMP Lawsuit

Summary:  It appears that Colorado courts may be receptive to stopping the foreclosure sale if the lender has not complied with the federal Home Affordable Modification Program (HAMP.)  There is present court litigation in 2010.

Potential for Stopping Your Colorado Foreclosure With a HAMP-Related Lawsuit

The federal Home Affordable Modification Program (HAMP) is designed to keep people in their homes with reduced payments.

In 2009 and 2010, there has been a fair amount of court litigation regarding the failure of lenders to process HAMP modifications.

In Colorado, there are currently-active court cases in Arapahoe County, Adams County, and Boulder County to stop foreclosure if the HAMP program has not been properly applied.

You should ask about the potential for stopping your foreclosure based on a HAMP-related complaint.