Bruce Levitt Discusses End Of Home Affordable Modification Program on NJTV
Maplewood, NJ — Bruce H. Levitt, Managing Partner, Levitt & Slafkes, P.C., was recently profiled on NJTV where he discussed the rise and fall of the Home Affordable Modification Program (HAMP). The HAMP program ended on December 31, 2016 but helped roughly 1.7 million people nationally. HAMP will be replaced by a new federal assistance program in the near future.
According to Levitt, “I would always pre-screen every client to see if they could afford to make a mortgage payment.” He continues, “HAMP helped perhaps one out of three clients who needed mortgage help.”
Recently, one in every 597 New Jersey homes had a foreclosure filing. New Jersey currently leads the nation with a 5.79 percent foreclosure rate. As Levitt discussed the flaws of the HAMP, he is hopeful the new program will be able to help more of his clients.
To watch the interview in its entirety please click here. NJTV is a multi-platform information source. The station is a compilation of statewide news.
Levitt & Slafkes, P.C., is a professional and compassionate legal firm that handles bankruptcies, foreclosures, loan modifications and business litigation matters. The firm assists clients in personal and small-business bankruptcy cases as well as other debt issues.
Both Bruce Levitt and Shelley Slafkes have helped thousands with debt issues eliminate debt and save their homes. Levitt & Slafkes, P.C., is perhaps best known for their successful representation in the landmark, Kemp v. Countrywide Loans, case. This lawsuit gained national prominence in the ongoing battle to require mortgage lenders to follow the law before they can foreclose and take away a person’s home.
“We wholly understand the problems debt can cause individuals, families and small businesses and have a proven track record in solving these issues. We pride ourselves on providing high level and compassionate service to each client we represent. Our lawyers know every situation is unique and important. We fight for each client as if we are fighting for our own home and our own family.”
From getting ready to file or exploring every option, Levitt & Slafkes, P.C., carefully explains the bankruptcy process so clients can understand and make informed decisions.