WARNING: New Hamp Help Site deceives thinking etc real HAMP but its a scam to purchase reports

[davephx]

freeHAMPxxxxx.com will debut a Twitter tool on Friday to answer all HAMP and loan modification questions.

But it is not run by real HAMP_Admin but is trying to sell you a report.

Claims industry people - has an automated application package designed by each bank You have to register with them.

When you register you are told:
"you will have an option to purchase a FULL or EXPERT edition report."

It is being reported on various press releases to the media. When I first read the release I thought it was gosh the real HAMP_Admin trying to help but it isn't.

The announcement implies very basic questions but has one very interesting one as an example. The budget issue I have never found in any of the HAMP rules:

"How much extra income at month's end does the bank want to see?"

I have asked other "experts" on blogs that talk about this what is their source for this requirement but no reply's. So think its just an excuse some servicers are using again since I have never seen in HAMP/Fannie and now we know its not in the Net Present Value Test. I could be wrong but just have never seen it in any directive yet. Just if back-end DTI is over 55% agree to seek credit counseling. Treasury has confirmed this since raised in the hearings last week when asked why they didn't require you prove you got the counseling. Treasury says too much of another burden on servicers to track it and follow up when already trying to handle the masses and delays.

"How much money can be in the bank account?"

It would be more helpful if they actually just answered the question on a public site instead of suggesting what questions might be asked!

But seems to be more of a lure so they can sell something and is NOT the real HAMP_admin or any government agency.

[davephx]

On their tweets seems getting either ads or reporters reporting about them in many major newspapers.

Not giving their twitter info since not trying to advertise for them but warn they are not what they may seem.

[davephx]

HEY they link in news articles to ABC news blog and wonder if these are loansafe people they quote both on Chase messes from Feb:
smartlillena
fedup2

They spin this as example of why people need THEIR help for a fee.

Many news articles most all with a pitch by their CMO as to why you need them to help you but implying it is "free" by their web url but it is not.

They have done a great massive PR campaign for their what I consider a trick.

Getting their Press Release in lots of papers for example the Miami Harold etc looking like a legitimate press release not an ad.

Also Sun-Sentinel again, Palm Beach Post - looks like really hitting FL papers

Also AOL Housing Watch...etc..

[I-LOVE-MOEBEDARD]

dave - this is great info but I am a bit confused. Is there a real site with a similar url, or is this my first April fools joke of the day?

[davephx]

Yes it is a real site but I used xxx not real url since don't want to advertise for them and Moe doesn't want us to... even though its a warning thought better to not to entire link. But the first part is correct.