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Zak Law Offices PC is a multi-state law firm with a proven track record of negotiating hundreds of permanent modifications under the Making Home Affordable Program ("HAMP") initiated by the Obama Administration in March 2009.
Less than 300,000 Americans have obtained these modifications out of an estimated 4 million applications as of May 2010 according to the US Treasury Department. The Obama Administration's loan modification program is attractive because it starts at as low as 2% for the first five years and becomes fixed, amortizing over 30 - 40 years. Zak Law Offices PC has been able to negotiate principal mortgage balance reductions under the program ranging from $100,000 - $200,000 off of the original mortgage balance for many of its clients. |
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