UNEMPLOYMENT AND FORECLOSURE - HAUP

Whenever a claimant contacts me regarding the litigation of their claim for benefits, one of the questions I ask them is if their home is at risk for foreclosure. I also suggest the mortgage foreclosure clinics at the Nassau County Bar Association. To be honest, very few are willing to attend the clinic at this early stage but it is important, at least with respect to HAUP:

"The Home Affordable Unemployment Program (UP) provides servicers with the flexibility to provide assistance to borrowers whose hardship is related to unemployment and is a supplemental program to the Home Affordable Modification Program (HAMP). Specifically, UP requires servicers to grant qualified unemployed borrowers a forbearance period during which a borrower's monthly mortgage payment may be reduced or suspended prior to considering such borrowers for HAMP."