Cuyahoga Ohio Declaración Jurada de Dificultades del Programa de Modificación Home Affordable - Home Affordable Modification Program Hardship Affidavit

State:
Multi-State
County:
Cuyahoga
Control #:
US-02036BG
Format:
Word
Instant download

Description

The Home Affordable Refinance Program is a comprehensive Financial Stability Plan to stabilize the housing market. A summary of eligibility under this program is as follows:

" First-lien mortgages owned, guaranteed, or securitized by Freddie Mac that are single-family 1- to 4- unit primary residences, including condos, cooperatives, Single-Family Seller/Servicer Guide (Guide)  eligible manufactured homes, and our negotiated conforming jumbo mortgages. " FHA, VA, and RHS guaranteed mortgages are eligible, subject to the relevant agency guidelines. " Mortgages for properties that are abandoned, vacant, or condemned are not eligible. " Mortgages may be previously modified, but can only be modified once under HAMP.

Borrowers may be eligible for this program if they meet the following requirements:

" Borrowers who are 31 days or more delinquent and borrowers who are either current or less than 31 days delinquent and in imminent default. " A borrower may be considered in imminent default if the borrower is current or less than 31 days delinquent on their mortgage payments, and have a hardship that is stated in the Hardship Affidavit document. In addition, the borrower must have a Debt Coverage Ratio that is less than 1.20 and Cash Reserves that are less than three times their current monthly PITIA payment. " Borrowers who may be in foreclosure, in pending litigation involving the mortgage, or who are in active bankruptcy. " Borrowers currently performing under another workout arrangement will be considered for a Home Affordable Modification if they request it. " Borrowers must currently have a monthly housing expense-to-income ratio greater than 31 percent of their verified gross monthly income.

The Cuyahoga Ohio Home Affordable Modification Program Hardship Affidavit is a vital document that plays a crucial role in the loan modification process for homeowners residing in Cuyahoga County, Ohio. This affidavit serves as a formal declaration of financial hardship, allowing qualified individuals to apply for loan modifications under the Home Affordable Modification Program (CAMP) guidelines. The Cuyahoga Ohio Home Affordable Modification Program Hardship Affidavit is designed to assist homeowners who are facing financial difficulties, making it challenging for them to meet their mortgage obligations. By submitting this affidavit, homeowners can provide a comprehensive overview of their current financial situation, highlighting the reasons why they require a loan modification to make their monthly mortgage payments more affordable. Keywords: Cuyahoga Ohio, Home Affordable Modification Program, Hardship Affidavit, loan modification, financial hardship, Cuyahoga County, CAMP guidelines, homeowners, mortgage obligations, comprehensive overview, loan modification process, monthly mortgage payments. There aren't different types of Cuyahoga Ohio Home Affordable Modification Program Hardship Affidavits, as it is a standard document used within the loan modification process.

The Cuyahoga Ohio Home Affordable Modification Program Hardship Affidavit is a vital document that plays a crucial role in the loan modification process for homeowners residing in Cuyahoga County, Ohio. This affidavit serves as a formal declaration of financial hardship, allowing qualified individuals to apply for loan modifications under the Home Affordable Modification Program (CAMP) guidelines. The Cuyahoga Ohio Home Affordable Modification Program Hardship Affidavit is designed to assist homeowners who are facing financial difficulties, making it challenging for them to meet their mortgage obligations. By submitting this affidavit, homeowners can provide a comprehensive overview of their current financial situation, highlighting the reasons why they require a loan modification to make their monthly mortgage payments more affordable. Keywords: Cuyahoga Ohio, Home Affordable Modification Program, Hardship Affidavit, loan modification, financial hardship, Cuyahoga County, CAMP guidelines, homeowners, mortgage obligations, comprehensive overview, loan modification process, monthly mortgage payments. There aren't different types of Cuyahoga Ohio Home Affordable Modification Program Hardship Affidavits, as it is a standard document used within the loan modification process.

Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.
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Cuyahoga Ohio Declaración Jurada de Dificultades del Programa de Modificación Home Affordable