This package is designed to assist homeowners to obtain a loan modification under the Home Affordable Modification Program (HAMP). Including in this package are the following forms:
1. Request for Loan Modification and Affidavit RMA Under Home Affordable Modification Program HAMP
2. Instructions for Completing Request for Loan Modification and Affidavit RMA Form
3. IRS Form 4506-EZ Short Form Request for Individual Tax Return Transcript
4. Instructions for Completing IRS Form 4506T-EZ
5. How to Request a Home Affordable Modification Guide
Purchase of this package is a savings of nearly 30% compared to purchase of the forms individually!
The Oregon CAMP Loan Modification Package is a comprehensive program designed to assist homeowners facing financial difficulties in Oregon. CAMP stands for the Home Affordable Modification Program, which is a federal initiative aimed at helping to struggle homeowners modify their existing mortgages to make them more affordable. The Oregon CAMP Loan Modification Package offers a range of options and benefits to eligible homeowners, helping them navigate through the complexities of mortgage modifications. Through this program, homeowners can potentially reduce their monthly mortgage payments, avoid foreclosure, and maintain homeownership. There are different types of Oregon CAMP Loan Modification Packages tailored to suit individual needs: 1. Oregon CAMP Standard Modification: This modification package offers eligible homeowners the opportunity to lower their mortgage payments to 31% of their gross monthly income. The interest rate may be reduced, the loan term extended, and, in some cases, the principal balance may be reduced to achieve this goal. 2. Oregon CAMP Tier 2 Modification: This modification package is available for homeowners who do not qualify for the standard modification but are still struggling to make their mortgage payments. Under this option, homeowners can achieve a more affordable monthly payment by reducing the interest rate, extending the loan term, or adjusting the principal balance. 3. Oregon Principal Reduction Program (PRP): The PRP is a specialized modification package designed to reduce the principal balance for underwater homeowners who owe significantly more on their mortgage than the current market value of their property. This program aims to alleviate the financial burden for homeowners, making their mortgage payments more sustainable. 4. Oregon Alternate Payoff Program (POP): The POP is an alternative solution for homeowners who are unable to afford their mortgage payments but wish to avoid foreclosure. It offers options such as short sales or deeds in lieu of foreclosure, providing homeowners with a path to transition out of their current mortgage while minimizing the negative impact on their credit. By utilizing the Oregon CAMP Loan Modification Package, homeowners have access to valuable tools and resources to help them maintain ownership of their homes. It is essential for eligible homeowners to explore these options and work closely with their mortgage service to determine the best course of action to secure a more affordable and sustainable mortgage payment structure.The Oregon CAMP Loan Modification Package is a comprehensive program designed to assist homeowners facing financial difficulties in Oregon. CAMP stands for the Home Affordable Modification Program, which is a federal initiative aimed at helping to struggle homeowners modify their existing mortgages to make them more affordable. The Oregon CAMP Loan Modification Package offers a range of options and benefits to eligible homeowners, helping them navigate through the complexities of mortgage modifications. Through this program, homeowners can potentially reduce their monthly mortgage payments, avoid foreclosure, and maintain homeownership. There are different types of Oregon CAMP Loan Modification Packages tailored to suit individual needs: 1. Oregon CAMP Standard Modification: This modification package offers eligible homeowners the opportunity to lower their mortgage payments to 31% of their gross monthly income. The interest rate may be reduced, the loan term extended, and, in some cases, the principal balance may be reduced to achieve this goal. 2. Oregon CAMP Tier 2 Modification: This modification package is available for homeowners who do not qualify for the standard modification but are still struggling to make their mortgage payments. Under this option, homeowners can achieve a more affordable monthly payment by reducing the interest rate, extending the loan term, or adjusting the principal balance. 3. Oregon Principal Reduction Program (PRP): The PRP is a specialized modification package designed to reduce the principal balance for underwater homeowners who owe significantly more on their mortgage than the current market value of their property. This program aims to alleviate the financial burden for homeowners, making their mortgage payments more sustainable. 4. Oregon Alternate Payoff Program (POP): The POP is an alternative solution for homeowners who are unable to afford their mortgage payments but wish to avoid foreclosure. It offers options such as short sales or deeds in lieu of foreclosure, providing homeowners with a path to transition out of their current mortgage while minimizing the negative impact on their credit. By utilizing the Oregon CAMP Loan Modification Package, homeowners have access to valuable tools and resources to help them maintain ownership of their homes. It is essential for eligible homeowners to explore these options and work closely with their mortgage service to determine the best course of action to secure a more affordable and sustainable mortgage payment structure.
