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!
Virgin Islands CAMP Loan Modification Package is a specialized program designed to assist homeowners in the Virgin Islands who are facing financial hardship and struggling to meet their mortgage payments. The package aims to provide eligible homeowners with a more affordable mortgage payment by modifying the terms of their existing loan. The CAMP (Home Affordable Modification Program) Loan Modification Package offered in the Virgin Islands is part of the broader federal initiative introduced by the U.S. Department of Treasury and the U.S. Department of Housing and Urban Development. The program was created to provide relief to homeowners across the United States, including those residing in the Virgin Islands. The Virgin Islands CAMP Loan Modification Package offers a variety of options to help homeowners avoid foreclosure and keep their homes. These options may include: 1. Loan Payment Reduction: The package aims to lower the monthly mortgage payments by reducing the interest rate, extending the loan term, or adjusting the principal balance. 2. Principal Forbearance: In some cases, a portion of the principal balance may be temporarily deferred to a future date, helping homeowners achieve a more affordable monthly payment for a specific period. 3. Loan Term Extension: The loan term may be extended to provide homeowners with additional time to repay their mortgage, thus reducing the monthly payment amount. 4. Partial Claim: This option is available for homeowners with loans insured by the Federal Housing Administration (FHA). It involves the creation of a secondary loan to bring the mortgage current by covering the past due amounts. 5. Second Lien Modification Program (2MP): If the homeowner has a second mortgage or home equity loan, they may be eligible for a modification on that lien as well. It is important to note that eligibility for the Virgin Islands CAMP Loan Modification Package depends on several factors, including income, loan type, and whether the home is the primary residence. Homeowners are encouraged to reach out to their mortgage service or a HUD-approved housing counselor to determine if they qualify for the program and discuss the available options. By offering such assistance, the Virgin Islands CAMP Loan Modification Package aims to provide a lifeline to homeowners facing financial hardships, allowing them to remain in their homes and regain control of their financial stability.Virgin Islands CAMP Loan Modification Package is a specialized program designed to assist homeowners in the Virgin Islands who are facing financial hardship and struggling to meet their mortgage payments. The package aims to provide eligible homeowners with a more affordable mortgage payment by modifying the terms of their existing loan. The CAMP (Home Affordable Modification Program) Loan Modification Package offered in the Virgin Islands is part of the broader federal initiative introduced by the U.S. Department of Treasury and the U.S. Department of Housing and Urban Development. The program was created to provide relief to homeowners across the United States, including those residing in the Virgin Islands. The Virgin Islands CAMP Loan Modification Package offers a variety of options to help homeowners avoid foreclosure and keep their homes. These options may include: 1. Loan Payment Reduction: The package aims to lower the monthly mortgage payments by reducing the interest rate, extending the loan term, or adjusting the principal balance. 2. Principal Forbearance: In some cases, a portion of the principal balance may be temporarily deferred to a future date, helping homeowners achieve a more affordable monthly payment for a specific period. 3. Loan Term Extension: The loan term may be extended to provide homeowners with additional time to repay their mortgage, thus reducing the monthly payment amount. 4. Partial Claim: This option is available for homeowners with loans insured by the Federal Housing Administration (FHA). It involves the creation of a secondary loan to bring the mortgage current by covering the past due amounts. 5. Second Lien Modification Program (2MP): If the homeowner has a second mortgage or home equity loan, they may be eligible for a modification on that lien as well. It is important to note that eligibility for the Virgin Islands CAMP Loan Modification Package depends on several factors, including income, loan type, and whether the home is the primary residence. Homeowners are encouraged to reach out to their mortgage service or a HUD-approved housing counselor to determine if they qualify for the program and discuss the available options. By offering such assistance, the Virgin Islands CAMP Loan Modification Package aims to provide a lifeline to homeowners facing financial hardships, allowing them to remain in their homes and regain control of their financial stability.
