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 Harris Texas CAMP Loan Modification Package is a comprehensive program designed to assist homeowners in Harris County, Texas, who are struggling to make their mortgage payments. CAMP stands for Home Affordable Modification Program, which is a federal initiative aimed at preventing foreclosures and stabilizing the housing market. The Harris Texas CAMP Loan Modification Package offers eligible homeowners the opportunity to modify the terms of their mortgage loans, reducing their monthly payments to a more affordable level. This program takes into account factors such as the homeowner's income, expenses, and the current value of their property to determine the most suitable loan modification options. There are several types of Harris Texas CAMP Loan Modification Packages available, each designed to address specific financial situations. These include: 1. Rate Reduction: This type of loan modification helps homeowners by reducing the interest rate on their mortgage, resulting in lower monthly payments. It provides immediate relief and can make it easier for homeowners to stay current on their mortgage. 2. Term Extension: This modification option extends the repayment term of the mortgage, usually resulting in a lower monthly payment. This is helpful for homeowners who need more time to catch up on missed payments while keeping their homes. 3. Principal Forbearance: In cases where homeowners owe more than the current value of their property, a principal forbearance modification may be offered. This involves setting aside a portion of the outstanding principal balance, which is then due at the end of the loan term or upon the sale of the property. 4. Trial Period Plan (TPP): The Harris Texas CAMP Loan Modification Package may also include a trial period plan, which allows homeowners to temporarily make reduced mortgage payments to demonstrate their ability to afford the modified terms. Upon successful completion of the trial period, the modification becomes permanent. 5. Second Lien Modification: This type of loan modification addresses situations where homeowners have a second mortgage or home equity line of credit. It aims to modify or eliminate the second lien to reduce the overall debt burden and promote affordability. The Harris Texas CAMP Loan Modification Package provides vital support to homeowners facing financial hardships and strives to keep them in their homes. By offering various modification options tailored to individual circumstances, this program gives homeowners in Harris County, Texas, a chance to regain control of their finances and avoid foreclosure.The Harris Texas CAMP Loan Modification Package is a comprehensive program designed to assist homeowners in Harris County, Texas, who are struggling to make their mortgage payments. CAMP stands for Home Affordable Modification Program, which is a federal initiative aimed at preventing foreclosures and stabilizing the housing market. The Harris Texas CAMP Loan Modification Package offers eligible homeowners the opportunity to modify the terms of their mortgage loans, reducing their monthly payments to a more affordable level. This program takes into account factors such as the homeowner's income, expenses, and the current value of their property to determine the most suitable loan modification options. There are several types of Harris Texas CAMP Loan Modification Packages available, each designed to address specific financial situations. These include: 1. Rate Reduction: This type of loan modification helps homeowners by reducing the interest rate on their mortgage, resulting in lower monthly payments. It provides immediate relief and can make it easier for homeowners to stay current on their mortgage. 2. Term Extension: This modification option extends the repayment term of the mortgage, usually resulting in a lower monthly payment. This is helpful for homeowners who need more time to catch up on missed payments while keeping their homes. 3. Principal Forbearance: In cases where homeowners owe more than the current value of their property, a principal forbearance modification may be offered. This involves setting aside a portion of the outstanding principal balance, which is then due at the end of the loan term or upon the sale of the property. 4. Trial Period Plan (TPP): The Harris Texas CAMP Loan Modification Package may also include a trial period plan, which allows homeowners to temporarily make reduced mortgage payments to demonstrate their ability to afford the modified terms. Upon successful completion of the trial period, the modification becomes permanent. 5. Second Lien Modification: This type of loan modification addresses situations where homeowners have a second mortgage or home equity line of credit. It aims to modify or eliminate the second lien to reduce the overall debt burden and promote affordability. The Harris Texas CAMP Loan Modification Package provides vital support to homeowners facing financial hardships and strives to keep them in their homes. By offering various modification options tailored to individual circumstances, this program gives homeowners in Harris County, Texas, a chance to regain control of their finances and avoid foreclosure.
