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!
San Jose, California CAMP Loan Modification Package is a program designed to assist homeowners in San Jose who are facing financial hardships and struggling to pay their mortgages. CAMP stands for Home Affordable Modification Program, which is a federal initiative aimed at preventing foreclosures and providing affordable loan modifications to eligible homeowners. The San Jose CAMP Loan Modification Package offers various options to borrowers seeking mortgage assistance. These options include: 1. Loan Modification: This is the primary option where the terms of the existing mortgage are permanently modified to lower the monthly payment for the homeowner, making it more affordable and sustainable in the long term. 2. Principal Reduction Alternative (PRA): Under this option, the outstanding principal balance of the mortgage can be reduced to make the loan more affordable for homeowners who owe more than the current value of their homes. 3. Interest Rate Reduction: This option involves lowering the interest rate on the mortgage, resulting in a decreased monthly payment for homeowners. 4. Partial Claim: This option is available for homeowners who have fallen behind on their mortgage payments but can now afford to make them. A partial claim allows borrowers to get a one-time payment from the housing agency to bring their mortgage current. 5. Second Lien Modification Program (2MP): For homeowners who have a second mortgage or home equity loan, the 2MP program focuses on modifying the terms of the second lien to align with the modifications made under the primary mortgage. To qualify for San Jose CAMP Loan Modification, homeowners need to meet certain eligibility criteria, including being the owner-occupant of the property, having an unpaid principal balance within the program's limits, demonstrating financial hardship, and receiving the mortgage before January 1, 2009. The purpose of the San Jose CAMP Loan Modification Package is to provide financial relief to homeowners and avoid foreclosure. By offering feasible alternatives, the program aims to stabilize the housing market and promote housing affordability in San Jose, California. Keywords: San Jose, California, CAMP Loan Modification Package, Home Affordable Modification Program, mortgage assistance, loan modification, principal reduction alternative, interest rate reduction, partial claim, second lien modification program, eligibility criteria, financial hardship, foreclosure prevention, housing affordability.San Jose, California CAMP Loan Modification Package is a program designed to assist homeowners in San Jose who are facing financial hardships and struggling to pay their mortgages. CAMP stands for Home Affordable Modification Program, which is a federal initiative aimed at preventing foreclosures and providing affordable loan modifications to eligible homeowners. The San Jose CAMP Loan Modification Package offers various options to borrowers seeking mortgage assistance. These options include: 1. Loan Modification: This is the primary option where the terms of the existing mortgage are permanently modified to lower the monthly payment for the homeowner, making it more affordable and sustainable in the long term. 2. Principal Reduction Alternative (PRA): Under this option, the outstanding principal balance of the mortgage can be reduced to make the loan more affordable for homeowners who owe more than the current value of their homes. 3. Interest Rate Reduction: This option involves lowering the interest rate on the mortgage, resulting in a decreased monthly payment for homeowners. 4. Partial Claim: This option is available for homeowners who have fallen behind on their mortgage payments but can now afford to make them. A partial claim allows borrowers to get a one-time payment from the housing agency to bring their mortgage current. 5. Second Lien Modification Program (2MP): For homeowners who have a second mortgage or home equity loan, the 2MP program focuses on modifying the terms of the second lien to align with the modifications made under the primary mortgage. To qualify for San Jose CAMP Loan Modification, homeowners need to meet certain eligibility criteria, including being the owner-occupant of the property, having an unpaid principal balance within the program's limits, demonstrating financial hardship, and receiving the mortgage before January 1, 2009. The purpose of the San Jose CAMP Loan Modification Package is to provide financial relief to homeowners and avoid foreclosure. By offering feasible alternatives, the program aims to stabilize the housing market and promote housing affordability in San Jose, California. Keywords: San Jose, California, CAMP Loan Modification Package, Home Affordable Modification Program, mortgage assistance, loan modification, principal reduction alternative, interest rate reduction, partial claim, second lien modification program, eligibility criteria, financial hardship, foreclosure prevention, housing affordability.
