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!
Travis Texas CAMP Loan Modification Package is a comprehensive program designed to assist homeowners in Travis County, Texas, who are facing financial hardship and struggling to meet their mortgage obligations. This package is specifically tailored to meet the guidelines of the Home Affordable Modification Program (CAMP), a federal initiative created to offer relief to homeowners at risk of foreclosure. The Travis Texas CAMP Loan Modification Package includes various types of mortgage assistance options, allowing homeowners to modify their existing loans and achieve affordable monthly payments. These options are categorized based on the homeowner's financial situation and eligibility criteria. 1. Standard Loan Modification: This type of modification involves the reduction of the interest rate, extension of the loan term, or even a principal forbearance (temporary suspension of principal payments). The goal is to bring the mortgage payments within an affordable range for the homeowner. 2. Principal Reduction Alternative (PRA): For homeowners who owe significantly more on their mortgage than the current value of their property, PRA offers a potential reduction in the outstanding principal balance. This is to provide financial relief by aligning the loan with the property's actual worth. 3. Home Affordable Unemployment Program (UP): Intended for homeowners who are unemployed, the UP program provides temporary forbearance or a reduction in mortgage payments for a certain period. This assistance allows homeowners to focus on finding a new job without the immediate pressure of mortgage payments. 4. Second Lien Modification Program (2MP): For homeowners with a second mortgage or home equity loan in addition to their primary mortgage, 2MP aims to modify the terms of the second lien as well, providing comprehensive debt relief. The Travis Texas CAMP Loan Modification Package offers a range of options to meet the diverse needs of homeowners in difficult financial situations. It is important for eligible homeowners to carefully review the requirements and contact their mortgage services or approved housing counseling agencies to initiate the application process. By taking advantage of this program, homeowners in Travis County can regain stability in their homeownership and avoid the devastating consequences of foreclosure.Travis Texas CAMP Loan Modification Package is a comprehensive program designed to assist homeowners in Travis County, Texas, who are facing financial hardship and struggling to meet their mortgage obligations. This package is specifically tailored to meet the guidelines of the Home Affordable Modification Program (CAMP), a federal initiative created to offer relief to homeowners at risk of foreclosure. The Travis Texas CAMP Loan Modification Package includes various types of mortgage assistance options, allowing homeowners to modify their existing loans and achieve affordable monthly payments. These options are categorized based on the homeowner's financial situation and eligibility criteria. 1. Standard Loan Modification: This type of modification involves the reduction of the interest rate, extension of the loan term, or even a principal forbearance (temporary suspension of principal payments). The goal is to bring the mortgage payments within an affordable range for the homeowner. 2. Principal Reduction Alternative (PRA): For homeowners who owe significantly more on their mortgage than the current value of their property, PRA offers a potential reduction in the outstanding principal balance. This is to provide financial relief by aligning the loan with the property's actual worth. 3. Home Affordable Unemployment Program (UP): Intended for homeowners who are unemployed, the UP program provides temporary forbearance or a reduction in mortgage payments for a certain period. This assistance allows homeowners to focus on finding a new job without the immediate pressure of mortgage payments. 4. Second Lien Modification Program (2MP): For homeowners with a second mortgage or home equity loan in addition to their primary mortgage, 2MP aims to modify the terms of the second lien as well, providing comprehensive debt relief. The Travis Texas CAMP Loan Modification Package offers a range of options to meet the diverse needs of homeowners in difficult financial situations. It is important for eligible homeowners to carefully review the requirements and contact their mortgage services or approved housing counseling agencies to initiate the application process. By taking advantage of this program, homeowners in Travis County can regain stability in their homeownership and avoid the devastating consequences of foreclosure.
