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 District of Columbia CAMP Loan Modification Package is a comprehensive program designed to assist homeowners in the District of Columbia facing financial hardship and struggling to keep up with their mortgage payments. This package provides valuable resources and options to help eligible homeowners modify their existing mortgage, making it more affordable and sustainable. One type of District of Columbia CAMP Loan Modification Package is the Standard CAMP Modification. This program allows homeowners to lower their monthly mortgage payments to a more manageable level by reducing the interest rate, extending the loan term, or even forgiving a portion of the principal balance in some cases. Qualifying homeowners may also be eligible for a forbearance plan that temporarily suspends their mortgage payments until they regain financial stability. Another type of CAMP Loan Modification Package is the Home Affordable Unemployment Program (UP). This program specifically targets homeowners who have lost their jobs or have experienced a significant reduction in income due to unemployment. UP provides temporary assistance by deferring mortgage payments or lowering them to a percentage of the homeowner's income for a designated period, giving them some financial relief during their job search or financial hardship. The District of Columbia CAMP Loan Modification Package also includes the Principal Reduction Alternative (PRA). This program allows eligible homeowners who are significantly underwater on their mortgages (owing more than the property's current value) to reduce their principal balance, making their mortgage more affordable and bringing it closer to the property's actual worth. Additionally, the District of Columbia CAMP Loan Modification Package offers assistance through the Home Affordable Foreclosure Alternatives (HAIFA) program. HAIFA provides incentives for homeowners to pursue alternatives to foreclosure, such as short sales or deeds-in-lieu of foreclosure. This program helps homeowners transition out of their mortgage obligations while mitigating the impact on their credit. The District of Columbia CAMP Loan Modification Package is designed to provide diverse solutions for homeowners in the District of Columbia who are facing financial challenges and struggling to meet their mortgage obligations. By offering various programs tailored to different circumstances, it aims to provide viable alternatives to foreclosure and help homeowners keep their homes or transition smoothly in challenging situations.
