Documents

The following documentation will be required to start the loan modification
negotiation process:

  • Hardship Letter - Include dates, reason for delinquency, what
    you have done to attempt to workout problem in the past; also include any
    supporting documents for hardship. While our Network Service Reps will be happy
    to provide guidance if needed, the short and straightforward letter must be in
    your own words
  • Bank Statements - Last two (4) months.
  • Proof of Wages and Salary - Employed - Pay stubs for last two
    (2) months; Self-employed - 1040s for the last two (2) years.
  • Federal Tax Returns - First an d second pages (W2s) from the
    last two (2) years.
  • Rental Agreement - If the loan modification is not for your
    primary residence.
  • Most recent mortgage statement
  • Monthly Expense Sheet
  • All expenses even if you are not paying them: including
    utilities, food, mortgage payments)

Example of Hardship Letter