Advertisement
Online Test Banks
Score higher
See Online Test Banks
eLearning
Learning anything is easy
Browse Online Courses
Mobile Apps
Learning on the go
Explore Mobile Apps
Dummies Store
Shop for books and more
Start Shopping

Applying for a Mortgage Loan Modification: Documentation Checklist

Part of the Loan Modification For Dummies Cheat Sheet

If you’re worried about home foreclosure, obtain a loan modification application packet from your mortgage lender and provide everything your lender requests. Most lenders require the following before considering your request to modify your mortgage:

  • Brief cover letter, along with a complete list of what’s included in your application

  • Hardship letter

  • Current financial statement

  • Projected financial statement

  • Home valuation (estimate of property value from an appraiser or other real estate professional in accordance with the laws of your state)

  • Proof of hardship (birth certificate, death certificate, medical bills, divorce papers, or bankruptcy papers, for example)

  • Federal tax returns (for the last two years)

  • W-2s (for the last two years)

  • Pay stubs (for the last four pay periods)

  • Bank statements (for the last four periods)

  • Add a Comment
  • Print
  • Share
blog comments powered by Disqus
Advertisement
Advertisement

Inside Dummies.com

Dummies.com Sweepstakes

Win an iPad Mini. Enter to win now!