Your to-do List
To get the process rolling, your will be asked for required supporting documents:
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 (2) 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 and second pages (W2s) from the last two (2) years.
Rental Agreement - If the loan modification is not for your primary residence.
Next steps
The assigned service company will work with your lender, exploring options that will provide a satisfactory conclusion for all parties involved. In many cases, we’ll have an answer within 60 days, and sometimes sooner. While we negotiate a solution, you can relax and focus on more important tasks, such as work and family.