Your Mortgage Servicer
Mortgage Foreclosure Defense with Your Mortgage Servicer
Are you behind on your mortgage payments and facing foreclosure from your Mortgage Servicer?
Being under the threat of foreclosure can be confusing and frustrating.
Have any of the following happened to you:
- Your mortgage servicer has filed a foreclosure complaint against you
- Your mortgage servicer has refused to offer you a loan modification or denied you for home retention loss mitigation options
- Your mortgage servicer has initiated letters from lawyers and/or a foreclosure complaint while you were being reviewed for loss mitigation options
- Your mortgage servicer has threatened to initiate foreclosure proceedings if you do not bring the loan current
- Your mortgage servicer has refused to accept mortgage payments or offer you a repayment plan or reinstatement of your loan
Dealing with your Mortgage Servicer on your own can be confusing and difficult. We can help to demystify the process and make sure that your rights are protected throughout the process.
Applying for Loss Mitigation with your Mortgage Servicer
The following documentation may be required during the process:
- IRS Form 4506-T
- Borrower(s) Financial Report
- Hardship Letter
- Brief explanation of reason for the hardship (such as: illness or job loss) – signed and dated
- Income Documentation:
- Hourly/Salaried Employees – all full and part-time jobs
- Most recent pay stubs for the past (30) days including year-to-date income
- Checking and savings account statements for the past (2) months – include all pages
- Most recent Tax Returns that are complete with all schedules and attachments (W-2’s and/or 1099’s)
- Self-Employed:
- A current year profit and loss statement – signed and dated
- Checking and savings account statements for the past (2) months, both personal and business – include all pages
- Most recent business tax returns that are complete with all schedules and attachments (W-2’s and/or 1099’s)
- Other Household Income (if applicable) – In addition to the above:
- Non-borrower contribution – notarized letter of contribution amount along with proof of their income. Please see above the Income Documentation section to supply this proof of income.
- For household members who have other income (such as: Social Security/pension, rental leases, disability, death benefits/annuity, unemployment or food stamp income), please provide a copy of the benefit statement(s), which includes the amount, frequency and duration of this benefit.
- Alimony, separate maintenance and/or child support payments (note: this income need not be revealed if you do not wish to have this source of income considered). If you choose to have it considered, please provide a copy of the divorce/separation or any other agreement that states the amount, frequency and duration of these payments.
- Hourly/Salaried Employees – all full and part-time jobs
- If you wish to sell the property, you will also need to provide:
- Copy of the Listing Agreement
- Copy of the Sales Contract (if available)
- Copy of the Estimated Settlement Statement (if available)
- Signed Third Party Authorization Form
Your Home County
