Stop Foreclosure: Documents Your Lender Needs From You
Today, Freddie Mac released a new video aimed to help people who are in trouble with their mortgage and wondering about a loan modification titled “Stop Foreclosure: Documents Your Lender Needs To Help You“. For anyone right here in Pennsylvania who is speaking with their lender about a loan modification, this video is helpful and shows what documents are needed in the process. With the crush of phone calls from people inquiring about a loan modification, many lenders are swamped. This video does a good job of helping people be more fully prepared in advance of calling their lender.
Pennsylvania Loan Modification: You Will Need These Documents
- A copy of your most recent paystubs that show your net take home pay
- For any other debt such as credit cards, car loans, etc. – have account balances and minimum payment amounts
- Any second mortgage or home equity line of credit statements that you have
- A copy of your last years tax return
- A copy of a recent mortgage statement
Pennsylvania Loan Modification: Hardship Letter Is Important
If you are wondering if you really need to write a hardship letter — don’t wonder. A well written hardship letter is a vital part of the loan modification process.
