Friday, April 10, 2009

A Loan Modification is a permanent change in one or more of the terms of a mortgagor's loan, allows the loan to be reinstated, and results in a payment the mortgagor can afford.
Posted by Frank at 9:03 PM

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List of Items You Willl Need for Your Lender

  • Any other Incomes: Rent, Social Security, Child Support, Child Care, Retirement, Etc
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  • Latest Statements for any bills you have: Gas, NV Power, Water, Sewer, Trash, Cable, Phone, Cell Phone, Internet, Credit Cards, Auto Payments, Auto Insurance, Life Insurance, Student Loans
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  • Lenders letters you’ve received if any
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  • Hardship letter typed, printed and signed
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  • Note or Deed of trust for each of your properties
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  • Proof of Tax and Insurance if not included on the mortgage statement
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  • Mortgage statements for each property you own in your name
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  • Bank Statements (last two months)
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  • Pay Stubs (most recent for last one month period)
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  • W-2’s and Tax Returns from 2006 and 2007
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  • ID, Social Security and Residence Card

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