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REQUIRED DOCUMENTS
In order to process your request for a debt restructuring we will need the following documentation:
1. Hardship Letter:
Your lender wants to understand what the problem was that caused the delinquency, and how you have solved or intend to solve the problem. In other words, tell what caused the problem and why it won't happen again. It should be a DETAILED letter. Note that we will consider this letter a DRAFT and will help you if necessary.
2. Authorization to Represent form(s) for each lender:
Be sure to give us complete information about your lender(s). For example, copies of correspondence you received, address, phone number and name of any individual with whom you have discussed this matter.
3. Legal Notices:
Copies of all legal notices you have received from your lender(s).
4. Income and Expense Form:
A completed Income and Expense Form (attached).
5. Tax Returns:
We only need the first page of the last two years of Federal Income Tax returns. If you have not filed for last year, please include a copy of the extension and a brief note explaining why you have not filed.
6. Bank Statements:
Copies of all bank statements for the last three months. Include bank statements for yourself and any other entities you plan to use to qualify your income.
7. Pay Stubs:
Copies of your last two paycheck stubs. If you are self-employed include a profit and loss statement for the last six months and bank statements for your business accounts for the last six months. If you have rented a room(s) in your home the lender will require a rental agreement.
8. Other Income:
Verification of any other source of income. Example: Rental agreements, Social Security benefit statements, and so forth.
9. Borrower Financial Statement:
A completed Borrower Financial Statement.
10. Mortgage Statement:
Copy of most recent Mortgage Statement. |
