Applying for a Mortgage Loan Modification: Documentation Checklist

If you’re worried about home foreclosure, obtain a loan modification application packet from your mortgage lender and provide everything your lender requests. Most lenders require the following before considering your request to modify your mortgage:



  • Brief cover letter, along with a complete list of what’s included in your application



  • Hardship letter



  • Current financial statement



  • Projected financial statement



  • Home valuation (estimate of property value from an appraiser or other real estate professional in accordance with the laws of your state)



  • Proof of hardship (birth certificate, death certificate, medical bills, divorce papers, or bankruptcy papers, for example)



  • Federal tax returns (for the last two years)



  • W-2s (for the last two years)



  • Pay stubs (for the last four pay periods)



  • Bank statements (for the last four periods)











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Source:http://www.dummies.com/how-to/content/applying-for-a-mortgage-loan-modification-document.html

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