Arizona Loan Modification: Freddie Mac Releases Stop Foreclosure Video
Today, a new video was released by Freddie Mac titled “Stop Foreclosure: Documents Your Lender Needs To Help You” and For anyone who lives in Arizona and is considering a loan modification, this video is very useful because it shows you what documents your lender will be needing from you during the process. Many people have been flooding their lender with phone calls about what important documents are needed and this video does an excellent job of helping people get prepared.
Arizona Loan Modification: Documents That Are Required
- A second mortgage and/or HELOC statement
- Copies of your most recent tax returns
- The most recent mortgage statement that you have
- Copies of your most recent paystubs showing your net take home pay
- For any other debt such as credit cards, car loans, etc. – have account balances and minimum payment amounts
Arizona Loan Modification: Don’t Forget The Hardship Letter
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.
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