Freddie Mac has produced a brief video titled “Stop Foreclosure: Documents Your Lender Needs To Help You” via YouTube. With many people right here in Colorado calling their lender about a potential loan modification – this video should help explain what is needed. Most lenders are overwhelmed with people requesting loan modifications and this video will do an excellent job of letting people what their lender will require.

Colorado Loan Modification: Required Documents

• A copy of a recent mortgage statement
• Account balances and minimum monthly payments on credit cards, car loans, student loans or other debt
• A statement for any second mortgage or HELOC
• Paystubs that show your net take home pay
• Copies of your most recent tax returns

Colorado Loan Modification: Don’t Forget The Hardship Letter

While writing a hardship letter can seem somewhat boring or difficult, Writing hardship letters can seem somewhat unnecessary and may seem to slow down the loan modification process. Not true! Hardship letters bring out the “human story” that often can make the difference between your loan modification getting approved or denied – so don’t neglect it!

Colorado Loan Modification: Freddie Mac Releases Video is a post from: Colorado Mortgage Team