Checklist for Your Mortgage Modification Application
There are a number of reasons you may be currently facing financial difficulty and having trouble making your monthly mortgage payment. Missing only one mortgage payment may put you at risk of foreclosure. Fortunately, you have options for avoiding foreclosure. One option is mortgage modification, which lets you modify the terms of your mortgage with your lender. This can include the length of the repayment period, the payment amount, or other details of the contract.
Before you can modify your mortgage, you must first obtain an application from your lender and provide information about your finances to prove you need assistance. To ensure you include everything you need in your mortgage modification application, contact a Maryland mortgage modification lawyer of Chaifetz & Coyle, P.C., at 443-546-4608 today.
Items You Will Need
Before your request for a mortgage modification can be duly considered, you must provide the following items to your lender:
- Short cover letter and table of contents for the application
- Current and projected financial statements
- Hardship letter explaining why you are in this situation and proof of hardship (death certificates, divorce documents, medical bills, etc.)
- Bank statements from the last year
- Estimated value of home from an appraiser or other qualified professional
- Federal tax returns and W-2s for the past two years
A compassionate and capable Maryland mortgage modification attorney can help you to ensure that your application is thoroughly and properly completed to prevent a simple procedural error from causing your request to be rejected.
Contact Us
If you are currently struggling to make your mortgage payment, do not delay seeking a solution because the difficulties can quickly intensify. To discuss the possible advantages of a modified mortgage, contact the Maryland mortgage modification attorneys of Chaifetz & Coyle, P.C., by calling 443-546-4608.