Model Form - Required Documents for Loan Modification Application

REQUIRED DOCUMENTS FOR LOAN MODIFICATION APPLICATION  All Borrowers  An application that includes a complete list of monthly income and expenses, and assets, if required by the creditor  Provide signed Internal Revenue Service Form 4506- T (Individual Tax Return Transcript Form) or Internal Revenue Service Form 4506T-EZ (Short Form for Individual Tax Return Transcript)  Provide copy of most recent federal income tax return, with all schedules including Schedule E, if applicable  Provide copy of 2 most recent bank account statements  Provide proof of expenses and monthly obligations  Provide copy of utility bill showing homeowner name and property address  Provide copy of credit card statements showing payments due on all balances  Provide copy of mortgage statements for other mortgages on the property, if applicable  For people who earn a wage  Provide a copy of most recent pay stubs reflecting at least 30 days of year-to-date income of borrower or co-borrower  For people who are self- employed  Provide a copy of the most recent signed and dated quarterly or year-to-date profit and loss statement  For people who receive alimony, child support, or separation maintenance payments  Provide documentation of alimony, child support, and/or separation maintenance payments Notice: Alimony, child support or separation maintenance payments need not be disclosed if you do not choose to have it considered for repaying your mortgage debt.  For people who receive income from other sources  Provide documentation of tips, commissions, bonuses, housing allowance or overtime; and/or  Provide documentation of unemployment income and/or social security income, death benefits, pension, public assistance, or adoption assistance; and/or  Provide documentation of income from rental properties, including copy of any lease agreement