Checklist of Documents needed for Loss Mitigation Assistance

The following applicable documentation must be provided in order to apply for Loss Mitigation Assistance including home retention (loan repayment, loan modification, etc.) and non-retention options (short sale, voluntary return of property, etc.).

1. Income Documentation:

For each borrower who is a salaried employee:

• Most recent filed federal tax return with all schedules; and
• Most recent 2 pay stubs and last 2 years W2s.

For each borrower who is self-employed:

• Most recent last 2 years filed federal tax returns with all schedules; and
• Most recent quarterly or year-to-date profit/loss statement.

For each borrower who has income such as social security, disability or death benefits, pension, public assistance, or unemployment:

•    Most recent federal tax return with all schedules; and
• Most recent benefits statement or letter from the provider that states the amount, frequency and duration of the benefit.

For each borrower who is relying on alimony or child support:

• Divorce decree, separation agreement or other written agreement stating the amount of the alimony or child support and period of time over which it will be received; and
• Proof of full, regular and timely payments; for example deposit slips, bank statements, court verification or filed federal tax return with all schedules.

For each borrower who has rental income:

2. Assets Documentation:

For each borrower whether separately or jointly (if not applicable in Income section):

3. Other Documentation:

• Summons, Foreclosure Complaint and Loan Closing Package
• Most recent Mortgage Statement for all properties owned and financed
• Most Recent Property Tax Bill for all properties owned
• Declarations Page for property insurance (all properties owned)
• Condo Association payment information if applicable
• Debt and Household Expense Information (see attached form)