Document checklist for foreclosure assistance

The following checklist outlines the documentation a mortgage servicer will require from a borrower for foreclosure assistance. The Colorado Foreclosure Hotline refers to these documents as the Loss Mitigation Packet checklist.

1. Hardship Letter (Download PDF template now)

a. What has caused your loan to default
b. What you’re asking the mortgage company to do
c. Should be signed and dated
d. Loan number on top of all pages

2. Financial Worksheet

a. Your monthly income vs. your monthly expenses
b. Should be signed and dated
c. Loan number on top of all pages

3. Pay Stubs or Proof of Income

a. Two months worth
b. Loan number on top of all pages

4. Bank Statements

a. Two months worth of all accounts
b. Loan number on top of all pages

5. Tax Return Forms including W2

a. Two years worth
b. Loan number on top of all pages

Contact a housing counselor with any questions and/or to review your loss mitigation
packet prior to faxing documents to your mortgage company.

Verify receipt of loss mitigation packet by calling your mortgage company three business days after faxing your packet.

One Response to Document checklist for foreclosure assistance

  1. […] Document checklist for foreclosure assistance « Facing the … […]

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