Texas Loan Modification: Stop Foreclosure Video From Freddie Mac

Today, Freddie Mac released a new video aimed to help people who are in trouble with their mortgage and wondering about a loan modification titled “Stop Foreclosure: Documents Your Lender Needs To Help You“. For anyone who lives in Texas and is considering a loan modification, this video is very useful because it shows you what documents your lender will be needing from you during the process. With so many lenders overwhelmed, this video is another way that lenders are trying to help people be prepared.

Texas Loan Modification: Documents That Will Be Required

• Copies of your most recent paystubs showing your net take home pay
• A statement for any second mortgage or HELOC
• Copies of your most recent tax returns
• Your most recent mortgage statement
• For any other debt such as credit cards, car loans, etc. – have account balances and minimum payment amounts

Texas Loan Modification: Don’t Forget The Hardship Letter

In addition to getting the above information, you want to be sure to include in the list a description of what kind of hardship caused you to fall behind on your mortgage payments. This will help speed up the loan modification process.