FDIC Texas Home Loan Modification
Feb 28, 2009 Type
While Texas was not the worst of states for foreclosure this past year, there were a lot of people that had to let their homes go. Loan modifications are probably the biggest thing right now with the economy, and for someone to get a Texas Home Loan Modification there are several things that need to be done.
First Initial Consulting — The process of gathering info with your lawyer, businessperson or specialist to discuss thoroughly the proper course of action for the loan modification which can be different in other states such as Arizona, Florida, and California should you have a second home there which you need a loan modification for.
The next thing to do is documents – Bring together the following pieces to ensure things go smoothly.
* 2 years W2 forms
* 2 years tax returns
* Proof of income
* At least quaternary month of slope statements
* A hardship letter explaining your status and requesting a give modification
* A monthly expense sheet detailing all your expenses, including items you are not stipendiary for (such as food and utilities)
* Your most past mortgage statement
With everything mentioned you should be well on your way to getting the FDIC approved loan modification needed on your home whether it be for $150,000 or $300,000 dollars.
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