Essential Save Your Home Document Checklist for Homeowners Facing Foreclosure

Are you a homeowner facing the daunting reality of foreclosure? Fear not. By being proactive and prepared, you can take steps toward foreclosure prevention and possibly even secure a loan modification or forbearance. Before dialing your bank, equip yourself with the following information and documents to expedite the call and potentially save your home. The TJM Home Team is here to guide you every step of the way 🤝.

Your Loan Number 📝:

Typically found on your monthly mortgage statement, this unique identifier helps your lender quickly access your loan details.

Loss Mitigation Number 📞:

Also found on your mortgage statement, this is the direct line to the department that can assist with hardship and foreclosure alternatives.

Last Two Years' Tax Returns 📊:

Banks often require these to evaluate your financial standing and determine if you qualify for assistance.

Recent Bank Statements 🏦:

Provide a snapshot of your current financial situation. Ensure you have the last 3-6 months on hand.

Asset Documentation 💼:

Details of any additional properties, valuable possessions, stocks, or bonds you own.

Recent Pay Stubs or W-2 Forms 💵:

These reflect your current income and can be critical in hardship determinations.

A Written Explanation of Your Hardship 📜:

Draft a concise letter detailing the circumstances leading to your financial distress. Be genuine and honest; this can make a significant difference.

Any Communication from the Bank or Legal Entities 💌:

Keep track of any letters, emails, or notices regarding your foreclosure.

Final Thoughts:

By gathering these documents and details in advance, you not only save time but also position yourself more favorably with your lender. Remember, the goal is foreclosure prevention, and the TJM Home Team stands ready to support and guide you through this challenging time. If loan modification, forbearance, or other solutions interest you, don't hesitate to reach out 🤗.

Remember, the more informed and proactive you are, the better your chances of navigating the foreclosure maze successfully. Reach out to the TJM Home Team for dedicated assistance on foreclosure prevention and more.