209 CMR, § 56.10
REQUIRED DOCUMENTS FOR LOAN MODIFICATION APPLICATION
[] All Borrowers | [] An application that includes a complete list of monthly income and expenses, and assets, if required by the creditor [] Provide signed Internal Revenue Service Form 4506-T (Individual Tax Return Transcript Form) or Internal Revenue Service Form 4506T-EZ (Short Form for Individual Tax Return Transcript) [] Provide copy of most recent federal income tax return, with all schedules including Schedule E, if applicable [] Provide copy of 2 most recent bank account statements [] Provide proof of expenses and monthly obligations [] Provide copy of utility bill showing homeowner name and property address [] Provide copy of credit card statements showing payments due on all balances [] Provide copy of mortgage statements for other mortgages on the property, if applicable |
[] For people who earn a wage | [] Provide a copy of most recent pay stubs reflecting at least 30 days of year-to-date income of borrower or co-borrower |
[] For people who are self-employed | [] Provide a copy of the most recent signed and dated quarterly or year-to-date profit and loss statement |
[] For people who receive alimony, child support, or separation maintenance payments | [] Provide documentation of alimony, child support, and/or separation maintenance payments Notice: Alimony, child support or separation maintenance payments need not be disclosed if you do not choose to have it considered for repaying your mortgage debt. |
[] For people who receive income from other sources | [] Provide documentation of tips, commissions, bonuses, housing allowance or overtime; and/or [] Provide documentation of unemployment income and/or social security income, death benefits, pension, public assistance, or adoption assistance; and/or [] Provide documentation of income from rental properties, including copy of any lease agreement |
209 CMR, § 56.10