If you’re worried about home foreclosure, obtain a loan modification application packet from your mortgage lender and provide everything your lender requests. Most lenders require the following before considering your request to modify your mortgage:
Brief cover letter, along with a complete list of what’s included in your application
Hardship letter
Current financial statement
Projected financial statement
Home valuation (estimate of property value from an appraiser or other real estate professional in accordance with the laws of your state)
Proof of hardship (birth certificate, death certificate, medical bills, divorce papers, or bankruptcy papers, for example)
Federal tax returns (for the last two years)
W-2s (for the last two years)
Pay stubs (for the last four pay periods)
Bank statements (for the last four periods)
