Commonplace Pacific Options Flex Modification Program

Reap the benefits of charges as little as 2%
A Flex Modification is meant to scale back an eligible borrower’s mortgage cost by about 20%. The servicer (the corporate you make your mortgage funds to) reduces the cost by taking a number of of the next steps: capitalizing any overdue quantities (including past-due quantities to the excellent mortgage quantity)

Study Extra
The Flex Modification program helps debtors who’ve Fannie Mae and Freddie Mac owned loans. A Flex Modification, which replaces the now-expired House Reasonably priced Modification Program (HAMP) program, is meant to scale back an eligible borrower’s mortgage cost by about 20%.

FLEX
Financial institution Prepared Bundle

The primary web page of your paperwork package deal incorporates a listing of all the paperwork included together with your proposal
A Lender’s Guidelines web page for confirming that you’ve got submitted all the required paperwork
Your written proposal detailing your purpose for claiming hardship, and how one can afford to maintain your property underneath higher phrases
Lender Revenue/Expense and Asset/Legal responsibility worksheets
If self-employed, your present Revenue & Loss Report, which will likely be copied to Quickbooks
Lender Monetary Hardship guidelines
What we’d like from you

Present Mortgage Statements

Copies of all delinquency Notices of Default
Most up-to-date tax returns
Final 2 months pay stubs
Final 2 months financial institution statements
(full)
Present revenue & loss statements
(if self employed)
Newest property tax assertion
(if not escrowed)
Proof of Insurance coverage
(if not escrowed)
Copy of your Driver’s License
Paperwork

Along with the concise documentation APS gives in our commonplace package deal plan, APS will additional strengthen your case by together with a professionally written and composed letter of hardship, and extra supporting paperwork together with:

Letter of Hardship

Lender Particular Monetary Assertion

Request for Transcript of
Tax Return 4506-T

Freddie Mac 1126 Monetary Assertion (if relevant)

Standardpacificsolutions

9663 S Santa Monica blvd Beverly Hills CA 90250

1 (800) 407-0587