Approach to Mortgage Forgiveness

T Nathan A Berneman, APC APPROACH TO MORTGAGE FORGIVENESS FOR RESTRUCTURING THE FIRST STEP IS GOING TO BE TO CONTACT YOUR LENDER AND SEE WHAT OPTIONS YOU HAVE. GATHER YOUR FINANCIAL DOCUMENTS LIKE PROOF OF INCOME, BANK STATEMENTS, TAX RETURNS AND MONTHLY EXPENSES - FOR LOAN MODIFICATION, DEED-IN-LIEU & SHORT SALE. SPECIFY YOU HARDSHIPS LIKE JOB LOSS, ILLNESS OR DISABILITY - EXPLAIN WHY YOU CAN NO LONGER PAY OFF THE PRINCIPAL BALANCE. REQUEST A LETTER FROM YOUR MONEY LENDER AND ASK THEM TO DEFINE PRECISELY THE TERMS OF MORTGAGE FORGIVENESS - KEY ELEMENTS LIKE: THE AMOUNT LENDER AGREES TO FORGIVE. OTHER OPTIONS FOR MORTGAGE FORGIVENESS SHORT SALE DEED-IN-LIEU OF FORECLOSURE NON-JUDICIAL FORECLOSURE SECOND MORTGAGES BERNEMANLAWFIRM.COM