Next Two Months are Important in Loan Modification

It seems like the loan modification program by various banks is moving forward albeit on a slow pace. My impression is that once all the policy is laid down, and the loan modification personnel’s doubts are cleared, the pace of loan modification would pick up. However, for people who like to do loan modification it is suggested that they should have their papers in order and ready. We like to sum up all those documents one more time:

- Bank statements for the last three months

- Payroll stubs for the last 3 months

-Tax Return for the year 2007

- Employment record of both spouses

- Hardship letter, and reasons why this loan modification is required

-copies of their mortgage payments coupon