1. Letter of Authorization for Agent or Broker :
Names the agent as authorized representative in order to communicate and negotiate with the Lender on Borrower’s behalf. Must be signed by all borrowers

2. Listing Agreement :
Lender May require a fully executed Listing Agreement.

3. Broker Price Option (BPO) / Comparative Market Analysis (CMA) :
Lender will require a Market Analysis or other justification of the estimated value of the property. Include recent, valid comparables within close proximity.

4. Purchase Contract :
A complete, readable, fully executed copy of the entire agreement. Be sure to include all counter offers and addendums.

5. Financial Statement/P&L :
The borrower will need to disclose enough information to demonstrate that a financial hardship exists. The Lender has the right to require extensive financial information. Generally a complete Freddie Mac Financial statement is sufficient.

6. Lender Statements :
Lender will want to see two to three months of Lender activity for all borrowers on the loan. Statements for non-retirement accounts should be included.

7. Hardship Letter :
Borrower should explain why they need relief from the mortgage. The letter should detail any job loss, illness, relocation or other circumstances that caused the inability to continue the scheduled payments.

8. Proof of Income :
Two to three months of pay stubs for all borrowers.