The Loan Doctors LLC Let Us Help You Protect

							The Loan Doctors LLC

Let Us Help You Protect Your Home!
 Is your mortgage rate increasing?  Is your home worth less than your mortgage?  Are you having challenges making your mortgage payments?

Modification Program Loan

WE CAN HELP!

The Loan Doctors LLC
Loan Modification Program
Available Nationwide
Are you up at night, worrying because your adjustable rate mortgage is going to reset and you can’t afford the new payment? Maybe you owe more than your house is worth? Or you’re unable to get a new loan because your credit is bad? Maybe you’re 30 days or more late on your mortgage.

A Loss Mitigation Service

You Don’t Have To Lose Your Home
The Loan Doctors LLC (“TLD”) Loan Modification program (a loss mitigation service) can help you, like we’ve helped thousands of others in similar – or even worse – circumstances. Our company specializes in helping people find alternatives to foreclosure and the loss of their home. Our objective is to make sure that you realize no matter how bad your situation might be, foreclosure may be avoided if you take prompt action. Together, we may be able to resolve your delinquency without a foreclosure sale of your home. We have the skill and expertise to give you the greatest chance at getting the result you need. Please Note! We are not foreclosure specialists. We will not engage any client who is currently in NOD (Notice Of Default) status with a lender. We will happily refer you to a foreclosure specialist. Our service goal is to assist you in mediating a modification of your existing loans or short sale of your home. Please note that our services are not offered with the intent of removing your home from foreclosure status.

How Does It Work?
TLD’s Loan Modification Representative will sit down with you and review the alternatives available to allow you to eliminate your hardship. The key to avoid losing your home is you! Through open communication with our loss mitigation specialists, we can try to help you remove you from hardship. In general, there are four options available to a homeowner in distress: 1) Loan Modification: In certain circumstances, an investor may allow us to add the delinquent amount to your loan balance or temporarily reduce the interest rate as well as your principal amount to assist you in curing the default and restoring your credit status. 2) Forbearance/Formal Forbearance: A Forbearance Plan is a repayment agreement between you and your lender. We will review documentation supporting your monthly income and expenses. We will develop a plan and place a proposal in writing providing for payment of one full monthly payment and a portion of the delinquent amount due on your account. The objective of the plan is to allow you to cure your default over a period of time, reinstating your mortgage, while allowing you to maintain your normal monthly living expenses. 3) Short Sale: TLD`s Loan Modification frequently works with homeowners who due to a change in employment or other life event(s), can no longer afford their home. The decision to sell your home under these circumstances is difficult; in addition, fluctuation in real estate markets may leave you in a situation where you have little or no equity – or even a loss upon the sale of your home.

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The Loan Doctors LLC
Loan Modification Program A Loss Mitigation Service

A short-sale occurs when you owe more than your home is worth. PCF Loan Modification may -- with permission from the investor -- assist in the sale of your home under these circumstances in which the investor (mortgage holder) agrees to accept net sales proceeds as full payoff. Investor approval is based upon your financial situation and the current market value of your home. 4) Deed in Lieu of Foreclosure: In the event you have decided you can no longer afford your home and do not want to go through marketing efforts or foreclosure, you may voluntarily return the property to the investor. PCF Loan Modification would need to verify all lien-holders on the property and we would need a walk-through inspection of the property.

What We Bring To The Table
We bring our vast experience and expertise to provide you a real solution to a challenging and stressful situation. The following services will be provided by us. We will negotiate the following:      ADJUSTMENT, ELIMINATION OR REPAYMENT PLANS ON ANY DELINQUENT OR PAST DUE BALANCES; LOAN BALANCE AMOUNT TO BE LESS THAN CURRENT LOAN; LOAN TO BE CONVERTED TO A LONGER FIXED TERM; REDUCTION OF CURRENT AND FUTURE RATE OF INTEREST CHARGE AND MONTHLY PAYMENTS; CURRENT STATUS ON CREDIT REPORT TO ALL THREE (3) AGENCIES.

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The Loan Doctors LLC

THE Time Act Is BEFORE Foreclosure Proceedings Have Started
If your mortgage payments have become difficult, even if you’re not yet late or in foreclosure, then it is time to act. If you are suffering a hardship due to your loan recasting (payments are too high), loss of employment, death of a relative, reduction of income, illness or any other unexpected event, we want to find a way to help you – whatever your situation – and if we can make an adjustment to your mortgage before late payments, notice of defaults, and the like, then it is better for all parties concerned.

So, How Do I Start?
In order to best help you find a solution and the best possible alternative for your situation, we need to carefully review your financial circumstances. Please submit the following information provided on the Check List Form to us. See Check List Form below: Once we have had a chance to review the provided information, then we will sit down with you (in p erson or telephonically – depending on proximity) so that we can discuss how best to proceed. In order to assist you in gathering the necessary information, as well as expediting the process, we have enclosed a number of forms with space for required information. We have also included authorization forms so that we may begin to work on your case. Please fill these out completely and return them to us as quickly as possible. If you have any questions, please do not hesitate to get in contact with us: The Loan Doctors LLC 2745 E. Chapman Ave. Orange, CA 92869

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Loan Modification Program The Loan

A Loss Doctors LLC Mitigation Service

Check List Form
Documents included in Modification Forms and provided by us:  HARDSHIP LETTER - This form allows you to explain in detail the reason behind your financial situation. In addition to filling out this form you will need to provide any and all proof of your hardship claim if there are special circumstances beyond your loan recasting (rate increasing), such as medical bills, death certificate,unemployment stubs, divorce decree, etc. If there is more than one borrower each person needs to complete a separate form. See “Hardship Letter.”  LETTER OF EXPLANATION (LOE) OF ALL INCOME- This form allows you to explain all income that will be utilized to make your modified mortgage payment. This explanation should include explanation as to anyone that will be contributing to mortgage payment. See “Letter of Explanation.” FINANCIAL WORKSHEET - Information for both the borrower and co-borrower, must be included and filled out completely. See “Financial Worksheet.” Send borrower’s authorization to release information. LOAN MODIFICATION INFORMATION WORKSHEET – Personal and property information worksheet AUTHORIZATION TO RELEASE CREDIT INFORMATION – Credit verification MODIFICATION AUTHORIZATION FORM – Authorization to communicate on your behalf with your lender.

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Supporting documents to be provided by you:  COPIES OF MOST RECENT PAYROLL STUBS - Please provide copies of pay stubs for the past 2 months for both the borrower and co-borrower. If you do not have this please provide what you can. COPIES OF LAST 2 YEARS W-2’s - Please provide copies of 2 years W-2’s for both the borrower and coborrower. (IF SELF EMPLOYED) COPIES OF FEDERAL INCOME TAX RETURNS - Provide copies of original signed and dated tax returns, including all schedules, for the 2 most recent tax years for both borrowers. COPIES OF LAST 3 MONTHS BANK STATEMENTS - Please provide copies of the last 3 months bank statements for all accounts, please provide ALL pages. If you need help obtaining your statements either online or by phone see your representative for help. COPIES OF MOST RECENT MORTGAGE STATEMENTS/COUPONS - Please provide copies of your most recent mortgage statement or coupon for your property.

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The Loan Doctors LLC

   

DISCLOSURE: In order for loan modification to begin, you will need to provide us with all of the following information requested above. It is EXTREMELY important to submit a complete package because MISSING INFORMATION WILL DELAY THE PROCESSING OF YOUR REQUEST. Please check off each item as you complete it and/or gather it for your package. Please rush this information to your representative as quickly as possible. Please allow time for the processing of your paperwork. Loan modification is carefully achieved through correspondence with your lender. BE ADVISED! It is your responsibility to furnish the information needed to successfully complete your loan modification package and obtain the best results! Additional information and documentation may be required. Please keep in mind that this disclosure does not constitute a commitment or approval for assistance. In addition, any written or verbal communications from your lender should immediately be presented to us. LENDER COMMUNICATIONS MAY BE TIME SENSITIVE. YOUR LENDER’S NORMAL COLLECTION PROCEEDINGS UP TO AND INCLUDING FORECLOSURE, WILL CONTINUE DURING THE REVIEWING PROCESS. THEREFORE, WE RECOMMEND THAT YOU PROVIDE OUR LOSS MITIGATION SPECIALISTS WITH THE REQUIRED FINANCIAL INFORMATION AS SOON AS POSSIBLE SO THAT WE CAN QUICKLY ASSESS YOUR OPTIONS FOR AVOIDING FORECLOSURE AS WELL AS FOR MODIFYING YOUR CURRENT LOAN.

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The Loan Doctors LLC
Loan Modification Program
Loan Modification Information Work Sheet
1st Loan No:

A Loss Mitigation Service
Complete this worksheet to the best of your ability.

2nd Loan No:

Borrower and Property Information (provide what you can) Borrower’s Name: Co-Borrower’s Name: Date:

Home Phone: Work Phone: Cell Phone: Email: Mailing Address: City: Subject Property Subject Property Address: City:

Best time to call: Best time to call: Best time to call: PCF Representative:

Are you currently in BK: Chapter 7 or 13 Yes No

State:

Zip:

State:

Zip:

Is this property in BK: Chapter 7 or 13 Yes No

Current Loan Detail 1 st T.D. (please provide any information you have available) Mortgage Company: Account #: Fixed ARM Impounds: Yes No Current Mort. Balance: $ Have you modified this loan within last 12 months? Tax per month: Ins: Current Int.(%) Rate: Previous Int.(%) Rate: Yes No

Current Mort. Payment:

Previous Mort. Payment:

Recast Date: Delinquent Amount: Last Payment Accepted:

Recast Int. (%) Rate: No. Of Payments Behind: Notice of Default (NOD) Filed?: Yes No Don’t Know

I declare that the information provided above is truthful and accurate. _________________________, _______________ Borrower Signature Date ________________________________, _____________ Co-Borrower Signature Date

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Loan Modification Program

A Loss Mitigation Service

Loan Modification Information Work Sheet - Continued
1st Loan No: 2nd T.D. (if applicable) Mortgage Company: Account #: Fixed ARM Impounds: Yes Current Mort. Balance: $ Have you modified this loan within last 12 months? No Tax per month: Current Int.(%) Rate: Ins: Previous Int.(%) Rate: Yes No 2nd Loan No:

Current Mort. Payment:

Previous Mort. Payment:

Recast Date: Delinquent Amount: Last Payment Accepted:

Recast Int. (%) Rate: No. Of Payments Behind: Notice of Default (NOD) Filed?: Yes No Don’t Know

Proposed Modification1 (please provide your best guess below – if unsure leave blank) Be realistic with the information you provide below Maximum affordable payment per customer’s request: Plus Tax: Plus INS: Total: (Be realistic) Proposed Term: (Be realistic) Proposed Rate:
1

1st Mortgage

2nd Mortgage

The information provided here is bench mark for the proposed modification and does not ensure that your lender(s) will accept such proposal. Your lender(s) may counter with a different proposal.

I/We can manage a monthly payment of $_________________ without a hardship. Any higher monthly payment than $__________________ per month, and I/we will be forced to either sell or lose my home. I declare that the information provided above is truthful and accurate.

_________________________, _______________ Borrower Signature Date

________________________________, _____________ Co-Borrower Signature Date

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The Loan Doctors

Hardship Worksheet
It is significant that we are able to express to your lender your current financial situation, what are the primary reason why you are in this situation, and the hardship you are currently experiencing. Complete this form to the best of your knowledge, check the appropriate reason or reasons for your hardship along with detailed explanation for each. Please include any documentation that supports your explanation when you return this form. This worksheet along with the Hardship Letter you will be sending will give us a better perspective in understanding your situation; Thus, it will present a stronger case on your behalf. I am having difficulty making my monthly payment on my mortgage due to the following financial problems. Please check all situations that apply to your hardship case. Excessive Financial Responsibility Explain: _____________________________________________________________________________ _____________________________________________________________________________ _____________________________________________________________________________

Reduction in Income Start Date: ( / / ) Explain: _____________________________________________________________________________ _____________________________________________________________________________ _____________________________________________________________________________

Unemployment Start Date:( / / ) _____________________________________________________________________________ _____________________________________________________________________________ _____________________________________________________________________________

Illness Start Date: ( / / ) End Date: ( / / ) Explain: _____________________________________________________________________________ _____________________________________________________________________________ _____________________________________________________________________________

Death Date of Death ( / / ) Explain: _____________________________________________________________________________ _____________________________________________________________________________ _____________________________________________________________________________

Other (Increased interest rate, increased living expenses etc.) Explain: _____________________________________________________________________________ _____________________________________________________________________________ _____________________________________________________________________________

The Loan Doctors LLC
Loan Modification Program Loan Modification Program
Hardship Letter
Please briefly explain your hardship or reason for being delinquent.

A Loss Mitigation Service A Loss Mitigation Service

1st Loan No: Borrower’s Name: Co-Borrower’s Name:

2n d

Loan No: Date:

Explain hardship:

I declare that the information provided above is truthful and accurate. ________________________________,________ _____________________________________,_________ Borrower Signature Date Co-Borrower Signature Date

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Letter Of Explanation Of All Income
Please explain all income that will be utilized to make your modified mortgage payment. If you have income from various sources even if it not easily documented, please provide information and sources as to such income. 1st Loan No: Borrower’s Name: Co-Borrower’s Name:
2n d Loan

No: Date:

Explain Of Income:

I declare that the information provided above is truthful and accurate. ________________________________,________ Borrower Signature Date _____________________________________,_________ Co-Borrower Signature Date

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The Loan Doctors LLC

Modification Authorization Form
To: ____________________________________________________(“Mortgage Lender”) 1st Loan No: Borrower’s Name: Property Address: City: State: Zip: Social Security #: 2nd Loan No: Date:

We(I), ______________________________________ , authorize The Loan Doctors ("TLD") and it`s authorized agents the right to communicate with my Mortgage Lender concerning the hardship that will prevent me from continuing to make any more payments on my home loan. From the date you receive this letter, we(I) request that any communication regarding the modification of our (my) loan be directed to TLD and it’s authorized agents. We(I) have also agreed with TLD that any communication received from you whether oral, written or electronic, regarding this subject, will be immediately directed to them. We (I) further request that TLD and its authorized agents directly communicate with my Mortgage lender in determining the final disposition of my loan modification. Upon completion of review of my loan modification package, I authorize and request my Mortgage lender, forward to TLD , the final disposition of my loan modification request. This documentation may be faxed or mailed to TLD (route of delivery to be determined and the fax number or address to be provided by the authorized agent of The Loan Doctors LLC to the lender notated above upon completion). We (I) are requesting my Mortgage lender to allow TLD and its Agents to do whatever possible to avoid foreclosure due to the hardship we(I) are(am) experiencing. We(I) will inform you in writing should we(I) wish to change these instructions. Respectfully, stated, the requests made above are based on Fair Debt Collection Practices Act (aka FDCPA), 15 U.S.C. § 1692 et seq., and based on the fact that my Mortgage Lender specifically represents their own interests and not ours (mine), and as such, direct communications with my Mortgage lender without direct representation by TLD or its authorized agents could negatively impact the final resolution and final disposition of my loan modification request, and cause harm to my personal and financia l hardship situation. If your property is held as husband and wife in joint tenancy, both signatures are required regardless of your current marital status. Therefore all parties being in agreement do hereby execute this authorization form. (Borrower: Husband or Single Individual) (Borrower: Spouse or Single Individual)

Signature _______________________________,______________ Print Name Date

Signature____________________________________ _____________________________,______________ Print Name Date

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The Loan Doctors LLC

Borrower Signature Authorization
Privacy Act Notice: This information is to be used by the agency collecting it or its assignees in determining whether you qualify as a prospective mortgagor under its program. It will not be disclosed outside the agency except as required and permitted by law. You do not have to provide this information, but if you do not your application for approval as a prospective mortgagor or borrower may be rejected. The information requested in this form is authorized by the Title 38, USC, Chapter 37 (if VA), by 12 USC, Section 1701 et. Seq. (if HUD/FHA); by 42 USC, Section 1452b (if HUD/CPD); and Title 42 USC, 1471 et. Seq., or 7 USC, 1921 et. Seq. (if USDA/FmHA).

Part I-General Information
1. Borrower(s)

2.

Borrower(s)

3. Date

4. Loan Number

Part II- Borrower Authorization I hereby authorize The Loan Doctors LLC to verify my past and present employment earnings records, bank accounts, stock holdings, and any other asset balances that are needed to process my mortgage loan application. I further authorize the Lender/Broker to order a consumer credit report and verify any other credit information, including past and present mortgage and landlord references. It is understood that a copy of this form will also serve as authorization. The information The Loan Doctors LLC obtains is only to be used in the processing of my application for a mortgage loan.

X
Borrower Social Security Number

________
Date

X
Borrower Social Security Number

_____________

Date

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Borrower Name: Loan Number:

FINANCIAL WORKSHEET BORROWER INFORMATION
Property Address: Please check all that apply: I live in this house This is a second house This house is vacant This is a rental property (monthly rent: $_________) Active Bankruptcy

Hm #: __________________________ Wk #: ________________________ Cell # : __________________________ Best time to call: ____________ E mail: ___________________________

Borrower Name Co-Borrower Name Mailing Address:

Social Security # Social Security #

EMPLOYMENT INFORMATION BORROWER
Employer Position

CO-BORROWER
Employer Position

INCOME DATA
HOUSEHOLD INCOME PRIMARY HOMEOWNER CURRENT Gross Net $ $ $ $ $ $ $ $ $ $ $ $ $ $ ADDITIONAL OCCUPANT(S) CURRENT Gross Net

Employment Income Disability Rental Income Unemployment Child Support / Alimony Other TOTAL MONTHLY INCOME

Income Frequency: (please check one) Primary Homeowner: Weekly Bi-Weekly Additional Occupant(s): Weekly Bi-Weekly Semi Monthly Semi Monthly Monthly Monthly Quarterly Quarterly Yearly Yearly

Current Employment Status Primary Homeowner: (please check one) Employed Full-Time Employed Part-Time Unemployed/Not Working Self-Employed Current Employment Status Additional Occupant(s): (please check one) Employed Full-Time Employed Part-Time Unemployed/Not Working Self-Employed

Retired Retired

ASSETS / LIABILITIES DESCRIPTION
Automobile Make / Model Deposit Accounts – Checking / Savings IRA / KEOUGH Accounts 401K Savings Plan Stocks / Bonds / CDs

ESTIMATED VALUE

AMOUNT OWED

NET VALUE

Borrower Name: Loan Number: HOUSEHOLD LIABILITIES AND EXPENSES
EXPENSES ALIMONY / CHILD SUPPORT AUTOMOBILE EXPENSES (Gas, Maintenance) CHILD CARE/ELDER CARE OTHER MORTGAGE(S) EDUCATION FOOD - FAMILY MEDICAL / DENTAL PETS SPENDING MONEY OTHER EXPENSE AUTO INSURANCE HEALTH INSURANCE LIFE INSURANCE HOSPITAL PRESCRIPTIONS CABLE ELECTRICITY GAS TELEPHONE/ CELL PHONE / INTERNET WATER / SEWAGE CLOTHING DRY CLEANING MONTHLY PARKING CLUB OR UNION DUES SCHOOL OR WORK LUNCHES PURCHASED HOA DUES OTHER DEBT AUTOMOBILE LOANS AUTOMOBILE LOANS CREDIT CARDS INSTALLMENT LOANS MORTGAGE PAYMENT 2ND LIEN MORTGAGE PAYMENT PROPERTY TAXES AND INSURANCE (if not included in mortgage payment) PERSONAL LOANS OTHER SECURED DEBT OTHER UNSECURED DEBT OTHER TOTAL EXPENSES/DEBT $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ MONTHLY PAYMENT $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ BALANCE DUE

Net Income: $_____________ - Expenses: $______________ = Surplus: $_____________

Net Income: $_____________ - Expenses: $______________ = Surplus: $_____________

Net Income: $_____________ - Expenses: $______________ = Surplus: $_____________

BORROWER: , 20___ Signature Date

Name (please print) CO-BORROWER: , 20___ Signature Date

Name (please print)