Get documents about "Press Release - Morgage Modification
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Dear Homeowner,
Mortgage Modification.org wants you to know that your situation is a matter that we
have had unprecedented success in resolving.
On a daily basis Attorneys are in constant contact with ALL of the Lenders in
America that are in control of the Mortgage Industry.
Mortgage Modification.org has found a process in which an existing loan's terms
and conditions such as the interest rate and monthly payment schedule is modified
with the approval of the Lender, this makes it more affordable for the debtor,
allowing for the payoff the outstanding balance or adjusted balance. Mortgage
Modification.org facilitates Legal Representation that can be used as leverage to get
better terms and conditions on your Home Mortgage.
When filling out the attached paperwork please be honest and forthcoming with all
of your critical data. The Attorneys that will be negotiating your Mortgage
Modification will need to have your complete and detailed picture of your current
circumstance.
A Mortgage Modification is an option that you can request through your current
Mortgage Company. You are not refinancing to a whole new loan. You are asking
for a Modification of your existing loan. Not all mortgages can be modified, so you
will need to discuss this with your mortgage company.
You should always Protect your Home and Avoid Foreclosure
Legal Representation . The Law Offices of William O’Toole, P.A.
200 South Andrews Avenue, Suite 502
Fort Lauderdale, FL 33301
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Documents Checklist
Case Manager Report (INTERNAL USE ONLY)
Financial Worksheet (INTERNAL USE ONLY)
Home Owner Authorization Form
Payment Authorization Form
Most Recent Mortgage Statement
Hardship Letter
Two Months of Most Recent Bank Statements
One Month of Most Recent Paystubs (YTD Profit & Loss if Self Employed)
W2 for the Past Two Years (Complete Tax Returns if Self Employed)
Copy of Mortgage Application* (1003/8 – When Applied for Existing Loan)
Copy of Complete Closing Package*
Any Correspondence Remitted by Your Mortgage Lender
Retainer Agreement
* These documents are required to perform the loan documentation audit.
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Financial Worksheet:
INSTRUCTIONS
Please fill out form accurately and completely. This form is for our internal data only and does NOT get sent
to the lender.
Order Form:
Please complete form and choose which payment method the client prefers.
If check or money order, please make copy and attach it to the file.
Case Manager Report:
This form allows us to pre-qualify the case. It needs to be completed by the “Originator” when interviewing
the client. All fields need to be filled out accurately and completely.
Hardship Letter:
This is a must and should be written in detail explanation the home owner’s situation. Please read the
Hardship Letter Instructions for a better understanding (last page of package).
Home Owner Authorization Form:
Complete form including but not limited to, lender’s name and loan #.
In the event there is a 1st and 2nd mtg, please complete to separate forms (one for each, even if it is the same
lender holding both notes).
Other Documents:
Please gather all necessary documents listed on the cover sheet of our package and submit complete file at
one time.
THANK YOU!
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CASE MANAGER REPORT
(TO BE COMPLETE BY ORIGINATOR / INTERVIEWER)
Office Submitted by _____________________________________________________________
Consultant’s Name ______________________________________________________________
Home Owner Name (s) ___________________________________________________________
Property Address ________________________________________________________________
Lender(s): 1st Mortgage __________________ Loan Number ___________________________
2nd Mortgage __________________ Loan Number ___________________________
3rd Mortgage __________________ Loan Number ___________________________
Home Owner Contact / Personal Information
Home Owner Name (s) __________________________________________________________
Property Address _______________________________________________________________
Property City, State & Zip Code ___________________________________________________
Home Owner Current Address _____________________________________________________
Is the subject property a Primary Residence Second Home or Investment Property? (Please circle one)
Home owner 1 Date of Birth ___________________ Home Owner 2 Date of Birth __________________
Home Phone_________________ Work Phone ________________ Cell Phone_______________
E-Mail_________________________________________________________________________
Home Owner Income Information
Total Monthly Net Income (after taxes) $__________________________
Total Monthly Expenses $______________________________________
Total Amount of Money in the Home Owner savings account $___________________________
Three (3) month average balance in the Home Owner savings account $____________________
Total Amount of Money in the Home Owner checking account $__________________________
Three (3) month average balance in the Home Owner checking account $__________________
Total Amount of money in retirement savings (401k, IRA, etc…) $___________________
Are these assets available to pay the Mortgage? Yes or No
Number of people in home _________________ Number of people in the home under the age of 18 __________
Has the Home Owner filed for Bankruptcy? Yes or No
If yes, has the Bankruptcy been fully discharged? Yes or No Date of Discharge? ________________
Has the Home Owner received foreclosure papers? Yes or No
Has the Home Owner received a notice of sale? Yes or No
Has the court set a sale date? Yes or No If Yes, then when is the Sale Date? ____________
Has the Home Owner tried to Re-Finance? Yes or No
Has the Home Owner listed the home? Yes or No If Yes, for how long? ___________________
Mortgage Information
1st Mortgage Lender ____________________________ Loan Number ___________________________
1st Mortgage Balance $_________________
1st Mortgage Payment $________________ Does this payment include Taxes and Insurance – Escrows? __________
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1st Mortgage interest rate ________%
Type of Mortgage (fixed, adjust, balloon) ________________
Months behind on 1st Mortgage? _______________________
2nd Mortgage Lender ______________________________________________________
2nd Mortgage Balance $_________________
2nd Mortgage Payment $________________
2nd Mortgage interest rate ________%
Type of Mortgage (fixed, adjust, balloon) ________________
Months behind on 2nd Mortgage? _______________________
3rd Mortgage Lender_______________________________________________________
3rd Mortgage Balance $_________________
3rd Mortgage Payment $________________
3rd Mortgage interest rate ________%
Type of Mortgage (fixed, adjust, balloon) ________________
Months behind on 3rd Mortgage? _______________________
Property Information
Is the house occupied? Yes or No
Is this house a Primary Residence or 2nd Home or Investment Property? (Please circle one)
Current Value of the home? $___________________________
When was the home purchase? ____________________________
What was the purchase price? $____________________________
How much are the property taxes? $________________________
How much is the annual insurance? (Home Flood and Wind combined)? $_______________________
HARDSHIP
What is the H/O’s hardship? (i.e., lost job, health issues, rate adjustment, divorce, new baby)
_____________________________________________________________________________________
_____________________________________________________________________________________
_____________________________________________________________________________________
Home Owner Goals
What does the H/O need from this modification? (lower rate, principal reduction, longer term)
_____________________________________________________________________________________
_____________________________________________________________________________________
_____________________________________________________________________________________
Client Comments
What are your thoughts regarding this file? Are there any immediate issues that you noticed during the
interview?
_____________________________________________________________________________________
_____________________________________________________________________________________
_____________________________________________________________________________________
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Home Owner Authorization
Home Owner:___________________________________________
Home Owner:___________________________________________ Lender:_________________________
(1st Mortgage)
Subject Property:________________________________________
Loan #:_________________________
City:________________________State:______Zip:____________ (1st Mortgage)
Dear Sir / Madam:
I/We, the undersigned Borrower(s), (hereinafter the Borrower), residing at, _______________________________________
______________________________________________________ (residence of client) authorize The Law Offices of William
O’Toole, P.A., and its representatives (hereinafter LOWO, P.A.) to discuss Borrower request for payment assistance with
__________________________________________________________ (hereinafter the Lender) that the Borrower has
identified as the Borrower’s designated agent(s). Further, LOWO, P.A. is hereby authorized to negotiate the terms of a
workout agreement and/or payoff settlement with Lender and to deliver documents and release additional information to
K&A, which concerns the Borrower request for payment assistance.
The Borrower will be fully responsible for reviewing any information that is sent by Lender to LOWO, P.A.. This
Authorization will remain effective until the Borrower specifically notifies the Lender in writing that this Authorization is
of no further force and effect. This is in accordance with Title 24 of the CFR 203.500 (HUD) were applicable.
Your prompt reply is appreciated.
The Law Offices of William O’Toole, P.A. is defined as all representatives of LOWO, P.A. including, but not limited, to
any and all affiliated companies and said companies’ employees.
____________________________ ____________ _____________________
Client/Borrower Signature Date Social Security #
____________________________ ____________ _____________________
Client/Borrower Signature Date Social Security #
I hereby certify this to be a true and correct copy of the original signature(s).
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Home Owner Authorization
Home Owner:___________________________________________ Lender:_________________________
Home Owner:___________________________________________ (2nd Mortgage or HELOC)
Subject Property:________________________________________ Loan #:_________________________
(2nd Mortgage or HELOC)
City:________________________ State:______ Zip:____________
Dear Sir / Madam:
I/We, the undersigned Borrower(s), (hereinafter the Borrower), residing at, _______________________________________
______________________________________________________ (residence of client) authorize The Law Offices of William
O’Toole, P.A., and its representatives (hereinafter LOWO, P.A.) to discuss Borrower request for payment assistance with
__________________________________________________________ (hereinafter the Lender) that the Borrower has
identified as the Borrower’s designated agent(s). Further, LOWO, P.A. is hereby authorized to negotiate the terms of a
workout agreement and/or payoff settlement with Lender and to deliver documents and release additional information to
LOWO, P.A. , which concerns the Borrower request for payment assistance.
The Borrower will be fully responsible for reviewing any information that is sent by Lender to LOWO, P.A. This
Authorization will remain effective until the Borrower specifically notifies the Lender in writing that this Authorization is
of no further force and effect. This is in accordance with Title 24 of the CFR 203.500 (HUD) were applicable.
Your prompt reply is appreciated.
The Law Offices of William O’Toole, P.A. is defined as all representatives of LOWO, P.A. including, but not limited, to
any and all affiliated companies and said companies’ employees.
____________________________ ____________ _____________________
Client/Borrower Signature Date Social Security #
____________________________ ____________ _____________________
Client/Borrower Signature Date Social Security #
I hereby certify this to be a true and correct copy of the original signature(s).
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Financial Worksheet
Income Monthly Deductions Monthly
Gross Wages Federal Tax Withholding
Self Employed Income FICA
Commissions, Bonus Social Security
Disability Income / SSI Medicare
Child Support / Alimony State Tax Withholding
Rental Income 401K Plan
Unemployment Income Dues (specify)
Other Income (specify) Other Deductions (specify)
Pension - Prudential
Total Income Total Deductions
Expenses
Real Estate Medical
First Mortgage Health Insurance
Second Mortgage - HELOC Co-Payments
Taxes (If not part of mortgage payment) Prescriptions
Hazard Ins (if not part of mortgage payment)
Homeowners Assoc / Condo Due Household
Other Mortgages, Liens, Rents Groceries
Child Care
Utilities Clothing
Electricity Laundry / Dry Cleaning
Water / Sewer
Gas Miscellaneous
Telephone Credit Cards Minimum Pmts
(total)
Cell Phone Installment Loans (total)
Cable / Internet Student Loans
Child Support / Alimony
Automobile Spending Money
Loans (vehicle 1)
Loans (vehicle 2) Other (specify)
Insurance
Gasoline
Repairs
Tolls
Total Expenses
Difference
X________________________________________ X________________________________________
Home Owner Printed Name Home Owner Signature
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ORDER FORM
Date: _______________
Client Information:
Name:
Address:
State/Province:
Zip/Postal Code:
Phone:
Fax:
Email Address:
Deliver Welcome Package To: Same as Above □
Name:
Address:
State/Province:
Zip/Postal Code:
Payment Method: Fee Amount: ___________
Personal Check, Money Order, or Certified Check payable to: The Law Offices of William O’Toole, P.A.
ATTORNEY FEES:
$2,495 – For Mortgages that are $200,000 or over
$1,995 – For Mortgages that are $199,999 or under
Card Number:
Expiration Date:
Cardholder Name:
3 Digit Verification Code (back of card):
My signature below confirms that I have read the retainer agreement between The Law Offices of William
O’Toole, P.A. and myself (client/customer), and that I willingly accept all of the terms and conditions of this
agreement.
Client/Customer Signature: _______________________________________________________________
Disclaimer: Because all of our legal services are for you, the client, and such services are rendered at the time of contract, there
are no refunds, charge-backs or challenges for services paid for with your credit card. Such Challenges or attempted charge-backs
will be considered a breach of your Limited Legal Services Agreement with The Law Offices of William O’Toole, P.A.and fraud.
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Hardship Letter Instructions:
DATE
LENDER NAME
ADDRESS
LOAN NUMBER
Dear Sir/Madam,
Our names are/My name is [NAME] and I’ve/we’ve been paying the mortgage on our home
at [ADDRESS] for years now. I’m/We’re writing to you to explain why I/we have
unfortunately fallen behind on our monthly payments.
EXPLAIN YOUR HARDSHIP IN DETAIL HERE
• INCLUDE DATES OF EMPLOYMENT AND NON-EMPLOYMENT
• ALSO BE SURE TO EXPLAIN HOW AND THAT IT HAS BEEN RESOLVED
We/I have sat down with my/our family and taken a very hard look at our financial situation and
we all have agreed to make the following sacrifices in order to make certain that this situation
never happens again.
EXPLAIN WHAT FINANCIAL SACRIFICES / CUTBACKS YOU’VE MADE HERE:
• Cut back on spending (specify)
• Cancelled cable television/cell phone
• Eliminated costly activities
• Met with credit counselors to arrange payment plans
My family and I are truly grateful for the opportunity that you’ve given us to own our home and
have every intention of keeping it for a long while, as well as making timely mortgage payments
to you for it. Our children will grow up here and we hope that our grandchildren will also. Thank
you again and we wish you all the best!
HAVE EVERYONE IN YOUR FAMILY SIGN THIS LETTER HERE
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