Homeowner Checklist for Borrower Response Package

Get Started: Use this checklist to ensure you have completed all required forms and have the right information.
Step 1		Review the information provided to help you understand your options, responsibilities, and next steps: Avoiding Foreclosure Frequently Asked Questions Beware of Foreclosure Rescue Scams
Step 2		Complete and sign the enclosed Borrower Assistance Form. Must be signed by all borrowers on the mortgage (notarization is not required) and must include: All income, expenses, and assets for each borrower An explanation of financial hardship that makes it difficult to pay the mortgage Your acknowledgment and agreement that all information that you provide is true and accurate
Step 3		Complete and sign a dated copy of the enclosed IRS Form 4506-T For each borrower, please submit a signed, dated copy of IRS Form 4506T-EZ (Short Form Request for Individual Tax Return Transcript) Borrowers who filed their tax returns jointly may send in one IRS Form 4506T-EZ signed and dated by both joint filers
Step 4		Provide required Hardship Documentation. This documentation will be used to verify your hardship. Follow the instructions set forth on the Borrower Assistance Form (attached)
Step 5		Provide required Income Documentation. This documentation will be used to verify your hardship and all of your income (Notice: Alimony, child support, or separate maintenance income need not be revealed if you do not choose to have it considered for repaying this loan). Follow the instructions set forth on the Borrower Assistance Form (attached) You may also disclose any income from a household member who is not on the promissory note (non-borrower), such as a relative, spouse, domestic partner, or fiancé who occupies the property as a primary residence. If you elect to disclose and rely upon this income to qualify, the required income documentation is the same as the income documentation required for a borrower. See Page 2 of the Borrower Assistance Form for specific details on income documentation.
Step 6		Gather and send completed documents—your Borrower Response Package. You must send in all required documentation listed in steps 2-4 above, and summarized below: Borrower Assistance Form (attached) Form 4506T-EZ (attached) Income Documentation as outlined on Page 2 of the Borrower Assistance Form (attached) Hardship Documentation as outlined on Page 3 of the Borrower Assistance Form (attached) Please mail all documents above to us: P.O. 1000 1 Liberty Square New Britain, CT 06050-1000

Posted in: Review our checklist before sending in your package: