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LAKESIDE FINANCIAL, INC. 24331 MIDLANDS BLVD. #4311 LAKE FOREST, CA 926303689 PHONE (949) 7681773 FAX (949) 7686363 EMAIL: HERB COX.NET LOAN WORKOUT APPLICATION FINANCIAL INFORMATION SUMMARY Borrower
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How to fill out loan workout application

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How to fill out a loan workout application:

01
Gather all necessary financial documents, such as bank statements, tax returns, and pay stubs.
02
Complete the personal information section of the application, including your name, address, contact information, and social security number.
03
Provide details about the loan you are seeking a workout for, such as the lender's name, loan amount, and current status.
04
Explain the reasons why you are applying for a loan workout, highlighting any financial hardship or changes in circumstances.
05
Provide a detailed breakdown of your monthly income and expenses to demonstrate your ability to afford modified loan terms.
06
Submit any supporting documentation, such as medical bills, unemployment records, or divorce decrees, that can strengthen your case for a loan workout.
07
Review the completed application for accuracy and make any necessary corrections before submitting it to the lender.

Who needs a loan workout application:

01
Individuals or businesses who are struggling to make their loan payments due to financial difficulties.
02
Borrowers who have experienced a significant change in their financial situation, such as a job loss, medical emergency, or divorce.
03
Those who want to renegotiate their loan terms to make payments more affordable and avoid defaulting on their loan.
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Loan workout application is a form submitted by borrowers who are experiencing financial hardship and are seeking to modify the terms of their loan agreement.
Borrowers who are facing financial difficulties and are unable to make their loan payments as agreed are required to file a loan workout application.
To fill out a loan workout application, borrowers must provide detailed information about their financial situation, income, expenses, assets, and liabilities.
The purpose of a loan workout application is to request a modification of the terms of a loan in order to make it more affordable for the borrower and reduce the risk of default.
Information that must be reported on a loan workout application includes financial statements, proof of income, documentation of financial hardship, and a proposed plan for loan modification.
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NANCIAL HERBCOX MUIRLANDS Borrower BLVD LAKESIDE SUMMARY

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