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Reverse Mortgage Servicing Department P.O. Box 40724 Lansing, MI 48901 (888) 5099493 FAX lmrequest@reversedepartment.com***FOR BORROWERS IN NEW YORK ONLY*** LOSS MITIGATION APPLICATION COMPLETE ALL

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How to fill out loss mitigation application ny

01

Gather all necessary financial documents such as pay stubs, bank statements, tax returns, and any other relevant financial information.

02

Contact your mortgage servicer and request a loss mitigation application form.

03

Fill out the application form completely and accurately, providing all requested information about your financial situation.

04

Submit the completed application along with any required documents to your mortgage servicer either online, by mail, or in person.

05

Follow up with your servicer to ensure they have received the application and to confirm the next steps in the process.

Who needs loss mitigation application ny?

01

Homeowners who are struggling to make their mortgage payments and are at risk of foreclosure.

02

Individuals who have experienced a financial hardship such as job loss, medical emergency, or divorce.

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What is loss mitigation application ny?

The loss mitigation application in New York is a process that allows homeowners facing financial hardship to seek alternatives to foreclosure, such as loan modifications or repayment plans.

Who is required to file loss mitigation application ny?

Homeowners who are struggling to make their mortgage payments and are at risk of foreclosure are required to file a loss mitigation application.

How to fill out loss mitigation application ny?

To fill out a loss mitigation application in New York, homeowners must complete a standardized form provided by their mortgage servicer, including detailed financial information and documentation of hardship.

What is the purpose of loss mitigation application ny?

The purpose of the loss mitigation application is to provide homeowners with options to avoid foreclosure by facilitating loan workouts or modifications.

What information must be reported on loss mitigation application ny?

The application must report information such as income, expenses, assets, liabilities, and a description of the financial hardship.

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