Get the free Hardship Affidavit Fannie Mae bFormb 1023

Streamlined Modification Program Hardship Affidavit Borrower Name(s) (I): Property Address (Property): Lender: Loan Number: In order to qualify for s offer to enter into a conditional Loan Workout

How to fill out hardship affidavit fannie mae

To fill out the hardship affidavit Fannie Mae, follow these steps:

1. Begin by downloading the hardship affidavit form from the Fannie Mae website or obtaining it from your mortgage servicer.
2. Gather all the necessary documents and information before starting to fill out the form. This may include financial statements, pay stubs, bank statements, tax returns, and any other relevant documentation.
3. Start by providing your personal information, including your full name, address, contact information, and social security number on the designated sections of the form.
4. Next, indicate your mortgage loan by providing details such as the loan number, the address of the property, and the name of the servicer.
5. In the "Hardship Information" section, explain the reason for your hardship in detail. This could include job loss, medical expenses, divorce, or any other significant financial setback that is making it difficult for you to meet your mortgage obligations.
6. Provide details about your current employment status, including your employer's name, your position, and your monthly income. If you have multiple sources of income, ensure you include all of them in this section.
7. In the "Monthly Income and Expenses" section, provide a thorough breakdown of your monthly income and expenses. This should include not only your regular income and expenses but also any other outstanding debts or financial obligations you have.
8. If you have experienced a decrease in income or an increase in expenses due to your hardship, be sure to clearly explain these changes and provide documentation to support your claims.
9. In the "Assets and Liabilities" section, list all your assets, such as cash, stocks, real estate, and any retirement or savings accounts. Also, provide information about any outstanding liabilities such as credit card debt, car loans, or student loans.
10. Finally, review the completed hardship affidavit thoroughly, ensuring that all the information provided is accurate and supported by relevant documents. Once you are satisfied, sign and date the form.

Who needs a hardship affidavit Fannie Mae?

A hardship affidavit Fannie Mae is required by homeowners who have a Fannie Mae-backed mortgage loan and are experiencing financial hardship. This form is used to provide detailed information about the homeowner's situation and financial status, allowing the mortgage servicer to evaluate if the homeowner qualifies for any loan modification or alternative foreclosure prevention programs offered by Fannie Mae. It is important to consult with your mortgage servicer or a housing counselor to determine if you need to fill out a hardship affidavit.

For pdfFiller’s FAQs

What is hardship affidavit fannie mae?

The hardship affidavit Fannie Mae is a document that borrowers submit to their mortgage servicer to request foreclosure prevention assistance.

Who is required to file hardship affidavit fannie mae?

Borrowers who are facing financial hardship and are unable to make their mortgage payments are required to file the hardship affidavit Fannie Mae.

How to fill out hardship affidavit fannie mae?

The hardship affidavit Fannie Mae can typically be filled out online through the borrower's mortgage servicer's website or by contacting the servicer directly for assistance.

What is the purpose of hardship affidavit fannie mae?

The purpose of the hardship affidavit Fannie Mae is to provide documentation of the borrower's financial hardship and request for assistance in avoiding foreclosure.

What information must be reported on hardship affidavit fannie mae?

The hardship affidavit Fannie Mae typically requires information such as the borrower's income, expenses, assets, and details of the hardship they are facing.

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