Mortgage Relief Help

• For each borrower who is a salaried employee or hourly wage earner, provide the two most recent paystubs that reflect at least 30 days of year-to-date earnings for each borrower. Include reliable third-party documentation describing the amount and nature of the income for “Other Earned Income” such as: overtime, bonuses, commissions, housing allowance, or tips (e.g. employment contract or printouts documenting tip income).

• For each borrower who receives self-employed income: provide a complete, signed individual federal income tax return and, as applicable, the business tax return; AND either the most recent signed and dated quarterly or year-to-date profit/loss statement that reflects activity for the most recent three months; OR copies of bank statements for the business account for the last two months evidencing continuation of business activity.

• For each borrower who receives unemployment income, provide last two unemployment checks or deposits. If you do not have copies of your unemployment checks you can perform a claim inquiry to access your records online at https://sso.ctdol.state.ct.us/

• For each borrower who receives Social Security, disability or death benefits, pension, public assistance or adoption assistance, provide documentation showing the amount and frequency of the benefits such as: letters, exhibits, disability policy, or benefits statement from the provider and documentation showing receipt of the payment, such as two most recent bank statements.

• For each borrower who receives rental income, provide a copy of your most recent federal tax return with all schedules, including Schedule E- Supplemental Income & Loss. Rental Income for qualifying purposes will be 75% of the gross rent reduced by the monthly debt service on the property if applicable OR if rental income is not reported on Schedule E, provide a copy of the current lease agreement with either bank statements or cancelled rent checks demonstrating receipt of rent.

• For each borrower who receives alimony, child support or separation maintenance payments as qualifying income*, provide a copy of divorce decree, separation agreement, or other written legal agreement filed with a court, or court decree that states the amount of the alimony, child support, or separation maintenance payments and the period of time over which the payments will be received, AND copies of your two most recent bank statements or other third party documents showing receipt of payments.

*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.

Note: 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.

A tax return copy is required for all borrowers regardless of the source of income. Provide a complete copy of the most recent tax return for each borrower. If filing jointly, provide the joint return, including all completed schedules. If you have not filed the most recent year’s tax return, provide a copy of the most recent year for which filing has been completed.

If you cannot locate your most recent tax return, you may request a free transcript from the IRS at https://www.irs.gov/ or by calling 1 (800) 908-9946.

For each borrower, copies of your last two checking and savings accounts.

An online printout for is acceptable as long as the web address for your bank or credit union is either at the top or bottom of the printed page, and we can verify the ownership of that account from the printouts supplied.

A copy of your latest investment account statement that can also be used to document investment income.

• Divorce or legal separation

Copy of divorce decree, signed by the court OR separation agreement, signed by the court OR current credit report evidencing divorce, separation or non-occupying borrower has different address

• Death of Borrower or primary or secondary wage earner in the household

Death Certificate

• Long Term or Permanent Disability; Serious illness of a borrower/co-borrower or dependent

Doctor’s certificate of illness or disability OR Medical Bills OR proof of monthly insurance benefits or government assistance (if applicable)

• Disaster (natural or man-made) which adversely impacts the property or Borrower’s place of employment

Insurance claim OR Federal Emergency Management Agency grant or Small Business Administration loan OR proof of monthly insurance benefits or government assistance (if applicable).

• Distant Employment Transfer

Written employer notification OR Military Service Orders

• Business Failure

Tax Return from previous year (including all schedules) AND proof of business failure supporting by one of the following OR Bankruptcy filing on the business OR two months most recent bank statements for the business account evidencing cessation of business activity OR most recent signed and dated quarterly of year to date profit and loss statement

There will never be a fee from McCue Mortgage or a qualified counselor to obtain assistance or information about foreclosure prevention options. However, foreclosure prevention has become a target for scam artists. Be wary of companies or individuals offering to help you for a fee, and never send a mortgage payment to any company other than the one listed on your monthly mortgage statement or one designated to receive your payments under a state assistance program.

We will contact you to confirm that we have received your package and will review it to determine whether it is complete. Then, we will send you a notice of incompleteness in the event there is any missing information or documentation that you must still submit. We cannot guarantee that you will receive any (or a particular type of) assistance.

Upon receipt of a complete Borrower Response Package, we will let you know which foreclosure alternatives, if any, are available to you and will inform you of your next steps to accept our offer. However, if you submit your complete Borrower Response Package less than 37 days prior to a scheduled foreclosure sale date, we will strive to process your request as quickly as possible, but you may not receive a notice of incompleteness or a decision on your request prior to foreclosure initiation. Please submit your Borrower Response Package as soon as possible.

You remain obligated to make all mortgage payments as they come due, even while we are evaluating the types of assistance that may be available.

If you have missed four monthly payments or there is reason to believe the property is vacant or abandoned, we may refer your mortgage to foreclosure regardless of whether you are being considered for a modification or other types of foreclosure alternatives.

Yes, the sooner the better!

The delinquency status of your loan will be reported to credit reporting agencies as well as your entry into a Repayment Plan, Forbearance Plan, or Trial Period Plan in accordance with the requirements of the Fair Credit Reporting Act and the Consumer Data Industry Association requirements.

While the affect on your credit will depend on your individual credit history, credit scoring companies generally would consider entering into a plan with reduced payments as increasing your credit risk. As a result, entering into a plan with reduced payments may adversely affect your credit score, particularly if you are current on your mortgage or otherwise have a good credit score.

Yes, HUD-approved counselors are available to provide you with the information and assistance you may need to avoid foreclosure. You can use the search tool at http://www.hud.gov/offices/hsg/sfh/hcc/fc/ to find a counselor near you.

Foreclosure prevention has become a target for scam artists. We suggest using the HUD Web site referenced in the question above to locate a counselor near you. Also, please refer to information regarding Foreclosure Rescue Scams for more information.

The Pre-foreclosure Sale Program allows homeowners in default to sell their home and use the proceeds to satisfy mortgage debt, even if the proceeds are less than the amount owed. Your ability to participate in this program varies based on your property condition, title and your financial situation. Your eligibility also varies based on the type of loan that you have. If you are interested in abandoning or disposing of your home, the short sale program is the first option we will consider to assist you.