Navigating financial difficulties can be an overwhelming process for anyone. In such challenging times, the California Department of Motor Vehicles (Ca DMV) provides a crucial form, INF 1126, designed for individuals struggling with their finances, particularly those with Freddie Mac loans. This comprehensive form serves as a gateway for borrowers to share their financial information, offering a structured way to communicate their hardship and seek possible solutions. It requires detailed personal information, including but not limited to borrower and co-borrower's names, social security numbers, contact information, and employment details. Furthermore, it asks for an explicit disclosure of the borrower's financial situation, including income, monthly expenses, assets, and liabilities. The form sets the stage for borrowers to explain the nature of their hardship, whether it's due to illness, income curtailment, or other life events, and specify their preferred outcome, be it retaining or selling the property. Importantly, it also provides instructions for borrowers on how to complete and submit the form, ensuring sensitive financial information is handled securely. Not only does this form facilitate a critical assessment by Freddie Mac to determine eligible workout options, but it also embodies a crucial step for individuals facing financial adversities to regain control over their financial well-being.
Question | Answer |
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Form Name | Ca Dmv Form Inf 1126 |
Form Length | 3 pages |
Fillable? | No |
Fillable fields | 0 |
Avg. time to fill out | 45 sec |
Other names | 1126, va form 10 1126 fillable, financial borrower information form, form inf 1126 |
Form 1126
Borrower Financial Information
Freddie Mac Loan Number
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BORROWER |
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BORROWER’S NAME |
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SOCIAL SECURITY NUMBER |
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DATE OF BIRTH |
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SOCIAL SECURITY NUMBER |
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DATE OF BIRTH |
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HOME PHONE NUMBER WITH AREA CODE |
(BEST TIME TO CALL) |
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HOME PHONE NUMBER WITH AREA CODE |
(BEST TIME TO CALL) |
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WORK PHONE NUMBER WITH AREA CODE |
(BEST TIME TO CALL) |
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WORK PHONE NUMBER WITH AREA CODE |
(BEST TIME TO CALL) |
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CELL PHONE NUMBER WITH AREA CODE |
(BEST TIME TO CALL) |
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CELL PHONE NUMBER WITH AREA CODE |
(BEST TIME TO CALL) |
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MAILING ADDRESS |
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PROPERTY ADDRESS (IF SAME AS MAILING ADDRESS, JUST WRITE SAME) |
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EMAIL ADDRESS |
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Number of Dependants: |
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Do you occupy the property? |
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Is it rental property? Yes |
No |
Is it leased? Yes |
No |
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Yes |
No |
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If you have a lease agreement, please provide a copy. |
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Is the property listed for sale? |
Yes |
No |
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Have you contacted a |
Yes |
No |
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If yes, please provide a copy of the listing agreement. |
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If yes, please complete counselor contact information below. |
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Agent’s Name: |
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Counselor’s Name: |
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Agent’s Phone Number: |
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Counselor’s Phone Number: |
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Agent’s Email: |
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Counselor’s Email: |
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Do you receive, and pay, the Real Estate Tax bill on your home or |
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Do you pay for a hazard insurance policy? |
Yes |
No |
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does your lender pay it for you? I do |
Lender does |
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Is the policy current? |
Yes |
No |
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Are the taxes current? Yes |
No |
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If you pay it, please provide a copy of the policy. |
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If you pay it, please provide a copy of your tax statement.
Have you filed for bankruptcy? Yes |
No |
Has your bankruptcy been discharged? Yes
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If yes: Chapter 7 |
Chapter 13 |
Filing Date:_______________ |
No |
If yes, please provide a copy of the discharge order signed by the court. |
INVOLUNTARY INABILITY TO PAY
I (We), __________________________________________________________, am/are requesting that the Federal Home Loan Mortgage Corporation
(Freddie Mac) review my/our financial situation to determine if I/we qualify for a workout option.
I am having difficulty making my monthly payment because of financial difficulties created by (Please check all that apply):
Abandonment of Property |
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Excessive Obligations |
Business Failure |
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Fraud |
Casualty Loss |
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Illness in Family |
Curtailment of Income |
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Illness of Mortgagor |
Death in Family |
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Inability to Rent Property |
Death of Mortgagor |
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Incarceration |
Distant Employment Transfer |
Marital Difficulties |
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I believe that my situation is: |
Short term (under 6 months) |
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I want to: |
Keep the Property |
Military Service
Payment Adjustment
Payment Dispute
Property Problems
Title Problems
Transferring Property
Unemployment
Long term (over 6 months)
Sell the Property
Other
Permanent
Please provide a detailed explanation of the hardship on a separate sheet of paper.
If there are additional Liens/Mortgages or Judgments on this property, please name the person(s), company or firm and their respective telephone numbers.
$
Lien Holder’s Name |
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Balance / Interest Rate |
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Phone Number (WITH AREA CODE) |
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$ |
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Lien Holder’s Name |
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Balance / Interest Rate |
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Phone Number (WITH AREA CODE) |
Before mailing, make sure you have signed and dated the form and attached appropriate documentation.
Volume 2 |
Page |
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Bulletin |
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12/19/07 |
EMPLOYMENT
BORROWER- EMPLOYER’S ADDRESS & PHONE # |
HOW LONG? |
HOW LONG? |
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Monthly Income - Borrower |
Monthly Income - |
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Gross Wages / Frequency of Pay |
$ |
Gross Wages / Frequency of Pay |
$ |
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Unemployment Income |
$ |
Unemployment Income |
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$ |
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Child Support / Alimony* |
$ |
Child Support / Alimony* |
$ |
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Disability Income/ SSI |
$ |
Disability Income/ SSI |
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$ |
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Rents Received |
$ |
Rents Received |
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$ |
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Other |
$ |
Other |
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$ |
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Less: Federal and State Tax, FICA |
$ |
Less: Federal and State Tax, FICA |
$ |
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Less: Other Deductions (401K, etc.) |
$ |
Less: Other Deductions (401K, etc.) |
$ |
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Commissions, bonus and |
$ |
Commissions, bonus and |
$ |
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* * * * * A L L I N C O M E N E E D S T O B E D O C U M E N T E D * * * * * * |
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Paystub must be most recent date with year to date information. |
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Total (Net income) |
$ |
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Total (Net income) |
$ |
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Monthly Expenses |
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Assets |
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Other Mortgages / Liens |
$ |
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Type |
Estimated Value |
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Auto Loan(s) |
$ |
Checking Account(s) |
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$ |
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Auto Expenses / Insurance |
$ |
Saving / Money Market |
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$ |
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Credit Cards / Installment Loan(s) |
$ |
Stocks / Bonds / CDs |
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$ |
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(total minimum payment for both per month) |
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Health Insurance (not withheld from pay) |
$ |
IRA / Keogh Accounts |
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$ |
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Medical |
$ |
401k / ESPO Accounts |
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$ |
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Child Care / Support / Alimony |
$ |
Home |
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$ |
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Food / Spending Money |
$ |
Other Real Estate |
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$ |
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Water / Sewer / Utilities / Phone |
$ |
Cars |
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# |
$ |
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HOA/Condo Fees/Property Maintenance |
$ |
Life Insurance (Whole Life not Term) |
$ |
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Life Insurance Payments (not withheld from pay) |
$ |
Other |
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$ |
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Total |
$ |
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Total |
$ |
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*Alimony, child support or separate maintenance income need not be revealed if the Borrower or
I agree as follows: My lender may discuss, obtain and share information about my mortgage and personal financial situation with third parties such as purchasers, real estate brokers, insurers, financial institutions, creditors and credit bureaus. Discussions and negotiations of a possible foreclosure alternative will not constitute a waiver of or defense to my lender’s right to commence or continue any foreclosure or other collection action, and an alternative to foreclosure will be provided only if an agreement has been approved in writing by my lender. The information herein is an accurate statement of my financial status. I consent to being contacted concerning my Mortgage at any cellular or mobile telephone number I may have. This includes text messages and telephone calls to my cellular or mobile telephone.
Submitted this |
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day of |
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, 20 |
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By |
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By |
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Signature of Borrower |
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Signature of |
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Before mailing, make sure you have signed and dated the form and attached appropriate documentation.
Volume 2 |
Page |
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Bulletin |
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12/19/07 |
FOR LENDER USE ONLY
Provide the appropriate information about the borrower, mortgage and property. If there are junior or superior liens, indicate the total amount owed, the name of the lien holder(s) and the status of the lien (i.e., current, in foreclosure, delinquent and indicate the number of days delinquent).
The Debt analysis section is divided into three sections: the amount of expenses which have been paid or advanced to retain the lien status; the total amount of the mortgage debt, including the amount of escrow that remains after any advances have been made; and the pending expenses which you are aware are coming due, such as pending unpaid real estate taxes, and indicate the date that any unpaid expenses are due.
Freddie Mac Loan Number |
Seller/Servicer Loan Number |
DDLPI |
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Current Interest rate |
Seller/Servicer Number |
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⎜ ⎜ ⎜ ⎜ ⎜ ⎜ ⎜ ⎜ |
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⎜ ⎜ ⎜ ⎜ ⎜ ⎜ |
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Preparer’s Name |
Date Prepared |
Phone Number |
Fax Number |
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Seller/Servicer Name
Address |
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City |
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State |
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MI Contact Name |
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Phone Number ( |
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If Primary MI Coverage: |
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If Pool MI Coverage: |
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MI Company__________________________ |
MI Company____________________________ |
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Certificate #____________________________ |
Certificate #____________________________ |
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% of Coverage__________________________ |
% of Coverage__________________________ |
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Recommendation: |
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Short Payoff |
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Scheduled or |
Estimated Foreclosure Sale Date |
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Deed in Lieu |
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Makewhole |
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/ |
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Bankruptcy History: |
Chapter________ Date Filed |
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Date Released |
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Monthly payment: |
P& I |
$ ________Hazard Insurance $ _______Other Escrowed Amt $ __________ |
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Taxes $ ________Mortgage Insurance Premium $ ___________________ |
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If loan is an ARM: |
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If loan is a GPM: |
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Interest Rate:______Effective Date:________ |
Interest Rate:______ |
Effective Date:________ |
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P&I__________ |
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Interest Rate:______ |
Effective Date:________ |
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Property Condition: |
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Good |
Fair |
Property Insurance Claim $ |
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MI Contribution $ |
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Borrower Contribution $ |
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Junior Lien Amount $ |
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Lien Holder |
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Status of Lien |
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Superior Lien Amount $ |
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Lien Holder |
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Status of Lien |
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Expenses |
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Mortgage Debt |
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Pending Unpaid Expenses |
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(describe/due date) |
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Appraisal/BPO |
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$ |
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Unpaid Principal Balance |
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$ |
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Next RE taxes due |
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$ |
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Real Estate Taxes |
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$ |
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Accrued Interest |
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$ |
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$ |
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Foreclosure |
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$ |
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Positive Escrow Balance |
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$ |
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$ |
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Bankruptcy |
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$ |
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Negative Escrow |
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$ |
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$ |
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Water/Sewer Pmts |
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$ |
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(Net of advances) |
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$ |
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$ |
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Other (explain) |
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$ |
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(B) Total Loan Amount |
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$ |
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$ |
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(A) Total Expenses |
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$ |
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Total Debt (A + B) |
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$ |
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Total |
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$ |
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Before mailing, make sure you have signed and dated the form and attached appropriate documentation.
Volume 2 |
Page |
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Bulletin |
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12/19/07 |