Ca Dmv Form Inf 1126 PDF Details

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.

QuestionAnswer
Form NameCa Dmv Form Inf 1126
Form Length3 pages
Fillable?No
Fillable fields0
Avg. time to fill out45 sec
Other names1126, va form 10 1126 fillable, financial borrower information form, form inf 1126

Form Preview Example

Form 1126

Borrower Financial Information

Freddie Mac Loan Number

 

BORROWER

 

 

 

 

CO-BORROWER

 

 

 

 

 

BORROWER’S NAME

 

 

 

CO-BORROWER’S NAME

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

SOCIAL SECURITY NUMBER

 

DATE OF BIRTH

 

SOCIAL SECURITY NUMBER

 

 

DATE OF BIRTH

 

 

 

 

 

 

 

 

 

 

 

 

HOME PHONE NUMBER WITH AREA CODE

(BEST TIME TO CALL)

 

HOME PHONE NUMBER WITH AREA CODE

(BEST TIME TO CALL)

 

 

 

 

 

 

 

 

 

 

 

WORK PHONE NUMBER WITH AREA CODE

(BEST TIME TO CALL)

 

WORK PHONE NUMBER WITH AREA CODE

(BEST TIME TO CALL)

 

 

 

 

 

 

 

 

 

 

 

CELL PHONE NUMBER WITH AREA CODE

(BEST TIME TO CALL)

 

CELL PHONE NUMBER WITH AREA CODE

(BEST TIME TO CALL)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

MAILING ADDRESS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

PROPERTY ADDRESS (IF SAME AS MAILING ADDRESS, JUST WRITE SAME)

 

 

 

EMAIL ADDRESS

 

 

 

 

 

 

 

 

 

 

 

 

Number of Dependants:

 

Do you occupy the property?

 

Is it rental property? Yes

No

Is it leased? Yes

No

 

 

 

 

Yes

No

 

If you have a lease agreement, please provide a copy.

 

 

 

 

 

Is the property listed for sale?

Yes

No

 

Have you contacted a credit-counseling agency for help?

Yes

No

 

 

If yes, please provide a copy of the listing agreement.

 

If yes, please complete counselor contact information below.

 

 

 

 

Agent’s Name:

 

 

 

Counselor’s Name:

 

 

 

 

 

 

 

 

Agent’s Phone Number:

 

 

 

Counselor’s Phone Number:

 

 

 

 

 

 

 

Agent’s Email:

 

 

 

Counselor’s Email:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Do you receive, and pay, the Real Estate Tax bill on your home or

 

Do you pay for a hazard insurance policy?

Yes

No

 

 

 

does your lender pay it for you? I do

Lender does

 

Is the policy current?

Yes

No

 

 

 

 

 

Are the taxes current? Yes

No

 

 

 

If you pay it, please provide a copy of the policy.

 

 

 

 

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

 

 

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

 

Excessive Obligations

Business Failure

 

Fraud

Casualty Loss

 

Illness in Family

Curtailment of Income

 

Illness of Mortgagor

Death in Family

 

Inability to Rent Property

Death of Mortgagor

 

Incarceration

Distant Employment Transfer

Marital Difficulties

I believe that my situation is:

Short term (under 6 months)

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

 

Balance / Interest Rate

 

Phone Number (WITH AREA CODE)

 

$

 

 

Lien Holder’s Name

 

Balance / Interest Rate

 

Phone Number (WITH AREA CODE)

Before mailing, make sure you have signed and dated the form and attached appropriate documentation.

Volume 2

Single-Family Seller/Servicer Guide

Page F1126--1

Bulletin 2007-5

 

12/19/07

EMPLOYMENT

BORROWER- EMPLOYER’S ADDRESS & PHONE #

HOW LONG?

CO-BORROWER- EMPLOYER’S ADDRESS & PHONE #

HOW LONG?

 

 

 

 

 

 

Monthly Income - Borrower

Monthly Income - Co-Borrower

 

 

 

Gross Wages / Frequency of Pay

$

Gross Wages / Frequency of Pay

$

 

 

 

Unemployment Income

$

Unemployment Income

 

 

$

 

 

 

Child Support / Alimony*

$

Child Support / Alimony*

$

 

 

 

Disability Income/ SSI

$

Disability Income/ SSI

 

 

$

 

 

 

Rents Received

$

Rents Received

 

 

$

 

 

 

Other

$

Other

 

 

$

 

 

 

Less: Federal and State Tax, FICA

$

Less: Federal and State Tax, FICA

$

 

 

 

Less: Other Deductions (401K, etc.)

$

Less: Other Deductions (401K, etc.)

$

 

 

 

Commissions, bonus and self-employed income

$

Commissions, bonus and self-employed income

$

 

 

 

* * * * * 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 * * * * * *

 

 

 

Paystub must be most recent date with year to date information.

 

 

 

 

Total (Net income)

$

 

 

Total (Net income)

$

 

 

 

Monthly Expenses

 

 

Assets

 

 

 

 

Other Mortgages / Liens

$

 

Type

Estimated Value

 

 

 

Auto Loan(s)

$

Checking Account(s)

 

 

$

 

 

 

Auto Expenses / Insurance

$

Saving / Money Market

 

 

$

 

 

 

Credit Cards / Installment Loan(s)

$

Stocks / Bonds / CDs

 

 

$

 

 

 

(total minimum payment for both per month)

 

 

 

 

 

 

 

 

Health Insurance (not withheld from pay)

$

IRA / Keogh Accounts

 

 

$

 

 

 

Medical (Co-pays and Rx)

$

401k / ESPO Accounts

 

 

$

 

 

 

Child Care / Support / Alimony

$

Home

 

 

$

 

 

 

Food / Spending Money

$

Other Real Estate

 

#

$

 

 

 

Water / Sewer / Utilities / Phone

$

Cars

 

#

$

 

 

 

HOA/Condo Fees/Property Maintenance

$

Life Insurance (Whole Life not Term)

$

 

 

 

Life Insurance Payments (not withheld from pay)

$

Other

 

 

$

 

 

 

Total

$

 

 

Total

$

 

 

 

 

 

 

 

 

 

 

*Alimony, child support or separate maintenance income need not be revealed if the Borrower or Co-borrower does not choose to have it considered for repaying this loan.

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

 

day of

 

, 20

 

 

By

 

 

By

 

 

Signature of Borrower

 

 

 

Signature of Co-Borrower

 

Before mailing, make sure you have signed and dated the form and attached appropriate documentation.

Volume 2

Single-Family Seller/Servicer Guide

Page F1126--2

Bulletin 2007-5

 

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

 

Current Interest rate

Seller/Servicer Number

⎜ ⎜ ⎜ ⎜ ⎜ ⎜ ⎜ ⎜

 

 

 

 

 

⎜ ⎜ ⎜ ⎜ ⎜ ⎜

 

 

 

 

 

 

Preparer’s Name

Date Prepared

Phone Number

Fax Number

 

 

(

)

 

(

)

Seller/Servicer Name

E-mail Address

Address

 

 

 

 

 

 

City

 

 

 

 

 

State

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

MI Contact Name

 

 

 

 

 

Phone Number (

 

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

If Primary MI Coverage:

 

 

 

If Pool MI Coverage:

 

 

 

 

 

 

 

MI Company__________________________

MI Company____________________________

 

 

 

 

Certificate #____________________________

Certificate #____________________________

 

 

 

 

% of Coverage__________________________

% of Coverage__________________________

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Recommendation:

 

 

Short Payoff

 

Scheduled or

Estimated Foreclosure Sale Date

Deed in Lieu

 

 

Makewhole

 

 

/

 

 

/

 

 

 

 

 

 

Bankruptcy History:

Chapter________ Date Filed

/

/

 

 

Date Released

/

/

 

 

 

 

 

 

 

 

 

 

 

 

 

Monthly payment:

P& I

$ ________Hazard Insurance $ _______Other Escrowed Amt $ __________

 

Taxes $ ________Mortgage Insurance Premium $ ___________________

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

If loan is an ARM:

 

 

 

 

 

If loan is a GPM:

 

 

 

 

 

 

 

 

Interest Rate:______Effective Date:________

Interest Rate:______

Effective Date:________

 

 

 

 

P&I__________

 

 

 

 

 

Interest Rate:______

Effective Date:________

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Property Condition:

 

Good

Fair

Property Insurance Claim $

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

MI Contribution $

 

 

 

 

 

Borrower Contribution $

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Junior Lien Amount $

 

 

Lien Holder

 

 

 

 

 

Status of Lien

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Superior Lien Amount $

 

 

Lien Holder

 

 

 

 

 

Status of Lien

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Expenses

 

 

 

Mortgage Debt

 

 

 

 

 

Pending Unpaid Expenses

 

 

 

 

 

 

 

 

 

 

 

 

(describe/due date)

Appraisal/BPO

 

$

 

Unpaid Principal Balance

 

$

 

 

Next RE taxes due

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

/

/

 

 

 

 

Real Estate Taxes

 

$

 

Accrued Interest

 

 

$

 

 

 

 

 

$

 

Foreclosure

 

$

 

Positive Escrow Balance

 

$

 

 

 

 

 

$

 

Bankruptcy

 

$

 

Negative Escrow

 

 

$

 

 

 

 

 

$

 

Water/Sewer Pmts

 

$

 

(Net of advances)

 

 

$

 

 

 

 

 

$

 

Other (explain)

 

$

 

(B) Total Loan Amount

 

$

 

 

 

 

 

$

 

(A) Total Expenses

 

$

 

Total Debt (A + B)

 

 

$

 

 

Total

 

 

 

$

 

Before mailing, make sure you have signed and dated the form and attached appropriate documentation.

Volume 2

Single-Family Seller/Servicer Guide

Page F1126--3

Bulletin 2007-5

 

12/19/07