Hardship Affidavit Form
Name: ______________________
Address: ________________________________
Loan Number: _________________
Use this form to tell us why it’s difficult for you to make your current mortgage payments.
In addition please provide a written explanation with this request describing the specific nature
of your hardship.
I am/We are requesting review of my/our current financial situation to determine whether I/we
qualify for temporary or permanent mortgage relief options.
Date hardship began is: _________________
I believe that my/our situation is:
Short-term (less than 6 months)
Medium-term (6-12 months)
Long-term or Permanent Hardship (greater than 12 months)
I am / We are requesting review under the Making Home Affordable Program. I am/We are
having difficulty making my/our monthly payment because of financial difficulties created by
(check all that apply):
1.
My/Our household income has been reduced. For example: reduced pay or
hours, decline in business earnings, death, disability or divorce of a borrower or
co-borrower.
2.
My/Our monthly debt payments are excessive and I am/We are overextended
with my/our creditors. Debt includes credit cards, home equity or other debt.
3.
My/Our expenses have increased. For example: monthly mortgage payment
reset, high medical or health care costs, uninsured losses, increased utilities or
property taxes.
4.
My/Our cash reserves, including all liquid assets, are insufficient to maintain
my/our current mortgage payment and cover basic living expenses at the same
time.
5.
I am/We are unemployed and (a) receiving/will receive unemployment benefits
or (b) my unemployment benefits ended less than 6 months ago.
6.
Other
Hardship Affidavit Form
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