Park Tree requires all Borrower and Co-Borrowers to submit a completed Hardship Package prior to discussing any modifications to loans.
Borrower and Co-Borrower must complete this form and be prepared with the following documents prior to starting:
Completed and signed Third Party Authorization form (see below)
Completed Income and Expenses Statement (see below)
Two most recent paystubs
Proof of status on property insurance
Proof of status on property taxes
Most recent 1st mortgage statement
Copy of 1st mortgage modification if you have one
The documents listed above will need to be uploaded as electronic files into this online submission.
THIRD PARTY AUTHORIZATION FORM
Gives authorization for Park Tree to obtain, discuss, and otherwise gather information related to the Borrower and Co-Borrower of the loan. (One is required for each Borrower.)
INCOME / EXPENSE STATEMENT
Provides detail on Borrower (and Co-Borrower) income and expenses for the Hardship Package.