1. Do you have any mortgage lates?
-If yes, how many? How recent?
-If only one; did it occur after your rate adjusted?
-If no, proceed to next question.
2. Who is your current Lender?
a. Do you have a 1st and 2nd Mortgage?
(Verify if these are on the list of short pay participating lenders 1st, and 2nd)
b. What is your current loan balance and current interest rate on your 1st (and 2nd only if applicable)?
3. Do you currently, or have you had a hardship which could result in a default on your current loan(s)?
i.e.: loss of wages, lay off, decline in business, decrease in your salary or hours, medical reasons, etc. (being on an option arm or ARM can be considered a hardship itself)
4. Is your property currently upside down?
5. Have you participated or processed a loan modification in the last 6 months?
