Get Bb&t Direct Retail Lending (drl) Loss Mitigation Assistance Form
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How to fill out the BB&T Direct Retail Lending (DRL) Loss Mitigation Assistance Form online
Filling out the BB&T Direct Retail Lending (DRL) Loss Mitigation Assistance Form online is a vital step for users experiencing financial hardship. This guide will provide clear, step-by-step instructions to assist you in completing the form accurately and efficiently.
Follow the steps to complete the BB&T Direct Retail Lending (DRL) Loss Mitigation Assistance Form.
- Press the ‘Get Form’ button to access and view the BB&T Direct Retail Lending (DRL) Loss Mitigation Assistance Form.
- Begin by entering your loan number in the designated field to identify your application.
- Indicate your intention regarding the property by selecting either 'Keep the Property' or 'Sell the Property'.
- Select the current status of the property, choosing from 'Owner Occupied', 'Vacant', or 'Renter Occupied'.
- Choose the type of assistance you are requesting, such as an 'Extension', 'Modification', or 'Short Sale'.
- Answer whether the property is listed for sale by selecting 'Yes' or 'No' and provide additional details such as listing date and agent information if applicable.
- Fill in the borrower and co-borrower information including names, social security numbers, contact numbers, and email addresses.
- Provide details about real estate taxes and homeowner’s insurance, including who pays these and whether they are current.
- Complete the section regarding bankruptcy if applicable, providing details about the chapter and case number.
- Enter monthly household income for both the borrower and co-borrower, noting income sources and amounts.
- Detail monthly household expenses and debts, ensuring all values are accurate and up to date.
- Complete the Hardship Affidavit section, detailing the nature of the hardship and indicating the required documentation.
- Review all information for accuracy before signing and dating the form; ensure all required documentation is attached.
- Once completed, save changes, and consider downloading or printing the document for your records or to share with BB&T as needed.
Complete the BB&T Direct Retail Lending (DRL) Loss Mitigation Assistance Form online today to access the support you need.
Typically, lenders may not pursue foreclosure while you are actively engaged in loss mitigation. Once you submit the BB&T Direct Retail Lending (DRL) Loss Mitigation Assistance Form, your lender is obligated to consider your request before taking further action. However, it's crucial to remain proactive and communicate openly with your lender during the process. Staying informed may help you avoid foreclosure entirely.
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