Thank You for Your Recent Inquiry Regarding Your Account. in Order to Consider Your Request

Thank you for your recent inquiry regarding your account. In order to consider your request, it is necessary that you submit all required documents for file review. The Pre-Approval Checklist (included) provides a detailed list of all required documents. In addition to gathering the required documents on the Pre-Approval Checklist, please fill out all applicable information on the Customer Financial Statement (included).

In the event that a Short Sale scenario is applicable, please review the Short Sale Checklist (included). The items listed on the Short Sale Checklist are required from your realtor when an offer is received to purchase your home. Please note that it is necessary to receive written authorization to discuss your account with your realtor.

The BMO Harris Bank N.A. Loss Mitigation Department will review every situation on an individual basis with the intent to provide the most prudent option available in the shortest time frame possible. Typical turn-around time to render a solution is 30 days from the time that all required documentation is received.

Please contact the BMO Harris Bank N.A. Loss Mitigation Department with any questions at the contact information listed below.

Thank you,

BMO Harris Bank N.A.

Loss Mitigation Department

Phone: 877-849-6160 Option 2

Fax: 414-302-2430

Email:

Mailing Address: BMO Harris Bank N.A.

Loss Mitigation Department, ASC-LP

PO Box 2035

Milwaukee, WI 53202

Pre-Approval Checklist

The checklist below provides a detailed list of required documents for file review. Please note that ALL required documents must be submitted in order for a complete file review to occur. Please return this checklist along with all requested financial information.

Account Number: ______

Borrower Name: ______

Co-Borrower Name: ______

Required Documents

W2 Employed
□ Hardship letter
□ Financial Worksheet – signed & dated
□ Full Bank Statements, Checking and/or Savings (last two months - all pages – please document source of all deposits)
□ Proof of Income: Two consecutive pay stubs and if possible W2 from prior year if in early months of current year (January to April)( four consecutive pay stubs if paid weekly)
□ Copy of full tax returns from previous 2 years; include signed 4506-T form
□ Receipt of previous year’s PAID Property Taxes
□ Copy of Home Owner's Insurance Declaration Page
□ Proof of Assets (only if you have investments, 401K, etc)
□ Rental agreement (only if you have income from a rental property)
□ Proof of Flood Insurance (if applicable) / Self-Employed
□ Hardship letter
□ Financial Worksheet – signed & dated
□ Full Bank Statements, Checking and/or Savings from Personal AND Business Accounts (last six months)
□ Receipt of previous year’s PAID Property Taxes
□ Copy of full tax returns from previous 2 years, business and personal; include signed 4506-T form
□ Copy of Home Owner's Insurance Declaration Page
□ Proof of Assets (only if you have investments, 401K, etc)
□ Profit and Loss statement – signed and dated
□ Rental agreement (only if you have income from a rental property)
□ Proof of Flood Insurance (if applicable)

Short Sale Checklist

The checklist below provides a detailed list of required documents to begin the short sale process review. Please note that ALL required documents must be submitted in order for a complete file review to occur. Please return this checklist along with all requested information.

Account Number: ______

Borrower Name: ______

Co-Borrower Name: ______

Required Documents

Signed Offer to Purchase

Listing Agreement

Estimated Settlement Statement / HUD

Title (if available)

Buyers Appraisal

First Mortgage Payoff Statement

Proof of Funds

· Please note, the customer may be responsible for the deficiency balance after a short sale.

· The maximum sales commission allowed for a short sale transaction is 5%.