Tip:
Highlight text to annotate it
X
During a post-purchase counseling session,
a client's financial situation is reviewed.
We established a budget based on the new mortgage payment, as well as other
market related expenses
We can also review the loan documents with the client, explain any
of the features
involved, clarify things for them,
and um...
also uh...
give them an action plan
and educate them on how to avoid foreclosure.
A client should also gather certain documentation, including proof of income,
their monthly mortgage statement, as well as they can bring a copy of the loan
documents if those are available for review.