Upside Down Mortgage

Loan Modification Book

Question: how can i get a loan modification if my spouse gets paid off the book?

ok please help me...i want to apply for a loan modification on my house cause i cant afford this months mortgage. the problem is i dont want to go outside and pay $3000 to get it done when the bank send me the package to fill out and send back to them...the problem is im currently working and paying my taxes through my job BUT my spouse is getting pay off the books...how do we go about letting the bank know this?? or can we get in trouble??? they r asking for both our paystubs.
but he pays self tax at the end of the year...

Answer: As long as he is reporting his income and paying the tax on it, they'll want a copy of your/his tax return. Working at a job that doesn't take out taxes is legal as long as you report the income. Don't call it "getting paid off the books" though since that implies evading tax on it. Tell the bank he'd paid as self-employed.

Loan Modification Book

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