Upside Down Mortgage

Mortgage Modification Package

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

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.

Answer: Thats the glitch with getting paid off the books (and not paying taxes)..you can't claim that income when applying for a loan. Yes, you can get in trouble if the government finds out you're not claiming all your income. So I wouldn't suggest trying to use it to get a loan. You have no way of showing that income anyway since its not reported on his pay stubs or tax returns.

Demonstration of our Loan Modification Package Engine Software

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