does anyone know what the loss mitigation dept.
looks for on a profit and loss statement.? hi,
i was wondering if anyone had any advice on this. i need to send a p &l statement to our mortgage company to process our loan modification. my husbands has his own business and the mortgage compoany is showing his monthly income as 6,700.00 a month from our original we did in 04 as stated income. his w-2 with his business of course does not reflect that. they told me i could send 2 paystubs with his income but will not reflect his stated amount of 6,700.00. they also said i could send a p & l statement. our accountant is extremely swamped with tax season and can not help us with this so i am on my own. i have several p & l statements that she has done in the past for us. the mortgage sompany said all they want to see on the p & l is the 6,700.00 a month income they have on file and i don't know what category that would be put under. if nyone has any advice or is self employed and has been thru something similar i would greatly appreciate your advice on this. thanks
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