| Asc Success!!
hi everyone,
i am new to the forum. i am currently in the process of a loan mod with americas servicing comp. my husband has his own business. he receives a w-2 which hardley shows any income. because of this we did a stated loan. today ASC asked me to submit a profit and loss statement for the business so they can see my husband is receiving an income. that thru me for a loop becuase i never had to do this. going thru our paperwork i don't see a profit and loss statement. i have a statement of operations which i was told is the same. ASC also told me i could make one for the month of january. i was wondering if you could please advise me on what the percentage between profit and loss should be in order to qualify. i want to be sure that it is not to high or to low. ASC has been very good about wanting to help their customers. has anyone had any experience with them. i appreciate all your help.
jennifer |