Old 08-04-2009, 09:41 PM   #1 (permalink)
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Question Using Unemployment as Income

We just received our 3 month trial period paperwork for a possible loan modification. My concern is that we are using my husband's unemployment insurance checks as part of our monthly income --- however, in the paperwork it says that the unemployment must continue for 9 months for it to be counted as income. It also says that they need a copy of the benefits statement to verify amount, duration, etc. We only have 3 more months left on this claim. I don't know if we are on the 1st extension or 2nd extension. I know there is a 3rd extension that is worth 5 months -- but if we fall short by a month does that automatically disqualify us??? --- and 9 months from when -- when we started this process (in APRIL) or when the 3 month trial period is over? We need his income to make this work. Did anyone have this issue?


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Old 08-04-2009, 10:12 PM   #2 (permalink)
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Re: Using Unemployment as Income

I just read that the 3rd extension of unemployment will not extend past December --- which then means that you cannot use unemployment as income unless you are beginning your first claim?
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