Loss Mitigation Program

If you are having difficulty making your mortgage payment Crown Mortgage Company can review your mortgage for a Loss Mitigation solution which could lower your payment to a more affordable level or reduce payments for a period of time during a hardship, such as unemployment, to allow you time to get back on your feet.

Crown Mortgage Company also has programs designed to help you if you no longer wish to keep the property due to a long term hardship or other mitigating circumstance.

In order to be considered for any assistance, please, review the documentation requirements below. Incomplete packages could cause delays in review and possibly the denial of a workout application.
  Print and complete Fannie Mae Form 710
  Last two (2) paycheck stubs for all working adults in the household. If unemployed, copy of Illinois Unemployment Award letter. If self-employed, profit and loss for preceding twelve (12) months.
  Print and complete executed IRS 4506-T form 
  Hardship Letter explaining your circumstances for requesting Loss Mitigation.
  Copy of Driver's License for all mortgagors (front and back).

If your loan is FHA, please also tender the following documents

  Last three (3) months of bank statements for all accounts.
  Copies of utility bills (water, sewer, electric, gas).
  Copies of all personal bills (cell phone, internet, cable, etc).
  Previous two (2) years 1040 returns.
  Last two (2) years W-2's.

If your loan is FHA and you wish to sell the property, please also make sure to fill out the HUD 90036 - Application to Participate HUD 90036.

Documents may be sent:

Crown Mortgage Company
Attention: Loss Mitigation Department
6141 W 95th St
Oak Lawn, IL 60453

Fax: (708)424-2110

Email: Servicing@CrownMortgageCompany.com
Office Hours:
8:30 am to 5:00 pm CDT Monday through Friday
If you have any questions, please, call the Loss Mitigation Department (708)424-8002.