This content was created by LaTonya Johnson. This content was uploaded by LaTonya Johnson. This is a YouTube video titled "Personal Financial Statement| Personal Financial Statement Excel" created on July 15, 2019. It provides guidance on preparing a financial statement to help lenders understand an individual's financial situation, emphasizing the importance of using an Excel spreadsheet for efficiency and urgency in foreclosure situations.
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The financial statement is a tool that is going to help the lenders understand what your assets and liabilities are, what loans you have, what credit card accounts you have, how much you have in your retirement account. They're going to use all of this information in order to figure out what plan they can offer you to keep your home. So it's very important that you start getting this information together. They are going to send you a paper document along with a package of other documents. This particular document that I've created is an Excel spreadsheet. So it sums all of your totals for you in one place. The document that they send you takes about four to six weeks sometimes for you to get. And I really want you to have an opportunity to get started as soon as possible. Because in several states, the foreclosure timeline is only 41 days. That's just a little over a month. So you don't have time to wait to receive any documents. I have a client who lost his home because the paper documents were thrown in a puddle. Don't let that be you. Go on and start filling this out now. Use this automated version. It's just a really low price because I really want you to have it. Okay. God bless.