Does Writing A Hardship Letter to Stop Foreclosure Really Work?
Can a hardship letter to stop foreclosure really work? One of the various ways that you can get the foreclosure process to stop or slow down on its journey to take your home from you and your family is to communicate your needs and problems to your lender. Now, the financing on a home loan is different with credit cards. The risks to the lender are higher and for that reason, they often do not provide hardship programs to help struggling homeowners to stay in their home loans. That is not to say that a hardship letter to stop foreclosure will not work for you, because it may do just that. Finding The Right Letter To Send To Your Lender Getting a hardship letter to stop foreclosure is one option, but not the only way to get help. The problem is that you need to contact your lender and find out what options are out there for you. Do not believe that you can send out a hardship letter to stop foreclosure and that this will stop the process or in any way reduce your risk. Unfortunately, ev