How Do You Write A Loan Workout Hardship Letter?
Loan Workout Hardship Letters often make or break the result of you obtaining a loan workout. Banks focus on the hardship letter to see how you’re really affected personally with your financial situation. Learn how to write the best hardship letter possible to get the bank to approve your mortgage loan workout. First brainstorm about your hardship. Sit down, and write down every idea that pops in your head about why you can’t afford your house. Why are you having financial difficulties. Loss of job, medical bills, increased property taxes, child’s college education tuition, divorce, credit card debt, etc. Write every possible thought that has any affect on your financial situation or your wanting to get a loan workout. It doesn’t matter what you write down. Don’t think too much, just write whatever pops in your head. Sit and write until you have at least 5 ideas. If you don’t have 5, you’re thinking too much. Just write whatever pops in your head. Now look at your loan workout hardship
