How Do You Write A Mortgage Hardship Letter For 2010?
The 2009 hardship letter is a bit different. The banks, government and the consumer are at a place we have never been before. This is not the first time the banks have created a loan that turned around and bit them in the butt. It is not the first time government has bailed out the banks to correct their miscalculation. The consumer has always found themselves in the middle of someone’s profit. What is different is the financial environment of the world today. Peter lacks the funds to help us pay Paul. So our approach to the bank may have a different tone and underlying plan. Sit down and assess where you are today. Make a status profile. • Where are you in your mortgage, how many months behind and how much to catch up include second mortgages and lines of credit. • How much money is coming in? • Where are you with your other bills credit cards bank cards? • List your bills in a must pay, should pay and may not pay. • Household cost list must haves, should have, like to have and what y
