How Do You Write An Loan Modification Hardship Letter?
For homeowners who cannot meet their mortgage commitments or those who are heading towards a foreclosure home loan modification can be a life saver. If all avenues of refinancing have failed you, mortgage modification may be your only and best option. In order to avail the advantages of home loan modification you will need to start by submitting a hardship letter to your loan provider. This letter should include clearly outline your financial situation and the reason for mortgage modification. The letter should clearly explain the factors that led to your current financial condition and the steps that you intend to take to get out of it and stay out of it. Given the current economic crisis, loan providers receive thousands of hardship letters for mortgage modification every month so you need to ensure that your letter stands out in some way. In order to do so make sure that your letter and concise and pertinent; a good hardship letter for home loan modification should not be longer tha
