The Use of a Hardship Letter to Stop Foreclosure – Does it Work?
There are many important letters that you should submit to your lender. Among these, the most important is a hardship Letter to stop foreclosure. This is important for many reasons, if you want to be able to communicate or change things with your lender. These reasons are a loan workout, short sale, deed-in-lieu of foreclosure, forbearance agreement, or any other foreclosure solutions. The hardship Letter to stop foreclosure will present your desperate situation and make it clear to the lender that you are in need of help. It is therefore important that your letter screams, -I need Help- Before writing, it is important that you consider the type of solution that you would like to ask from your lender. Sometimes your lender will allow you to keep the house and sometime they will not; it will just depend on the way you choose to avoid foreclosure. A personal and demonstrative way of showing your situation is with an economic hardship Letter to stop foreclosure. You should be able to legi
