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Hardship Letters - A Key to a Successful Loan
ModificationThe following are the lenders
qualifications to modify your loan. Most borrowers will meet these
requirements. Keep them in your mind, when speaking to the lender.
o Commitment to the Lender
o Commitment to the house
o Ability to pay (the most important requirement)
A great hardship letter must be
included in your loan modification package to the lender, before the
lender will even consider stopping your foreclosure.
The hardship letter must include the
loan number, primary cause of default and a detailed summary of what
caused the hardship that allowed you to become defaulted in your
mortgage, and your current ability to pay the mortgage.
An example of all of the elements
needed in a compelling Hardship letter includes:Read rest of article here | | | | | | |  | |  |
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