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Hardship Letter Requesting Assistance Pictures to Pin on

Hardship Letter Requesting Assistance Pictures to Pin on

Slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. If you continue browsing the site, you agree to the use of cookies on this website. See our User Agreement and Privacy Policy. Slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. If you continue browsing the site, you agree to the use of cookies on this website. See our Privacy Policy and User Agreement for details. Published on Oct 7, 2009 Get every technique known to man on how to stop foreclosure and save your home or at least your credit. Also get template hardship letters, financial forms, and legal guides for all 50 states. Direct numbers to bank loss mitigation departments is also inside. I stopped my foreclosure and so can you! Be the first to comment LinkedIn Corporation © 2017Clipping is a handy way to collect and organize the most important slides from a presentation. You can keep your great finds in clipboards organized around topics.Looks like you’ve clipped this slide to already.



function googleTranslateElementInit(){new google.translate.TranslateElement({pageLanguage:'en'},'google_translate_element');} A hardship letter is a personal, hand written (very important to be a hand written) letter on your current situation, that will be requested by the Bank/Lender/Mortgage holder as a part of the package to modify your loan or short sell your home. A hardship letter has to present a full description and facts of your inability to pay your current mortgage payment. It has to list all the reasons, that might be: Loss of job Illness Medical bills Divorce Reduced income or work hours Additional debt Death Recent mortgage recasting (adsbygoogle=window.adsbygoogle||[]).push({}); Provide a good explanation of why you cannot afford to pay your current mortgage. The best way to back up facts in your hardship letter is by attaching bills, receipts, expenses, court documents concerning your present situation. The more proof you can show - the better your chances of renegotiating your loan/ of getting loan modification or having your short sale approved. Why do you need to write a hardship letter? Why do you need to write a hardship letter? If you want to modify your loan or short sell your home, you will need to have your hardship letter ready as a part of the package requested by your lender. Your lender wants to know why they should attempt to modify your loan. What was the reason that you stopped paying? Is it legitimate, and will you be able to keep up with your payments once they modify your loan? Here is an example of what the hardship letters look like: Example 1 - Hardship letter to Wells Fargo Home Loans. (adsbygoogle=window.adsbygoogle||[]).push({}); Example 2 - Hardship letter to Countrywide Home Loans. Example 3 - Hardship letter to City Mortgage. google_ad_client="pub-7254611486072058";google_ad_slot="7597650887";google_ad_width=234;google_ad_height=60;





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