Hardship Letter Template

January 30, 2012

If you are confident about your ability to write well and to explain your hardship in a coherent fashion, perhaps all you need is a hardship letter template. We have been writing these letters for over 3 years and in that time, we have experimented with many formats.  About a 18 months into this project, [...]

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Hardship Letter Tip – Be Clear About What You Want

January 30, 2012

One of the big mistakes people make when they write their hardship letter is that they are not clear about what they want.  They know that things aren’t working, but they want their lender to tell them what to do. Imagine this:  You go into a crowded store and you wait and wait and wait [...]

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Hardship Letter Writing – Let Us Help

January 30, 2012

I’ve been writing hardship letters for customers for over 3 years now, and one thing that hasn’t changed is this: Each week I get contacted by at least one person who is educated, and is basically a fine writer, but when they get to having to write their own letter, they feel very confused. Who [...]

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Don’t Give Up On Your Loan Modification

January 30, 2012

I had a strange experience recently.  A person contacted me to talk about her situation because she had been declined by Bank of America for a loan modification. Her numbers were a little tight, yes.  So, I referred her to the one source that I know can help people who have more extreme situations….  and [...]

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Hardship Letter for a Short Sale – Address Your Relocation

January 30, 2012

Often, my customers ask me to write a hardship letter for a short sale for them because they have relocated to another city and no longer live in the home in question. It’s amazing how many people don’t clearly explain why they moved, even though there are usually very good reasons.  You can’t assume that, [...]

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Should You Address a Fraudulent Loan in Your Hardship Letter?

January 29, 2012

We often write mortgage hardship letters for people who feel that their mortgage company: should have never approved them for a loan in the first place gave them a fraudulent loan was misleading or dishonest in some way Many of these folks have already hired attorneys to pursue justice, often to no avail, and this [...]

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How Much Will My Loan Modification Reduce My Payments?

January 22, 2012

One of the questions we have when writing your loan modification hardship letter is: What payment do you feel that you can afford? The reason we ask this is that we want to give the lender the sense that you have thought through your problems, and that you have a proposed solution. Many people ask [...]

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Don’t Forget NACA As A Foreclosure Prevention Option

January 15, 2012

NACA used to make more headlines than they do today, but they are definitely still at it, and the organization is a great resource for foreclosure prevention. This weekend, many homeowners are seeking NACA help in Atlanta. You will still need a hardship letter, and we’ve written many for those working with NACA.  NACA hardship [...]

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Will It Help to Involve Your Senators in Your Loan Modification Request?

January 15, 2012

This week we wrote a loan modification hardship letter for a client, but also wrote letters to his state Senators and a US representative appealing for assistance in talking to his lender. We explained his situation and appealed for their support, mainly because he is an employer, and if he loses his home and business, [...]

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The Loan Modification Wait: Don’t Drain All Your Savings

January 15, 2012

We wrote a hardship letter for a loan modification client this week and his story reminded me of so many stories I’ve heard over the last couple of years. He applied for a loan modification, and while his mortgage company was taking their time in getting to his paperwork, he continued to make payments.  Of [...]

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