How to write a hardship letter for loan modification
Download a free mortgage hardship letter template for word and view a sample hardship letter for loan modification. · how to write a hardship letter for mortgage loan modification a hardship letter is a key factor in getting approved for a loan modification program if you can write. How can the answer be improved. Skip two lines and date the letter skip two more lines and write the name of the person on the regarding line, or the re: line, include your loan number writing the body of.
A loan modification hardship letter is a formal way to request a modification to a loan this letter is the place where the borrower can express his or her financial. · example hardship letter one of the items your lender or servicer will ask for during the loan workout or loan modification process is a hardship letter.
In fact, the “hardship letter” or “hardship affidavit”, written by the homeowner, is required in the loan modification process, even if you have a foreclosure defense attorney representing you.
A good letter is succinct and lets the servicer cut to the chase: to whom it may concern: i am writing this letter to request a mortgage modification that will allow me.
We are writing this letter to explain the extreme financial hardship it will be for our family when our loan adjusts from a 775% interest rate to a 1075% interest rate in august 2008 this interest rate adjustment will cause our payment to dramatically increase in the amount of $1695 per month on top of our current payment of $423410 increasing the.