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Answers (10)
- Chris Corica, "Chris Corica"
- Contributions:1075
The truth shouldn't need coaching.
"A company I am involved with is working on a hardship letter generator."
All I can say is ... WOW!
Other projects in Beta testing are:
SSI Disability fibromyalgia generator
Workmans comp neck injury generator
Handicapped parking sticker generator
Stay tuned!
All I can say is ... WOW!
Other projects in Beta testing are:
SSI Disability fibromyalgia generator
Workmans comp neck injury generator
Handicapped parking sticker generator
Stay tuned!
- Christopher Wilson, "The Mod Squad"
- Contributions:177
Check my profile to our book website..there is a template/outline and other useful free forms that will assist you towards a modification prepared by our attorneys. I would put the link here, but it would surely be considered spam.Best of luck
- Aaron Opfell, "SunriseVistaMortgage"
- Contributions:249
A company I am involved with is working on a hardship letter generator. It's online and really simple just enter maybe 5 fields of info and check a few boxes. They plan to release it free AFAIK and I will link to it here when they do.
- Modification Secrets
- Contributions:58
Your hardship letter should explain how you got into the situation that you are in now. Although it should be truthful, there are ways of making it stronger and more acceptable. Here is an example-'Dear Mr. Lender, I had taken out a loan to buy landscaping, appliances, carpeting, etc. and now I can't afford all my payments. A better way to say this is "Dear Mr. Lender, I took out a loan to perform necessary and needed home improvements and I am now finding myself struggling with the payments.
You are saying the same thing, but in the first example, you are creating a picture that you are just spending money out of control. Although both examples are truthful, the second is more compelling and appealing to the lender.
For more Information about Loan Modifications, Just Click On My Profile.
You are saying the same thing, but in the first example, you are creating a picture that you are just spending money out of control. Although both examples are truthful, the second is more compelling and appealing to the lender.
For more Information about Loan Modifications, Just Click On My Profile.
- Rudi Hofmann, "LUXURY HOME LOANS CA"
- Contributions:7435
The truth!
- wetdawgs
- Contributions:26785
Put "hardship letter for loan modification" in google and you'll come up with several examples.
Examples of hardships:
Examples of hardships:
- Illness
- Loss of Job
- Reduced Income
- Failed Business
- Job Relocation
- Death of Spouse or C0-Borrower
- Death
- Incarceration
- Divorce
- Marital Separation
- Military Duty
- Reduced Income
- Medical Bills
- Damage to Property (natural disaster or unnatural)
- Other (Please Specify)
- savalencia
- Contributions:100
To the OP,
http://www.loansafe.org/forum/stop-foreclosure-tell-us-your-story/102-hardship-letter.html
There is an example here. In my hardship letter I just spilled my guts out about our hardship and financial circumstances and I stated that I want to stay in my home, I am a responsible homeowner and would appreciate any help that could be provided. My hardship letter was like 2 pages long... I don't know if they read it or just looked at it... You mostly just want to state your hardship, state that you want to stay in your home, and be respectful and gracious.
http://www.loansafe.org/forum/stop-foreclosure-tell-us-your-story/102-hardship-letter.html
There is an example here. In my hardship letter I just spilled my guts out about our hardship and financial circumstances and I stated that I want to stay in my home, I am a responsible homeowner and would appreciate any help that could be provided. My hardship letter was like 2 pages long... I don't know if they read it or just looked at it... You mostly just want to state your hardship, state that you want to stay in your home, and be respectful and gracious.
- NTETS, "Mr Caveat"
- Contributions:6436
why cant you imagine it? people seem to think that a loan modification is something which is owed to them, in actuality a bank actually paid 200, 000 or 500,000 to the last person who owned that home... the money isnt fake and it isnt just being shifted around their spreadsheets, they vouched for you so that you could buy a house... something that maybe you could have never done without their help. keep that in mind when you imagine what is and is not their duty to you. reguardless of what your asset has performed like, reguardless of market conditions, reguardless of and to the general exception and exclusion of everything else, the responsabilities of both parties are clear. the bank held up their side of the deal.
- Rachel Gorelick, "RGorelick"
- Contributions:40
Hello,
I am currently working with a client whom has a Wachovia Mortgage
they informed me they do not have a loan modification department at this current time...Does this sound correct? I can't imagine them not having this type of service available...Thanks for your input in reference to this matter
I am currently working with a client whom has a Wachovia Mortgage
they informed me they do not have a loan modification department at this current time...Does this sound correct? I can't imagine them not having this type of service available...Thanks for your input in reference to this matter
Advice on what the contents of Hardship letter should have for Loan Modification
getting Packet ready for Bank
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