one of the key components of the loan modification package is the hardship letter that explains why you’re making the request. Learning the proper format and ingredients of a hardship letter is ...

A hardship letter can help you qualify for loan reinstatement, forbearance, repayment plan, modification, a short sale, or a deed in lieu of foreclosure. Mortgage relief for financial hardships is ...

My lender requested a hardship letter, but I don’t know what to include in it. Can you help? – Anonymous A: Whether you are trying to complete a short sale or apply for a loan modification or ...

You'll need to prove significant financial hardship to qualify for a loan modification, usually through documentation such as a termination letter from an employer or copies of medical bills.

Close the hardship letter with an apology and an expression of your desire to reach a mutually beneficial resolution. Say you are willing to discuss alternate repayment terms. Include your phone ...

Acceptable reasons for a hardship to include in a letter. Reduction in income or loss of job. Marital difficulties or divorce. Illness of yourself or family member. Birth of a child. Increased ...

When you apply for a mortgage modification ... If the loan is in two people’s names, each borrower should sign and date the letter. A succinct, well-reasoned hardship letter improves your ...

It also provides an outline for what you will cover in the body of the letter. I am writing to request financial hardship assistance with my (mortgage/credit card/student loan/auto loan/personal ...

More than 1 million Americans have applied for a home loan modification through the federal Making Home Affordable program, meaning they also have been asked to write a "hardship letter" — a ...