Download our Free BrochureHow to avoid Foreclosure
Do you want to save your home?
We specialize in out-of-court resolutions of Mortgage Foreclosures by negotiating with your lender. Let our expertise help you save your home. We can give you the Foreclosure help you need.
-
Stop Foreclosure News
Please call our Toll Free number
1-866-544-0990 or fill out our FREE QUESTIONNAIRE and we will respond to you promptly
|
|
|
|
|
 |
 |
|
|
|
What is a Hardship Letter
August 25, 2006
A Hardship letter is something most Mortgage Companies will require to consider you for a “Work Out”. This is your opportunity to appeal to them to give you anther chance. This should not be used to complain to what they have done or not done to make your situation worse. This letter must be honest and represent the facts clearly. It must prove to them that the situation that caused you to fall behind was temporary and you are now in a position to make your payments on time. You must also have a legitimate excuse for falling behind… financial problems in itself would not be an adequate excuse. Loss of a job, death in the family or an illness would be an acceptable reason to fall behind on your Mortgage temporarily. We have many examples of letters that the Mortgage Company is looking for. Remember... the hardship letter is only one piece of the workout. You still need to prove many other things to the Mortgage Company before they will approve you for a Loan Modificationor a Repayment Plan . Please contact us for a free consultation of your case.
Please contact us or leave a comment if you would like some more information on this topic.
Comments
Looking for an example of a disability hardship letter to forward over to the lender
We have two examples of hardship letters. Either one should work if you had a disability.
http://www.afscanhelp.com/hardship-1.cfm
http://www.afscanhelp.com/hardship-2.cfm
http://www.afscanhelp.com/hardship-1.cfm
http://www.afscanhelp.com/hardship-2.cfm
My wife just recently died and I need a hardship letter to enclose with many of my bills along with her death certificate. Please help
I am looking for a hardship letter due to wife's death to send along with her death certificate.
I am sorry Gary, we don't have a hardship letter for your specific case. I think you can adapt one of our examples to work in your situation.
I hope you get your home loan issues resolved; please let us know if there is anything we can do.
I hope you get your home loan issues resolved; please let us know if there is anything we can do.
My husband had a judgment filed against him that prohibits him from operating his construction business or face jail time.
Any info. appreciated.
Thanks.
Any info. appreciated.
Thanks.
That definitely would qualify for a legitimate hardship. Unfortunately we can't do anything about the judgment. For you to get a workout approved with the lender you will have to show that you have enough income to afford the house. If you can't then the chances of getting a workout approved are very slim no matter what the hardship is.
Please let me know if you have any other questions. I will try me best to help you in your situation.
Please let me know if you have any other questions. I will try me best to help you in your situation.
how do you write a letter of hardship for a short sale?
I need a hardship letter to send out to crediter. Help
I was looking for a hardship to send to wells fargo. My husband lost his job for a year and we want a loan modification. If anybody can please help.
I am looking for a hardship letter to send to my mortgage company. I lost my job and got behind.
We have a couple of examples on our website for you to use. Did you see them?
I need help with getting a short sale. My mother recently tried to commit sucide. My husband and myself are taking care of my mother, my two minor sisters and my infant nephew. We are every overwhelmed with everything and need help.
Please contact us to talk about your case specifically, we can definitely negotiate a Short Sale for you.
please help
Our Arm loan adjusted and we can no longer afford our payment. Can you help us with a hardship letter?
need help on writing a letter to the trustees to get money from an annuity...
my husband left i file for divorce got behind on my houses payment need a hardship letter for well fargo.
My husband has been out of work for 3months, it has been impossible to pay 2mortgages and bills by myself, i can not longer afford the home,can you help us with a hardship letter for a short-sale.
Urgent...I am self employed and work slowed down for a while, i had two employees i had to get rid of i was loosing jobs because of there actions on the job. They didn't want to work. Work is picking back up now. Fell behing in the bills and mortgage.y credit has gone done and i cant get a loan to refi and eliminate my extra bills. been turned down by many companies. need a hardship letter and profit and loss statement. but with out pulling the equity out to pay off bills i don't know what to do. please contact me asap. dan poush
I am looking for a sample hardship letter for people that are in need of a loan modification. We have fallen behind in our payments due severe shifts in the real estate market. But, we both have great paying jobs. We just need time to catch up.
Our Arm loan is about to adjust we will not be able to afford the new payment. Can you help us with a hardship letter?
My son's lender is asking for a hardship letter. He is negitive $1500.00 a month, and is asking for a Deed in Lieu of Foreclosure. Do you have a sample letter of this type?
my mortgage rate went up to 11% and my husband and I can't catch up with the new payment. I get paid once a month and although he get paid twice we still can't catch up! Need help fast before a foreclosure!!!
Please tell me what kind of hardship letter I can submit that will help me prevent forclosure. I am a student and my husband was laid off but now he has returned to work. We have several investiment properties and they are tenant occupied but we are behind in the mortgage.
My mortgage has gone up to $3,000 a month and I have lost my job and am working as a taxi driver try to make it but are unable. They asked me for a hardship letter but I don't know how to write one can you help please I don't want to lose my house. Thank You
Please see comments posted above. We have a couple examples of hardship letters on our website that are free for your use.
could you please send me sample of an hardship letter
My husband and I bought a home were we were stationed. My husband is in the Military. We purchased it in 2005 and it took one year to build, so the mortgage began in 2006. In 2007, my husband was re-stationed to NJ. We tried to sell the house but could not. We rented it to another military family, until we could figure out what to do. In the meanwhile, we had to purchase a one level home in NJ, due to the fact that my father had a debilitating stroke. We are helping to take care of my parents and are now faced with having the 1st home without renters when the lease is up in July. Is there any way we can be granted a deed in lieu of foreclosure? We don't want our credit to be ruined or our current house to be affected. Once the renter's leave, we will not be able to pay the mortgage.
arm is adjusting and our lender asked for a hardship letter with full bill disclosures. Do you have a form letter?
Im out of work right now I have no money to speak of. im in foreclosure
with sale of my house I need help
with sale of my house I need help
My arm just kicked in and my payment jumped $450 per month. I need to write a letter to the mortgage company explaining why I can not pay the new amount and would like the old amount reinstated. What type of letter do I write, and do you have examples?
Do you have any sample hardship letters with information pertaining to high adjustable interest rates? My rates is adjusting AGAIN in August and I need to write my mortgage company to try to change this before then. Please help if you can. Thank you.
I initially took out a mortgage loan at 7%, withing two yrs. it has gone up to 10%...which is now making it difficult to stay on top of - although I have only been late with one pym't - I am looking to modify the pymt's - hopefully back to the original pym't. After speaking to the mortgage co. - they requested several documents including a hardship letter which I am unsure as to what to include in same. Any help or suggestions would be appreciated. Thank you.
Need a hardship for my lenders. Have a 1st & 2nd Mtg . We are current thru April. $394, is what we owe. Can't afford the mtg. mts. We have contacted our Lender,they requested that we fax them a Hardship Letter. We suggested a short sale. They said maybe they can modify instead. Our total mtg pmt. is $2968.20 + 115.42 assoc. fee. R total monthly income is $3345.24. Can you help
I am looking for a hardship letter. Regarding my finacee tried going into self employment and that didn't workout and he is having problems finding a job. I been paying the bills by myself why he is going through his depression. my mortgage is 2600.00 I only bring home 2300.00
Pl give me sample hardship letter to get finicail assistance in getting tution fee wavied for sat prep classes
Do you have any examples of letters to the tax office in relation to financial hardship due to General Interest charges.
i do not know how to write hardship letter. i am self employee. i run a home day care
i can't afford to pay my mortgage. help me to write a hardship letter to modify my loan.
i can't afford to pay my mortgage. help me to write a hardship letter to modify my loan.
I need a hradship letter for a divorce situation.
Please send me a sample letter for loan modification or hardship letter. My mortgage interest will be changing next month and due to my salary decrease I am scared I can no longer afford to pay if my mortgage increase. Please help. Thank you.
My husband and I need your help with a hardship letter, we are currently three time homeowners with one home being rented the other being vacant since Nov. of 2007. Our primary home one month behind. We have drained our bank accounts trying to hold on to the properties, along with assisting with the death of a family member. Along with other financial obligations. The renter's market has been very difficult. We both are currently employeed. We are trying dispertly to hold on. Can you help please.
I am looking for a sample hardship letter for me that is in need of a loan modification. I have fallen behind in our payments due illness, lost of job, high mortgage interest rate and mortgage payment. But, I have good decent paying jobs. I just need help bring down the interest rate and payment and time to catch up and reduce .
I would have a two year fixed rate and this is the month that my fixed will become an adjustable what type of letter do I write to ask for a stay with my fixed because I know that the adjusted will send me into a world of mess please help
we have an arm which has already adjusted once and is about to again. We need help with writing a hardship letter to our lender. Do you have any good examples. We both work for the post office 10+ years. Cost of living going up and no overtime offered and days being cut short with less and less work is making it very difficult. We did well for about 2 in a half years. thanks
Hi,
My husband was out of a job for a period of time and it was really hard for me to keep up with my credit card payments. My credit now is not that great but I am working with creditors to make payments. Do you have a hardship letter that I can send to the creditors and the credit bureaus to improve my credit.
My husband was out of a job for a period of time and it was really hard for me to keep up with my credit card payments. My credit now is not that great but I am working with creditors to make payments. Do you have a hardship letter that I can send to the creditors and the credit bureaus to improve my credit.
Do you need to be behind on the mortgage payments to have a loan modified? I have a thirty year fixed loan, however, since we got this loan my wife and I had another baby and she had to change jobs (not making the same amount of money... and having another child doesn't help either). We are current on our payments. But at this rate we will soon fall behind. Our loan is with Chase. Any advise?
I have a house that I used to live in but due to tough ecomonic times I decided to go back to school. The house is now rented and I have a scholarship that pays all my school expenses. I would like the lender to accept the rent or lock in my rate on option arm. The current rent covers the negative am payment. What are my options?