Things You'll Need:
- Paper
- Pen
- Computer
- Printer
- Lending address
- Contact information
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Step 1
The first step to composing a sample hardship letter is to understand your goal which is to avoid foreclosure on your home.
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Step 2
Second, realize your hardship explanation must be clear and concise in your sample letter because it is being received along with thousands of similar hardship cases to avoid foreclosue.
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Step 3
A mortgage company will take into consideration several hardship situations like loss of job, failed business, health related, student loan, and even military so research your situation as to how to best explain it in your sample letter.
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Step 4
When explaining your current situation in your sample hardship letter to a mortgage company be accurate with dates it started, and probable length of continuation.
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Step 5
Use your sample hardship letter to avoid foreclosure by explaining to the point how this is affecting your payment situation and note your intentions to continue payment until payed in full.
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Step 6
Your sample modification hardship letter should ask specifically what you want in terms of a modification, adjustment, or a sample short sale hardship letter for your house and why. Give reasonable options and give the reason is to avoid a foreclosure on your family's house.
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Step 7
Tell the mortgage company in your sample hardship letter you look forward to resolving this situation and continuing payment as soon as possible.
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Step 8
Include respectfully in your sample hardship letter salutation as well as a borrowers (and if possible a co-borrower) signature.
Comments
mattsaboy said
on 10/6/2009 Great article and info. 5 stars and a recommendation.
djackman said
on 10/5/2009 nice info on hardship letters,lets hope we don't have to get to that 5*
somuchtodo said
on 7/14/2009 A sincere good luck to anyone who must go down the path of writing a hardship letter.
debdavis said
on 6/13/2009 Thank you for this ...
tinksmagic said
on 6/12/2009 Good luck to anyone who has to do this, some mortgage companies need to be avoided like the plague, they outsource and are unwilling to work with anyone.