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Mortgage Assistance Hardship Letter. Watch these videos to learn more about the steps you can take to get help with a financial hardship impacting your ability to pay your mortgage payment. Why you need to go for the short sale
New Hardship Letter for Financial assistance Lettering from www.pinterest.com
This letter is a key document in the effort to avoid foreclosure and outlines the issues that are affecting your ability to pay your mortgage. Job loss, serious illness, increased expenses or reduced income can lead to a hardship that prevents your from paying the mortgage. You can do that by creating a hardship letter, which outlines the type of mortgage assistance or debt relief you’d like to have.
In this type of letter, you have to provide statements and proof that you are qualified to be in a financial hardship.
Roberts, lois maljak, joseph kraynak when applying for a home loan modification, a key component of the application is the hardship letter, the homeowners’ description of the financial setbacks they’ve experienced that resulted in their inability to pay their monthly mortgage. A short sale allows a homeowner to sell their property at a value less than the total debt remaining on the mortgage. The purpose of the letter is to describe why the borrower may not be able to make their mortgage, car loan, or other debt payments. Need help with a troubled mortgage or foreclosure?
