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Sending a Loan Modification Hardship Letter

A hardship letter is a letter that explains to the lender why you are seeking a work out plan on your loan.  This letter should include the primary reasons why you have fallen behind on your mortgage. 


The letter should also express your intense desire to stay in the home and to pay the bank what you owe.

 

After reviewing your financial situation, your expenses, you income and other life circumstances outlined in your hardship letter, your servicer will often recommend one of a number of options.


Next >> Loan Modifications and other Foreclosure Prevention Options


 
 
 























All Information Copyright NLMAA 2008.  The NLMAA is an LLC based professional association serving those in the loan modification industry.  We provide information and resources to loan modification and foreclosure prevention specialists.  The National Loan Modification Association and the NLMAA are programs of Greystack Management, LLC.  Although we are trying to develop a solid professional community, we are not a "non-for-profit" organization. 
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