Tuesday, February 28, 2012

Writing a Loan Modification Hardship Letter

A financial hardship letter explains to your creditor why you are in financial trouble and requests a specific remedy to help you through the crisis. There are different reasons for writing a hardship letter, but the most common these days are: * Requesting a loan modification or restructuring * Requesting a short sale to avoid foreclosure The hardship letter is a primary requirement in the loan application process. Your loan modification attorney will ask you to

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