How to Write a Financial Hardship Letter? A financial hardship is a letter that is written to a creditor by explaining the financial trouble that you are facing and requesting to provide you with some kind of specific solution depending on the specific situation that...
Effective Hardship Letter To Stop Foreclosure When applying for a loan modification, short sale or deed in lieu of foreclosure which are collectively referred to as forms of loss mitigation at that time writing a hardship letter will be one of the requirements in some...
The home affordable foreclosure alternatives (HAFA) program provides many options to avoid the costly foreclosures and offers the incentives to borrowers, servicers and investors who utilize a short sale or deed-in-lieu (DIL) to avoid the foreclosure. Home affordable...
Ways To Settle A Second Mortgage Mostly Home equity loans and Home equity line of credit (HELOCs) are used by the borrowers for a variety of reasons such as for debt consolidation or home improvements. An equity loan or HELOC generates a second mortgage lien against...
Guidelines To Negotiate The Mortgage Loan Modification Most commonly a mortgage modification is a foreclosure prevention option that is used when your lender agrees to modify your existing mortgage by extending your loan term, reducing your interest rate and sometimes...
