Comments on: Example Harship Letter http://loanworkout.org/2007/10/example-harship-letter/ Loan Modification & Home Loan News Fri, 20 Nov 2009 12:55:43 -0700 http://wordpress.org/?v=2.8.6 hourly 1 By: Pattie Best http://loanworkout.org/2007/10/example-harship-letter/#comment-17087 Pattie Best Wed, 30 Sep 2009 05:34:31 +0000 http://loanworkout.org/2007/10/01/example-harship-letter/#comment-17087 I have to write a Hardship letter to my lender, but I am current on my payments. How do I start out my letter, since I am not deliquent? Please Help. I have to write a Hardship letter to my lender, but I am current on my payments. How do I start out my letter, since I am not deliquent?
Please Help.

]]> By: Justin Bartlett http://loanworkout.org/2007/10/example-harship-letter/#comment-15777 Justin Bartlett Tue, 21 Jul 2009 18:29:17 +0000 http://loanworkout.org/2007/10/01/example-harship-letter/#comment-15777 Great example of an effective, to the point hardship letter. Kudos! Great example of an effective, to the point hardship letter. Kudos!

]]> By: Diana Luciano http://loanworkout.org/2007/10/example-harship-letter/#comment-12645 Diana Luciano Fri, 06 Mar 2009 21:05:01 +0000 http://loanworkout.org/2007/10/01/example-harship-letter/#comment-12645 anyone with information on shortpay thur fha......plz shed somelight anyone with information on shortpay thur fha……plz shed somelight

]]> By: Diana Luciano http://loanworkout.org/2007/10/example-harship-letter/#comment-12644 Diana Luciano Fri, 06 Mar 2009 21:02:12 +0000 http://loanworkout.org/2007/10/01/example-harship-letter/#comment-12644 I really found this information very helpfull but still I am looking for answers on shortpay and how I could do this,,,looking for more information on fha shortpay I really found this information very helpfull but still I am looking for answers on shortpay and how I could do this,,,looking for more information on fha shortpay

]]> By: Valeria Verbeek http://loanworkout.org/2007/10/example-harship-letter/#comment-12573 Valeria Verbeek Wed, 04 Mar 2009 03:03:24 +0000 http://loanworkout.org/2007/10/01/example-harship-letter/#comment-12573 I was stupid enough to take out Countrywide mortgages, not on one home but on two. I make 30,000 a year and owe 600,000. I started out with a home worth 500,000 with an 80,000 mortgage. I now have one home worth 300,000 with a 225,000 mortgage and a second with a 380,000 mortgage on a home with a market value of 300,000. I went to short sale on the second and the only bid I got was 200,000. I was stupid enough to take out Countrywide mortgages, not on one home but on two. I make 30,000 a year and owe 600,000. I started out with a home worth 500,000 with an 80,000 mortgage. I now have one home worth 300,000 with a 225,000 mortgage and a second with a 380,000 mortgage on a home with a market value of 300,000. I went to short sale on the second and the only bid I got was 200,000.

]]> By: Vee http://loanworkout.org/2007/10/example-harship-letter/#comment-12101 Vee Wed, 11 Feb 2009 00:11:00 +0000 http://loanworkout.org/2007/10/01/example-harship-letter/#comment-12101 Does anyone know qualifying guidelines for Wilshire Credit. I want to apply for modification and want my figures to be in line with requirements. Does anyone know qualifying guidelines for Wilshire Credit. I want to apply for modification and want my figures to be in line with requirements.

]]> By: Jane http://loanworkout.org/2007/10/example-harship-letter/#comment-6558 Jane Sun, 15 Jun 2008 16:36:33 +0000 http://loanworkout.org/2007/10/01/example-harship-letter/#comment-6558 Hi Moe. Would you please check if my hardship letter is okay. I'm sorry if I post this on the wrong forum. Pleas help. Thank you. I am writing this letter to explain my unfortunate set of circumstances that have caused me to become delinguent on my mortgage. I have done everything in my power to make ends meet but unfortunately I have fallen short and would like you to consider working with me to modify my loan. My number one goal is to keep my home and I would really appreciate the opportunity to do that. As you can see on my record I have been a loyal and faithful customer paying my mortgage on time. I have tried paying the full amount of $4,129 since November 2007 and also my last payment that was received was June 11, 2008. Unfortunately I could no longer keep up with the payment. Also with the economy my part time job had to lay me off and that also caused me to be delayed. A monthly increase of this amount has ruin me financially and I will surely fall into foreclosure. Therefore, I am requesting that my adjustable rate loan be modified to a fixed rate. I have tried to refinance out of this loan but cannot due to the fact that I owe more than what the house is worth. I do not owe any credit card bills nor any car payment bills. . My only bill that is making me late is my mortgage. Hopely there is a way to renegotiate the terms of my current mortgage to avoid default and help stop foreclosure on my home. Please help me Hi Moe. Would you please check if my hardship letter is okay. I’m sorry if I post this on the wrong forum. Pleas help.

Thank you.

I am writing this letter to explain my unfortunate set of circumstances that have caused me to become delinguent on my mortgage. I have done everything in my power to make ends meet but unfortunately I have fallen short and would like you to consider working with me to modify my loan. My number one goal is to keep my home and I would really appreciate the opportunity to do that.

As you can see on my record I have been a loyal and faithful customer paying my mortgage on time. I have tried paying the full amount of $4,129 since November 2007 and also my last payment that was received was June 11, 2008. Unfortunately I could no longer keep up with the payment. Also with the economy my part time job had to lay me off and that also caused me to be delayed. A monthly increase of this amount has ruin me financially and I will surely fall into foreclosure. Therefore, I am requesting that my adjustable rate loan be modified to a fixed rate. I have tried to refinance out of this loan but cannot due to the fact that I owe more than what the house is worth.
I do not owe any credit card bills nor any car payment bills. . My only bill that is making me late is my mortgage. Hopely there is a way to renegotiate the terms of my current mortgage to avoid default and help stop foreclosure on my home. Please help me

]]> By: Suhay http://loanworkout.org/2007/10/example-harship-letter/#comment-6559 Suhay Sun, 13 Apr 2008 15:32:11 +0000 http://loanworkout.org/2007/10/01/example-harship-letter/#comment-6559 need fax number for Washington Mutuals loss mitigation dept. They provided 904-886-5529, but seems to not be a FAX. Please help need fax number for Washington Mutuals loss mitigation dept. They provided 904-886-5529, but seems to not be a FAX. Please help

]]> By: Moe http://loanworkout.org/2007/10/example-harship-letter/#comment-6556 Moe Thu, 27 Dec 2007 22:28:26 +0000 http://loanworkout.org/2007/10/01/example-harship-letter/#comment-6556 4. Rick Harsch is pretty harsh 4. Rick Harsch is pretty harsh

]]> By: Rick Harsch http://loanworkout.org/2007/10/example-harship-letter/#comment-6557 Rick Harsch Thu, 27 Dec 2007 22:25:26 +0000 http://loanworkout.org/2007/10/01/example-harship-letter/#comment-6557 1. The drug dealer sold me bad drugs could not remember when to pay. 2. They closed my home equity line and naturally ran out of money 3. I thought the payment was only a suggestion 1. The drug dealer sold me bad drugs could not remember when to pay.
2. They closed my home equity line and naturally ran out of money
3. I thought the payment was only a suggestion

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