A hardship letter can help you avoid foreclosure and find mortgage relief If you’re struggling to make your mortgage payments, it may seem like you’re out of options and foreclosure is inevitable.

Close the hardship letter with an apology and an expression of your desire to reach a mutually beneficial resolution. Say you are willing to discuss alternate repayment terms. Include your phone ...

Finally, most hardship letters are too vague ... Further, I have been advised that the property will not rent for nearly enough money to cover the mortgage payment and homeowner’s association ...

When you apply for a mortgage modification, one of the key components of the loan modification package is the hardship letter that explains why you’re making the request. Learning the proper ...

Commissions do not affect our editors' opinions or evaluations. Writing a hardship letter to one or more of your creditors can help you get through a tough financial time. With an understanding of ...