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Sample Financial Hardship Letter for Mortgage Lenders

Sample Financial Hardship Letter to Mortgage Lender

 

If you are having trouble getting your lender to respond to your requests try sending a Respa "qualified written request" letter 

 

Date:
Lender
Lender's Address
Lender's City, State, Zipcode

 

Attention (Individual who requested information):

Subject: Your loan number
Your Name
Your Address
Your City, State, Zip Code

I am writing to explain the current financial hardships I am (my family) is facing:

Describe current state of mortgage (number of months deliquent; known decrease in property value)

Detail the facts of what caused the default (increased interest rates; laid-off; medical emergencies)

Provide an overview of current financial situation

Include actions taken or being taken to reduce expenses and increase income

Describe any financial counseling you have received

Outline your modification proposal

Include
whether you are requesting an interest rate reduction, extended
amortization, principal reduction, capitalizing delinquency amount,
moving from an adjustable rate to a fixed rate, or any combination
thereof.
Detail reasons why you believe this proposal will be successful
State a commitment to this process and your mortgage

Include
a statement of perferred times and methods of contacting the homeowner
and any counselors or attorneys if they are involved.

 

Sincerely,

________________

Your name

 

Attach copies of other requested information

Send the letter certified mail, return receipt requested

Filed Under
Money & Privacy Foreclosure - Banking, Finance, & Credit Cards -

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Finance works most basically

On December 9th, 2009 creditcard (not verified) says:

Finance works most basically through individuals and business organizations depositing money in a bank. The bank then lends the money out to other individuals or corporations for consumption or investment, and charges interest on the loans.

creditcard
http://www.creditcardoffers.com.au/

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