How to Write a Hardship Letter to Stopr Foreclosure


	How to Write a Hardship Letter to Stopr Foreclosure

The AnswerMan

3-13-2009 7:03 PM

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tags:

foreclosure, hardship letter, mortgage, debt

The AnswerMan says:

If you're in a position to worry about foreclosure, a hardship letter is one step in the process you may use to help avoid it. Here's how to write one.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/5a117cc5-a113-4d8d-8820-cf42eefc0c13/FB38F650-678D-4020-9974-53EA35A99AE8/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://opportunitiesaplenty.com/Debt_Blog/2008/06/_how_to_write_a_hardship_letter_to_stop.html" href="http://opportunitiesaplenty.com/Debt_Blog/2008/06/_how_to_write_a_hardship_letter_to_stop.html" style="font-size: 11px;">opportunitiesaplenty.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://opportunitiesaplenty.com/Debt_Blog/2008/06/_how_to_write_a_hardship_letter_to_stop.html">Can you write a hardship letter to stop foreclosure? Well, if you've been caught up in the ever expanding web of home foreclosures, a hardship letter is but one tool you can use to possibly help yourself avoid foreclosure. Actually it's a step in the foreclosure avoidance that process that begins with contacting your lender. You have 2 choices; either you'll keep your home or you'll sell it. Notice that foreclosure isn't one of the choices.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://opportunitiesaplenty.com/Debt_Blog/2008/06/_how_to_write_a_hardship_letter_to_stop.html"><P>To keep your home, you'll need to either get a refinance (if you have sufficient equity and good enough credit), or workout your foreclosure through one of the following methods; mortgage modification, forbearance, or a deferment. These will help you improve your financial situation and make it easier to make your monthly mortgage payment. A hardship letter is but one step in the process toward making this happen.<BR /> </P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/FB38F650-678D-4020-9974-53EA35A99AE8/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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