Loan modification hardship letter
Hardship letters may sound foreign and intimidating, but they are actually fairly simple.
A loan modification hardship letter is basically going to be an “about me” type of letter. You will list your basic personal information. Why you are not able to meet your mortgage payments currently. What you want out of your loan modification. How a loan modification will help your situation… Everything that the bank would like to know about you and the situation you are in.
A hardship letter is a must whenever you are in serious talks about loan modifications, so you should definitely take them seriously.
Knowing what hardship letters are, and how to fill them out is very important. Not only do you have to be on top of your own personal financial situation, but you have to know the ends and outs of the situation you are about to get into.