Q:
I received a foreclosure notice today.
A: In many cases, lenders are willing to work out solutions to save their homes. It's simply a financial decision. Q: What should be included in a hardship letter?
A: A
hardship letters is an appeal to your lender for a second chance. You
must have a legitimate hardship (job loss, sickness, death) to qualify. |
Q: Can I be approved if I am current?
A: Yes,
as long as you can demonstrate that your mortgage payment is depleting
your assets.
Q: My lender will not accept my payment.
A: Lenders
expect to be paid in full each month. Anything less will usually
start the pre foreclosure process. Avoiding your lender will
only make matters worse. |
