Shannon Arnold's Blog - Archives March, 2010

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Home : Blogs : Shannon Arnold : Shannon Arnold's Blog : Archives March, 2010

Loan Modification 101- Writing an Effective Hardship Letter - 03/22/10 01:23 PM

A hardship letter is an important part of your loan modification request package. The purpose of the hardship letter is two-fold. In it you briefly explain the financial hardship that triggered your mortgage payment difficulty. That’s followed up by an explanation of how you intend to make future mortgage payments once your loan is modified.
The hardship letter plays a key role in determining whether or not your lender approves your loan modification request. Your lender won’t give you a second chance to submit an improved version of this letter. That’s why it’s crucial to write it correctly the first time. … (2 comments)

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Shannon Arnold

Orange, CA

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