A foreclosure hardship letter is a crucial element for borrowers attempting to save their home from foreclosure. When borrowers become delinquent on their mortgage note, they must contact their lender’s loss mitigation department to request a loan modification or short sale approval.
The foreclosure hardship letter is used to outline the circumstances that caused borrowers’ to become delinquent on their account. For many, the letter of hardship can be painful to write. Many people are intimidated by the process. They do not know what information to include or how to present it in the proper format.
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