Well I emaied our our attny last night asking for help wiht the BK letter and will call Littton on monday. Just to be ready I went ahead and wrote my
hardship letter anyways. Would you mind giving me your opninion?
August 23rd
Litton Loan
Executive resolution team
XXXX
XXXX
For the past year and a half my husband and I have been experiencing financial dificulties, which in the near future may affect our being able to continue our on time payments. First , my husband's business had to be shut down on December 22nd of 2006.In trying to keep the business afloat he had taken numerous pay cuts and in the end was responsible for paying all his own personal taxes (18%).The closing of the business caused him to file for chapter 11. Second, our family has grown from just hima nd I to include a toddler and one on the way. Though neither was planned we welcome them both, but now fear the added cost of daycare.\ We have taken steps to improve our financial situation by paying off and not using credit cards, taking on a second job, cutting out all unnecessary expexpenses. Finally, my husband now works for a growing company and is up for promotion in October. Please consider modifying our loan to a lower fixed rate. We love our home and have numerous ties to the community. We have made a commitment and are here long term. We hope that you consider our request for a loan modification. Sincerly