| Re: Examples of a Hardship Letter
Hi solohome1403,
Welcome to the forum and thank you for joining..............
Modifications are given by the investors on the loan and what they are or are not willing to do...............and it also would depend on the type of loan that it is.
What relation is the family member to you and was this loan a bail out loan to save the home from foreclosure? The answer to this question would indicate if anything will be able to be put in place.
Who is the servicer on the loan?
What is the interest rate at?
Is it fixed or adjustable?
If adjustable when is it adjusting?
Are you paying interest ony?
__________________ Moe Bedard
Founder LoanSafe.org "America's #1 Home Loan Forum" LoanWorkout.org "America's # Loan Modification Blog"  Get My FREE Loan Modification E-Book | Please donate to LoanSafe.org | Loan Modification Training For Attorneys | Rate Your Mortgage Servicer The comments by me and the materials available at this web site are for informational purposes only and not for the purpose of providing legal advice. Most of the information you find here is easily available on the internet. You should contact your attorney to obtain advice with respect to any particular issue or problem. The opinions expressed at or through this site are the opinions of the individual author and may not reflect the opinions of the firm or any individual attorney. Please Read our Privacy Policy and Legal Disclaimer Here. |