Loan Modification Forum - LoanSafe.org - View Single Post

philcyn11 · 11-24-2008, 10:13 AM

Is this where I post it? hope so

To Whom It May Concern:

I am writing this letter to explain my unfortunate set of circumstances that have caused me to become delinquent on my mortgage. I have done everything in my power to make ends meet but unfortunately I have fallen short and would like you to consider working with me to modify my loan. My number one goal is to keep my home and I would really appreciate the opportunity to do that.

The main reason that caused me to be late is a medical operation and Illness. Soon after being late and my income not being nearly enough, I had fallen further and further behind. Now, it’s to the point where I cannot afford to pay what is owed to Countrywide. It is my full intention to pay what I owe. But at this time I have exhausted all of my income and resources so I am turning to you for help.

Though I believe this situation to be temporary, the hardship began August 22, 2008 when I had an operation and was forced to take a 6 month leave of absence due to complications.

My situation will get better once I return to work. I feel that a Principle reduction and fixed interest rate loan modification would benefit us both. I would appreciate if you can work with me to modify the delinquent amount and or payments so I can keep my home and also afford to make amends with your office.

Additionally, my builder Ryland Homes has dropped the price of all new unsold homes in my development by +100k. My current appraised home value is 291,500 while I am currently paying 350.000 plus tax and insurance. I have not been in my home 2yrs. And there are currently 500 homes for sale in this immediate area. Additionally, at the time of Closing on my home, Countrywide only offered me what is now called subprime mortage rates though I qualified for a prime rate due to my good credit.

Please be informed that I am currently working with loansafe.org and my case will be profiled on the public website.

I truly hope that you will consider working with me and I am anxious to get this settled so we all can move on.

Sincerely and Respectfully,

11-24-2008, 10:13 AM	#1 (permalink)
philcyn11 Member Join Date: Nov 2008 Posts: 10 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Countrywide Hardship Is this where I post it? hope so To Whom It May Concern: I am writing this letter to explain my unfortunate set of circumstances that have caused me to become delinquent on my mortgage. I have done everything in my power to make ends meet but unfortunately I have fallen short and would like you to consider working with me to modify my loan. My number one goal is to keep my home and I would really appreciate the opportunity to do that. The main reason that caused me to be late is a medical operation and Illness. Soon after being late and my income not being nearly enough, I had fallen further and further behind. Now, it’s to the point where I cannot afford to pay what is owed to Countrywide. It is my full intention to pay what I owe. But at this time I have exhausted all of my income and resources so I am turning to you for help. Though I believe this situation to be temporary, the hardship began August 22, 2008 when I had an operation and was forced to take a 6 month leave of absence due to complications. My situation will get better once I return to work. I feel that a Principle reduction and fixed interest rate loan modification would benefit us both. I would appreciate if you can work with me to modify the delinquent amount and or payments so I can keep my home and also afford to make amends with your office. Additionally, my builder Ryland Homes has dropped the price of all new unsold homes in my development by +100k. My current appraised home value is 291,500 while I am currently paying 350.000 plus tax and insurance. I have not been in my home 2yrs. And there are currently 500 homes for sale in this immediate area. Additionally, at the time of Closing on my home, Countrywide only offered me what is now called subprime mortage rates though I qualified for a prime rate due to my good credit. Please be informed that I am currently working with loansafe.org and my case will be profiled on the public website. I truly hope that you will consider working with me and I am anxious to get this settled so we all can move on. Sincerely and Respectfully,