[dthom]

I just got off of the phone with Spencer from Countrywide. He said we were not eligible for the Dec 1 program because we are current, but that after taking our information we are qualified for an interest rate modification, so long as the investor agrees. I believe because we are freddie Mack because we have a conventional loan. We need to fax pay stubs, bank statements(3 months) and a Hardship Letter ( not sure how to approach that,guess I explain how income has gone down, that we live in the state with highest unemployment(MI) and etc.) with in 24 to 48 hours. He said after that it would take about 30 to 35 days and to try to make our payments before the 15th of the month so we would not get a $70.00 late fee.
If anyone knows what goes into a hardship letter would appreciate some advice as to how to write it so we can get results. I am somewhat hopeful, but not ecstatic, this is after all Countrywide I am dealing with.