[Moe Bedard]

here is the format for a hardship letter............
These are what most lenders consider to be generally acceptable hardships....
1. Loss of job or reduction in income
2. Death of the homeowner, spouse or family member
3. Illness of homeowner or family member
4. Divorce or separation
5. Forced job relocation by employer
6. Adjustable rate reset-payment shock

The best way to set up a hardship letter..........

* First, describe the hardship and the circumstances that caused it
* Explain what steps have been taken to correct the situation
* Provide the lender with your plan to get back on track and stay there
* Assure the lender that you are a responsible homeowner who just needs a second chance and that you are very motivated to save your home


each investor has a different criteria as to what they are looking for to modify a loan, some require a small surplus while others work off of a small defiicit........you would need to ask the lender what they look at as far as expenses and if they look at gross or net income. most members are doing this on their own...........with HOPE the comments have been mixed.........some have received help while others not so much.......but it seems to depend on the counselor that they are working with..........since they are free, you may want to give them a try if you are not able to get anywhere with the lender on your own.