Hi fozzmichigan,
Welcome to the forum and thank you for joining............
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.
Here are some examples to help you.......
Examples of a Hardship Letter
The you would need to call
CW Home Retention and ask what the options are for a modification............they will ask for additional information
CW Home Retention
1-800-669-0102
Have this ready when you call...........
Your Loan Number and Property Address
Bank Statements and Tax Returns for the past two (2) months
Recent income documents (e.g., pay stubs)
List of current expenses
Brief explanation of your current financial circumstances warranting assistance