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indeep1959 · 06-11-2009, 06:19 PM

I am in the process of writing a hardship letter and am working with NACA to save my home.

One of the financial burdens that caused me to fall behind,in addition to job loss and reduced income upon returning to work,was a legal issue on the title to my home,which is the mortgage in question. I have had to defend title to this home,and it has caused me to spend an enormous amount of money to do so,contributing to my "shortfall" in funds for the mortgage obviously.

I do not know if I should mention this in my hardship letter,even though it is truly a significant "hardship" that helped me get to this point. I am afraid the mortgager may look unfavorably on this since this concerns title to this house. I'm just afraid they will not work with me and call the whole loan due since it has a defective title.

I know it's a unique situation,but I'm worried it would hurt the chances of a mod and not help.I could wait until the issue is settled for a mod, but I do not have a timetable on that and am afraid I'll wait too long.

06-11-2009, 06:19 PM	#81 (permalink)
indeep1959 Member Join Date: Jan 2009 Posts: 24 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Examples of a Hardship Letter I am in the process of writing a hardship letter and am working with NACA to save my home. One of the financial burdens that caused me to fall behind,in addition to job loss and reduced income upon returning to work,was a legal issue on the title to my home,which is the mortgage in question. I have had to defend title to this home,and it has caused me to spend an enormous amount of money to do so,contributing to my "shortfall" in funds for the mortgage obviously. I do not know if I should mention this in my hardship letter,even though it is truly a significant "hardship" that helped me get to this point. I am afraid the mortgager may look unfavorably on this since this concerns title to this house. I'm just afraid they will not work with me and call the whole loan due since it has a defective title. I know it's a unique situation,but I'm worried it would hurt the chances of a mod and not help.I could wait until the issue is settled for a mod, but I do not have a timetable on that and am afraid I'll wait too long.