Are You Pulling Your Hair Out Trying to Write a Hardship Letter?

Well John and Cathy had been on my site here reading much of what I’ve been talking about when it comes to How to write a hardship letter. I easily pointed them to some websites and also showed them how not to write a hardship letter.  But they wanted some more information about what an effective hardship letter would look like. 

So I decided to write one for them and for anyone else who is seeking to do this the correct way.

Date (Current Date) Name: (Your Name)

Address: (Your Address) Mortgage Company: (Mortgage. Company.)

Loan Number: (your Loan Number)

I/We, (Your Name), are requesting that you review my financial situation to see if I/We qualify for any workout option.

I/We are having problems making my monthly payments because of financial difficulties created by (circle what applies):

Unemployment

Reduced Income

Divorce

Separation

Medical Bills

Too Much Debt

Death of my Spouse

Death of a family member

Payment Increase

Business Failure

Job Relocation

Illness

Damage to Property

Military Service

Incarceration

Other (Please Specify)

This difficulty or hardship happened on or about this date ??????.   I/We believe that my/our hardship is (circle one) Temporary / Permanent This is a brief account of the situation with some details about how it transpired (explain the situation you encountered… and tell them you feel you can now afford your payments again) I/We, (your name), declare the contents of this letter provided above to be true and accurate to the best of my/our knowledge and understanding.

Borrower’s Signature Date Co-Borrower’s Signature Date

For more information on how to write a hardship letter or what to do after writing a hardship letter please enter your information in the opt-in box on the top right hand side of this blog or click on the Loan Negotiator Group and enter your information there.  I’ll be in touch with you that way soon.

The Foreclosure Doctor (Online)

What Should I Do After I Write a Hardship Letter to the Bank to Stop the Foreclosure Process?

Let me tell you about Danny. His house was in foreclosure. And all he did was write a

hardship letter. He had high hopes that writing a hardship letter would be sufficient.

Boy was he wrong!

In that letter he told the banker all about his troubles and asked for a loan negotiation

and some time to get back on his feet.

The good news is Danny got what he wanted. A loan negotiation and more time. But what did he

do with that?  What do you think Danny did with that extra time?  Do you think he followed

the requirements necessary to complete the loan negotiation like fax in proof of his current

income, and go down to the bank and sign more papers?   NOPE!

Danny did absolutely nothing. He didn’t give the banker copies of his monthly pay stubs. He

didn’t fax in a copy of last year’s income tax. And he didn’t go down to the bank to sign

any paper work.

Well you ask, what did Danny do? NOTHING! Absolutely NOTHING!

That is until one day a sign showed up on his front lawn. Then he came to me. And he sobbed

out a sorry and weak story.

He said well I was going to go down to the bank and sign the paperwork. And I was going to

fax in my income tax and I was going to send in copies of my pay-stub.

Well what do you think I should tell him?  Huh!  Well, I told him what I tell everyone.  I

told him the truth about where these words of hesitation lead you when facing foreclosure.

That’s right!!! Hesitation and inaction leads to a great big sign on the lawn that says

something like, “Bank Sale” or “REO Bank Auction”

But what was so sad for Danny is that he learned the hard way that Writing a Hardship Letter

to the Bank is just not enough.

So what else is needed besides merely writing a hardship letter?  

Good question! I’m so glad you asked. What else is needed besides just writing a hardship

letter? Well let me ask you. What else do you really want?  Like really tell me the truth

here!  What are you expecting from your lender by writing a Hardship Letter?

There is a world of action and little delicate steps that create the gigantic results.  You

must engage in this world of action and take those delicate little steps after you write

that letter to the bank to really stop the foreclosure process. 

And just like in anything else in life, “going to do it” and “planning to do it” and

“thinking about doing it” just doesn’t cut it.

If you really want success stopping your foreclosure procedure then writing a hardship

letter is a great place to start. But it is not a great place to finish.

You have to follow all the instructions that take you far beyond just writing a hardship

letter. And you have to be willing to think fast and act fast, and change fast. That’s just

the bottom line.

AGGRESSIVE ACTION and PERSISTENT DETERMINATION are a must!

Well what action do I think you should take first?  Well once again I’m so glad you asked. 

Let me make it really really easy for you. 

Call me! 

That’s right call the Foreclosure Doctor (Online) by entering in your phone number and

information in the top right hand corner of this blog. When you call I’ll go through the

following steps with you on the phone.

First I will take you through a one on one consultation and gather some information about

your situation.
Second I will lead you through a clear understanding of the foreclosure process in your

state or region.
Third I will guide you through the steps to determine how to best go about saving your home.
Fourth I will refer you to any additional service or program necessary to help you negotiate

with your bank or lender
Fifth I will work with you to help you transition from being in foreclosure to building

wealth.
So what else did you discover from reading this post today? Well let me sum it up for you.

Choosing to do nothing at any time or during any stage of the foreclosure process will most

likely lead to disaster. Taking action today and making sure that it is focused and directed

action leads to the results you want.

The Foreclosure Doctor (Online)

Do You Want 5 Hot Tips On How to Write a Hardship Letter to Stop the Foreclosure Process?

Are you tired of getting no response from your bank or lender while facing foreclosure? I know many are pulling their hair out trying to get a response from their lender.  That’s why I’m sharing five additional hot tips for those who are really want to know how to write a hardship letter to stop the foreclosure procedure.  But afterwards I’m going to tell you how to really get your bank or lender in your corner. Read more

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