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Every debtor would agree that second chances are a welcome opportunity to make things right. Submitting a free financial hardship letter to your lender is an example of a homeowner’s second chance to rectify a mortgage. A financial hardship letter represents a chance to sell your willingness to stay financially responsible and not express an attitude of hostility and anger. The letter should give the lender a picture of your enthusiasm to keep your home out of foreclosure.
In the wake of America’s worst financial outlook in decades, there are a myriad of reasons why people are in financial ruins. Simple everyday occurrences like a significant illness, or property values plummeting or loss of job or income all impact debt repayment today. A financial hardship letter to your lender is the first and most important step in describing your personal financial outlook and beginning a recovery process for yourself and your family.

 Free Financial Hardship Letter

Concentrating on your mortgage and the devastation that a foreclosure would put on you and your family should be addressed first and foremost in your financial hardship letter. For most Americans, a mortgage is the single biggest investment that will be made in their financial lifetime. A lender or loss mitigator need to hear how one or more specific financial burdens, i.e. a serious illness, or loss of income, have affected your ability to comply with your original mortgage agreement. They will also need to hear the impact that losing your home will have on your total financial picture and your family’s comfort level and emotional and psychological affects.

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Important Points to Make in your Free Financial Hardship Letter:

1. Clearly State Your Reasoning in the Subject Line: The loss mitigator or lender should know why you are writing the Mortgage Modification letter in the most concise sentence possible. This should be your subject line.
2. Make Your Letter Brief and To the Point: This is the most important letter that you will write to redefine your financial outlook. It is not a life story. State your difficulties in meeting your mortgage payments and your willingness to fix this in the best and fastest way possible.
3. Make it Personal to You: Give the lender or loss mitigator a glimpse you’re your life and your circumstance. This will set you apart from everyone else writing a financial hardship letter. Remember, lenders and loss mitigators get thousands of these letters per month.
4. Don’t Complicate It: Be very clear in stating your points. Write pointed and clear paragraphs and then summarize at the end.
5. Be Informative: Disclose any important statements in your package. The loss mitigators or lenders need bank statements, tax returns, paycheck stubs, and letters of recommendation.
6. Be Appreciative: Think of the person who will receive your package as a personal confidante and helper. He or she is not responsible getting you into your current situation. This is the person however, who may be able to help you out of it. Do not show any aggression or hurt feelings. Humility is important.
Since this letter will be the most important factor in changing your financial future for the better, get a good template and do it right!

FREE Financial Hardship Letter Sample To Modify Your Mortgage

To get a copy of a FREE Financial Hardship Letter for Mortgage Modification you can visit:

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