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Articles, tagged with "hardship letter", page 1

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Are There Any Other Options Besides Refinancing?

16th February 2010
The simple answer is yes, and it's called loan modification. Loan modification is meant for struggling homeowners who do not qualify for refinancing. There are minor and significant differences between refinancing and loan modification. First, a mortgage ... Read >
Author: Pit

Loan Modification Hardship Letter Tips And Advice

11th February 2010
A Loan Modification Hardship Letter will paint a picture of your family's current financial position. The federal stimulus plan requires that you simply be facing a hardship situation in order to be eligible to apply for a mortgage workout. This very aggr... Read >
Author: Bobby Mason

Reasons Banks Reject Short Sale Offers

01st December 2009
Unless a property is marketed as "Short Sale Approved", no one has no way of knowing whether a short sale offer may be accepted, not the buyer's agent, not the listing agent, nor the seller. Simply because a listing is advertised as a short sale doesn't... Read >
Author: Housing Assist of America

Wells Fargo Modification Hardship Letter

30th August 2009
One of the most difficult companies to get a loan modification from is Wells Fargo, also known as Wachovia. They are very stringent in their rules and unlike other lenders who are very open to modifications under the new federal plans devised by President... Read >
Author: Jennifer Hayes

Loan Modification Hardship Letter - How To Write A Successful One

12th August 2009
Mortgage modification loan is helping more people to prevent foreclosure. Especially for those that are not suitable for standard refinancing, loan modification is a choice to avoid you losing your house. The most important part of any application to arra... Read >
Author: Jennifer Hayes

Shortsale: Sell Your House for Less than You Owe

30th June 2009
Shortsale is a technique used by lenders that allows borrowers to sell their home for less than is owed on the mortgage note. Banks approve selling properties short of what is owed based on several factors. The prevailing factor is if selling short is les... Read >
Author: Simon Volkov

What to Include in A Wells Fargo Mortgage Modification Application Hardship Letter

15th May 2009
Wells Fargo (and by extension, Wachovia) is notoriously difficult to get a mortgage modification from. Their requirements are not only strict, but they are just not as open to modifications as many lenders these days. Perhaps the most crucial part of appl... Read >
Author: Lindsy Emery

Hardship Letter for Loan Modification - Tips On How to Write One Effectively

11th May 2009
Most borrowers do not know that a hardship letter is required to process an application for loan modification. Even those who do, often do not understand what the bank needs to see in this letter. The time and effort it takes to do a proper hardship le... Read >
Author: Lindsy Emery

Loan Modification Help

20th February 2009
So, you're all ready to submit your loan modification application to your lender to get the loan workout you need to stay in your home. There is a lot riding on this-are you sure you have completed all of your paperwork properly so that it has the best ch... Read >
Author: Jennifer Forbes
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