Where you are having trouble making your mortgage payments, you are wise to seek a loan modification to obtain lower payments, tack arrearages onto the loan balance, waive penalties, and reduce the overall loan balance. In addition to providing detailed proof of income, you need to write a persuasive hardship letter.
You are also encouraged to contact a Nassau County real estate attorney to assure your loan modification request gets the respect it deserves. James J. Quail & Associates, P.C. proudly serves Long Island, Nassau, and Suffolk Counties.
No matter how unscrupulous your lender has been, this is not the time to bring up the matter. Leave that for your attorney in negotiations. Your job in the hardship letter is to courteously appeal to the lender’s better nature to give you a break.
We assist clients in preparing hardship letters in the course of seeking loan modifications. In these efforts we have helped many stay in their homes though Bank of America loan modifications, Chase loan modifications, Wells Fargo loan modifications, as well as loan modifications with other lenders.
Contact a Nassau County foreclosure defense attorneyat our firm for guidance on how to write a hardship letter. Schedule your free 15-minute consultation today.