Welcome-to-My-Hardship-Letter





 

“My Hardship Letter” is a website offering you unique services and products including:
  • The #1 Consumer E-Book My Hardship Letter
  • The Revolutionary Hardship Wizard Writer (10 minute customized hardship letters)
  • Hardship Letter Writing Consultative Services.
  • Sample Hardship Letters Examples
  • Free Sample Hardship Letter Report
  • Teach you how to write a hardship letter

We understand what you are going through and have helped many people gain an upper hand. We can give you a solid hardship letter that will increase your chance at financial relief. We have programs ranging from $29.00 to $200.00.

Don't pay thousands in lawyer fees or fancy programs.
Our hardship letter wizard can give you a customizable letter within 15 minutes. You can craft your own letter to fit your situation while we help you find the right words that can lead to financial relief.

  • Click here to see what some of our clients have said.
  • Click here to see how easy it is to create your own hardship letter in the privacy of your own home.
  • Click here to get started today!

A HARDSHIP LETTER EBOOK

My Hardship Letter Consumer E-Book is the first and most comprehensive workbook helping distressed homeowners create winning hardship letters getting results. This e-book/program was designed for homeowners who are trying to achieve a loan modification, short sale, IRS Tax settlements and or simply trying to negotiate settlements on business or personal credit card debt.

WRITE HARDSHIP LETTER WIZARD

The hardship letter writing Wizard is a revolutionary product/service allowing a person to create a customized letter for hardship in 10 minutes or less! The Wizard makes sure your letter maximizes your hardship presentation to the lender/creditor in order to help you achieve the best negotiations. Another great service only found here is your letter will be reviewed by trained professionals to make sure there isn’t anything you added in the letter we might suggest you change or remove. We may also suggest or recommend you expand upon certain hardships to further your cause.
Click here to watch a financial hardship letter created from Start to Finish in 8 minutes!

CONSULTATIVE SERVICES

Hardship Letter Writing Consultative Services are for those individuals with unique situations, potential high deficiency balances, multiple properties, business situations, questionable situations, have PMI (Private Mortgage Insurance) and considering HAFA (Home Affordable Foreclosure Alternatives) with a sizeable second lien holder. Hardship Mortgage Consultative Services are for those individuals with unique situations related to short sale approvals, deed in lieu of foreclosure offers, loan modification qualifications and or facing an upcoming Foreclosure Auction in 30 Days. You could be facing potential high deficiency balances, or potentially high promissory notes. You may have other complex issues like multiple foreclosure properties, business situations, and questionable situations, have PMI (Private Mortgage Insurance) and considering HAFA (Home Affordable Foreclosure Alternatives) with a sizeable second lien holder. The key resolution to these issues is having the perfect hardship letter up front supported with key supporting documents. Previously a hardship letter was required to be able to transact a short sale. Today, it is not only required but is a major part of the decision process. A poorly written mortgage hardship letter can sabotage your short sale approval (even though you technically qualify under short sale guidelines). Your letter also helps determine how much the lender is going to request you to pay them back. Most importantly your letter is one of the key components of allowing homeowners to participate in the New Government sponsored HAFA programs where the seller/ homeowner may get paid $3,000.00 to complete a short sale. Today’s short sale process is much different than previous years. If you truly understand all of the underlying requirements of HAFA then you will know that in a foreclosure state, you basically are given one chance at completing a short sale. So it is important to do everything right the first time to maximize your chances of success. We do not recommend HAFA for all homeowners and only recommend it as a last resort to buy more time. Inexperienced real estate agents recommending you to apply for a HAFA approval request without doing two very important things could end up getting an approved sale price that is too high for the local market due to a high BPO/Appraisal of your property. This will ultimately cause you to hand over your property as a deed in lieu which is still reported by some lenders as a foreclosure and still affects your credit like a foreclosure mark. We provide you the best and most comprehensive solutions to help you create perfect hardship letters maximizing your chance of a successful short sale approval, loan modification, personal credit card settlement, business credit settlements and IRS tax settlements in the least amount of time.


“My Hardship Letter” Products/Services will:

·         Save you several hours of time by helping you create an effective Hardship Letter!
·         Reduce Stress and anxiety of trying to create a Letter you have never had to create!
·         Allow you to complete a debt Hardship Letter the right way the first time!
·         Show you what to disclose and what not to disclose!
·         Show you how to create a letter placing your short sale on the fast track approval process!
·         Explain how a properly written hardship letter may help get HAFA approved and not pay any deficiencies!
·         Tell  you when you should and should not handwrite financial hardship letters!
·         Explain how a handwritten letter may cause your file to be flagged to request more money!
·         Help you avoid disclosing verbiage that may hurt your chances of being approved for a short sale or
      cause lender to ask for more deficiency money!
·         Tell you which items to avoid purchasing on credit cards, debit cards and checking accounts during a
      short sale or loan modification!
·         Give you a list of the items the banks have labeled as luxury that will flag your file for more money!
·         Provide you with real Hardship Letter samples used successfully to avoid deficiency amounts including
      some situations where the deficiency balance was over $200,000.00.
·         Help you maximize your ability to complete a short sale with least exposure to pay high
      deficiency amounts!
·         Show mistakes to avoid so you are not in the 98% of hardship letter writers that do it wrong!
·         Explain MGIC's (Mortgage Guarantee Insurance Corp) announcement making the mortgage financial hardship letter the hurdle to jump to get approved for a short sale and not pay deficiencies!

Click here to watch a financial hardship letter created from Start to Finish in 8 minutes!
 
Order now and get $20.00 off "My Hardship Letter" Consumer E-Book  or $50.00 off the Wizard Package
Disclaimer and Copyright Notice


Home Affordable Foreclosure Alternatives (HAFA):

The HAFA short sales program is the new federal government program to help homeowners escape the damaging credit effects of a foreclosure.  There is also a loan modification request program called the HAMP program. HAMP stands for Home Affordable Modification Program. Both (HAFA HAMP) require a hardship letter for mortgage modification.  HAMP stands for Home Affordable Modification Program.  The HAFA guidelines allow homeowners who are in foreclosure to be approved to complete a HAFA short sale.  HAFA short sales are just now beginning with a lot of mixed results and disappointments from people after learning what the HAFA program Guidelines really mean.   Homeowners are provided a carrot of $3,000.00 under the program.  Most homeowners don’t realize they will never see the money due to having to pay a monthly mortgage payment and the fact the lender can use the $3,000.00 to make up differences in market value or other closing costs.  A short sale HAFA program is now approved by many leading banks across the United States.  However, there are still many smaller and regional banks who are not participating in the Program for several reasons.  One is the program guidelines demand the homeowner is completely released from their deficiency balances and or promissory notes in order to approve the short sale transaction.  HAFA guidelines also lure many homeowners and real estate agents by claiming 10 day turnaround on approvals when it has generally been taking them 2-6 months.  The program does require the short sales to be completed faster including getting responses in as little as 10 days.  However, there are many exceptions to exceeding the 10 days which appears most lenders are utilizing under the short sales HAFA program.  The following banks, credit unions and or lenders will require a hardship letter for a preapproval of a mortgage to be able to participate in the HAFA short sales and HAMP loan modification programs:  

 

 


BANKS who require hardship letters and participate in HAFA
Allstate Mortgage Allstate Loans & Investments Inc. American Eagle Federal Credit Union American Home Mortgage Servicing Inc
AMS AMS Servicing LLC Aurora Loan Services Aurora Loan Services LLC Bank of America
Bank of America N.A. BOA Bank United Bay Federal Credit Union
Bay Gulf Credit Union Bayview Loan Servicing Bayview Loan Servicing LLC CCO Mortgage Carrington Mortgage
Carrington Mortgage Services LLC Central Florida Educators Federal Credit Union Chase Chase JP Morgan Chase JP Morgan Bank
Chase Home Finance LLC Community Bank & Trust Company CitiMortgage CitiMortgage Inc. Citizens 1st National Bank
Citizens First Wholesale Mortgage Co. Citizens First Wholesale Mortgage Company Countrywide CountryWide Home Loans Servicing LP CUC Mortgage Corporation
Digital Federal Credit Union EMC EMC Mortgage EMC Mortage Corporation Eaton National Bank & Trust
Eaton National Bank & Trust Co. Farmers State Bank Fidelity Homestead Savings Bank Fidelity First Federal Savings and Loan Association of Lakewood
First Federal Savings and Loan Ass. Of Lakewood First Federal Savings and Loan of Port Angeles First Nationsla Bank of Grant Park First Keystone Bank First Keystone
Franklin Credit Franklin Credit Management Corporation Fresno County Federal Credit Union Glass City Federal Credit Union Glenview State Bank
GMAC GMAC Mortgage GMAC Mortgage LLC Golden Plains Credit Union Grafton Suburban Credit Union
Great Lakes Credit Union Greater Nevaada Mortgage Services Green Tree Green Tree Servicing Green Tree Servicing LLC
Harleysvielle National Bank & Trust Company Hartford Savings Bank Hillsdale County National Bank Homeq servicing
Home Financing Center Inc Homestar Bank and Financial Services Home Loan Services Home Loan Services Inc. Horicn Bank
Horizon Bank Horizon Bank NA Iberiabank IBM Southeast Employees Federal Credit Union IC Federal Credit Union
Idaho Housing and Finance Association IServe Residential Lending, LCC    IServe Servicing Inc. J.P. Morgan
J.P. Morgan Chase J.P. Morgan Chase Bank J.P. Morgan Chase Bank NA JP Morgan JP Morgan Chase
JP Morgan Chase Bank Lake City Bank Lake National Lake National Bank Litton Loan
Litton Loan Servicing Los Alamos National Bank Marix Marix Servicing LLC Members Mortgage Company Inc.
Mission Federal Credit Union Metropolitan National Bank MorEquitey Inc Mortgage Center LLC Mortgage Clearing
National City Bank Nationstar Mortgage Nationstar Mortgage LLC Navy Federal Credit Union Oakland Municipal Credit Union
Ocwen Ocwen Financial Ocwen Financial Corporation Ocwen Financial Corporation Inc. OneWest Bank
ORNL Federal Credit Union Park View Federal Savings Bank PennyMac Loan Services LLC PNC Bank PNC Bank National Association
Purdue Employees Federal Credit Union Q Lending Inc Quantum Servicing Corporation RG Mortgage Corporation Residential Credit Solutions
Roebling Bank RoundPoint Mortgage Servicing Corporation Saxon Saxon Mortgage Saxon Mortgage Services
Schools Financial Credit Union SEFCU Select Portfolio Servicing SPS S.P.S.
Servis One Inc. Servis One Inc. dba BSI Financial Services Inc. BSI Financial Services Inc. Shorebank Shore Bank
Silver State Schools Credit Union Sound Community Bank Specialized Loan Servicing Specialized Loan Servicing LLC Spirit of Alaska
Federal Credit Union Stanford Federal Credit Union Sterling Savings Sterling Savings Bank Sterling Bank
Tempe Schools Credit Union Technology Credit Union The Bryn Mawr Trust Company The Golden 1 Credit Union United Bank
United Bank Mortgage United Bank Mortgage Corporation Urban Trust Bank U.S. Bank National Association Vantium Capital Inc.
Verity Credit Union Visit Financial Corp. Wachovia Wachovia Mortgage Wachovia Mortgage FSB
Wachovia Bank Wachovia Bank NA Wells Fargo Wells Fargo Bank Wells Fargo Bank NA
Wescom Central Credit Union Wilshire Wilshire Credit Wilshire Credit Corporation Yadkin Valley Bank
MGIC Mortgage Guarantee Insurance Company Mortgage Guarantee Insurance Corporation PMI Private Mortgage Insurance
Private Mortgage Insurance Company Republic Republic Insurance Company.


Home Affordable Modification Program: 

A HAMP loan modification is similar to other mortgage modification programs.  It is simply that, a home loan modification of the terms of your existing property loan.     You refinance your existing loan under new terms including but not limited to lower interest rates, lower monthly payments and sometimes even a reduction in the principal.   A HAMP modification takes 1-4 months to get approved even though the lenders are supposed to do them faster.  Then you have a HAMP trial period for 90-120 days to make sure you are still able to make payments.  Currently only 50% of the HAMP loans which were approved for a trial loan is being approved for permanent modification.  So you have a 1 in 2 chance of achieving a permanent resolution if you first get approved for a trail HAMP Loan program.  While the numbers continue to change, currently you have less than a 50% chance of even getting approved for a trial HAMP mortgage program.  So overall, you should consider other alternatives like the HAFA program which is also part of the Making Home Affordable programs (MHA) in case you fall in the 70-80% of the homeowners who eventually do not qualify for HAMP.   The majority of homeowners who end up being disqualified from the program are due to missing paperwork requirements and missing deadlines where the file is closed.  This is why we do not recommend homeowners to try and complete their own Loan Modification request.  You need a professionally trained company who specializes in Loan Modifications to increase your chance of success.  Click here if you would like a free consultation on your chances of getting approved for a HAMP program and a list of a few companies we trust our customers to use.  If you are buying the MY Hardship Letter EBook and or the Writing Hardship Letter Wizard program, you will get the free list when you sign up.  Remember, you will have to have a Making Home Affordable hardship letter whether you decide to do HAFA or HAMP. 

 

The HAMP guidelines are very similar to the HAFA guidelines for everything that is required for them to process your file and make a decision.  You must provide all financial paperwork along with a hardship letter to mortgage company.   Remember the HAMP Government program is just one of the many options you have with various banks or lenders.   However, if you are not approved under Making Homes Affordable program, then you most likely will not qualify for some of the other modification programs.then you most likely will not qualify for some of the other modification programs.

 

If your modification program is not approved by the lender, then you should not immediately decide to do a HAFA short sale program.  You really need someone highly trained to help you understand your options before signing up for the Home Affordable Foreclosure Alternative program.   You should never consider a HAFA deed in lieu (HAFA DIL) unless your situation dictates you are not going to be able to complete a short sale prior to your auction date.  The HAMP mortgage program was introduced by President Obama and his administration.  It is commonly referred to as the Obama HAMP program in the media.  If you are a homeowner facing foreclosure and received a foreclosure letter (commonly referred to as a Lis Pendins letter, Preforeclosure Letter or Pre foreclosure letter) and or you  are behind on payments, then you probably already received a mortgage letter explaining the benefits of HAMP and or HAFA.  You should  understand your situation is  serious and you should take immediate action.   The one benefit of a Home Affordable Refinance of your home is the lender is required to stop the foreclosure action while you are in it.  However, some lenders don’t really stop the action, they just stop an auction from occurring if you are in the middle of the trial period.  Sometimes as soon as you are declined for the HAMP loan program, you might find your foreclosure suit to have matured and ready for the judge to issue an auction date.  So be prepared to have other options. 

 

 

Government Programs requiring a Hardship Letter for Loan Modifications-Hardship Letters for Short Sale: 

FHA, Federal Housing Authority, HUD, FNMA, Fannie Mae, FM, FMAC, Freddie Mac, US Department of Housing and Urban Development, The Preforeclosure Sale Program, HAMP, Home Affordable Modification Program, HAFA, Home Affordable Foreclosure Alternatives Program, Fannie Mae’s Alternative Modification Program, Homesaver Forbearance, New Workout Hierarchy, VA, Veterans Administration,

 

We Provide Hardship Letters in all 50 states and around the World!
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