Date
Your Name
Your Address:
Your bank name
Loan Number: 123456789
To whom it may concern:
This letter explains the difficult situation that I was behind on my mortgage payments. I would like to be considered for a loan modification to reduce my payments fix my interest rate to a lower rate, and the recapitalization or forgive arrears reached me and crime prevention. My main objective is to maintain my home long term.
I work for (the employer) as (title). (If more than one borrower, include this information for each co-signer/borrower.) I (we) hit hard times recently and has fallen behind in my (our) payments because (explain the reason here.) Since then, (because of the difficulty is or improvement). My (our) income is now (stabilized, improved, and so on).
Despite my (our) problems in recent years, my (our) intention of his salary, which I (we) need. Now that things are (improvement, stabilization, etc), I (we) thank you for your consideration my child (Our) payments, which helps us to have a backup and fix the interest rate that I (we) can afford to stay in my (our) home long term.
I (we) really hope to work with me (us) about it. Please help me (us) to find a quick solution to cope the current backlog and prevent future problems.
Sincerely,
(Your signature)
(Your Name)
Additional Thoughts letters about the difficulties
Write a letter restriction is probably the most important right to know if a loan modification request is approved or not. State your case, answering the following questions:
What kind of change that you (or the borrower, if you are a third modification consultant loan), how?
Why have you done (they) left behind?
Why is your (their) situation stabilizes or better now?
Remember to keep a very positive tone, it can be difficult given the nature of the topic you are writing. Do I think if you are a solid credit just move to a bump in the road, and that change will be just the thing for good again.
Keep your letter brief. long letters full of excuses can be skimmed or ignored by the loss of MIT service bank. Keep to one page. If the card runs on multiple pages, go back and change all the facts, but the most important. Do not be too emotional in tone or the other. If you are a loan modification consultant (ie, mortgage broker, lawyer, realtor, etc.) keep the first-person voice that the borrower (ie, me, me, us), and provided that the client sign personally. A handwritten letter may seem more difficult personal, as it may seem less likely to come from a third party or a model (even if it does).
If you’d like to learn more about starting a loan modification business, or if you want to access all the necessary forms, spreadsheets, and templates, click here: http://StartALoanModBiz.com
If you’d like to learn more about how to modify your own mortgage, click here: http://ICanModifyMyLoan.com
About the Author
Matt Sparks is a successful entrepreneur, both offline and on. He is also a licensed mortgage broker, employing real estate broker, and Realtor. He has written books, articles, and blogs about small business, real estate, finance, New Urbanism, and sustainable cities.
(c) Copyright – Matthew R. Sparks. All Rights Reserved Worldwide.
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