Hardship Letter

Who are you sending this to? If it is a CA I would be very very careful.

The debt is still with the OC, but this is their assigned agent. They say that their deal with the OC does not allow them to settle below 50%, which I cannot do. However, they said they can present the hardship info to the OC, and they often ok lower percentages based on that.

I would be very careful doing this. I really hope you know who you are dealing with when you are giving out your banking info. You should make sure with the OC that this company is legally allowed to collect for them.

Call the OC and see if this company is legally collecting for them. Ask the OC about hardship programs and if they have anything like that. Explain to them what the CA said and see if they can back up what the CA said.

I am still looking for a sample hardship letter if anyone has one.

I found some using google :)

Writing hardship letters does not have to be difficult, but you need to know what your lender is looking for. Many homeowners simply do not understand the basics of writing an effective hardship letter and this is costing them their homes.

The main points for a financial hardship letter are:

[LEFT]1. Subject Line Request - Right off the bat let the loss mitigator know what you are requesting.
2. Brevity ??? Don???t let your financial hardship letter go on for page after page. Keep it as short as possible.
3. Personal - Let the loss mitigator get to know you and your circumstances.
4. Clarity ??? Get your points across in the clearest possible way and then provide a summary.
5. Information ??? Make sure you leave nothing out of your financial hardship letter. Attach important information such as bank statements, cash flow documents, income tax statements, letters of reference, etc.
6. Be Appreciative ??? The person reading this financial hardship letter did not get you into this mess but he or she is the one that can help you out of it. So be thankful and humble in your tone.[/LEFT]

Below are some highlights for a foreclosure hardship letter:

1. Use a business format.
2. Start with your name, address, city, state, zip and phone number at the top.
3. Two spaces blank.
4. Name of the loss mitigator, lending institution and its address (Find this out by phoning).
5. Two spaces blank
6. Date
7. One space blank
8. Loan number
9. The main part of hardship letter should be about four to six paragraphs with a space between each one.
10. Thank the person for his or her time
11. Your signature
12. Print your name


The best way to get results is to get a sample hardship letter and work from it. Nothing succeeds like success so follow the successful people and get your today.