| Foreclosure is one of the most difficult times any | | | | prevent foreclosure. Mention your appeal in the |
| homeowner can face. You must by all possible | | | | first paragraph and reiterate it again during the |
| means try to avoid the situation. One way to | | | | conclusion. When making a petition, be sure you |
| prevent foreclosure is through writing a hardship | | | | are ready to act on it once approved. Never |
| letter. It is a requirement by the creditor to | | | | make a compromise that you are not ready to |
| workout your loan if you are having difficulty | | | | fulfill. |
| making payments. Because this can be your last | | | | Be humble and thankful |
| resort, you have to make the most of it. Here | | | | Showing your humility and gratitude i another sure |
| are the important facts in writing the request. | | | | way to prevent foreclosure. Keep in mind that |
| Make your explanation concise | | | | you are requesting and not demanding. Use words |
| The first thing to learn in order to prevent | | | | of gratitude and keep your letter polite. |
| foreclosure is the content of your letter. The | | | | Do not Lie |
| hardship letter must present a concise explanation | | | | Although it may be tempting when things get |
| of your current situation and the reasons why | | | | really bad, do not under any circumstances be |
| you fell behind in paying your repayments. A | | | | tempted to expand the truth. You will be caught |
| one-page letter is more than enough to explain | | | | out further down the line and this can make |
| your financial status. Do not waste the time of | | | | things a whole lot worse. |
| the reader by writing your life story. Get straight | | | | Be Sincere |
| to the point but provide all information needed. | | | | Your hardship letter will be based on your own |
| Some acceptable grounds include death, illness, | | | | personal circumstances and yours alone.There is |
| loss or relocation of job and failed business. | | | | no need to open the dictionary and start inserting |
| State your request | | | | fancy words everywhere. Just be honest and |
| Stating your request is another important way to | | | | speak from the heart. In other words be yourself. |