Hardship Letter Any Business Relationship, Thesis

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4. I did not obtain my current mortgage under any materially false pretenses.

As part of the Hope for Homeowners program, I would be able to attain a new affordable mortgage based on a current appraisal value. I would retain 10% equity in the property, and would be sharing the equity and future appreciation with the Federal government, which would prohibit me from taking out any additional loans against the property except for direct repairs and/or maintenance. There are also up front insurance premiums for this type of loan, which I am aware of.

If you would please consider one of these two options, I believe we can come up with a mutually satisfying solution to help avoid foreclosure on my home. I am writing this hardship letter to plead with your company to review my loan information, take into account my current financial situation, my excellent payment history prior to the beginning of my recent...

...

Since this is my primary home, it is one of my top financial priorities and I have done everything within my power to try to avoid foreclosure and default on the loan. I trust you will do the right thing. Please contact me with any additional information you may need, and I will be happy to provide documentation of any type to prove my case. Thank you for your time.
REFERENCES

Mortgage Bankers Association. Fannie Mae Posts Conventional Mortgage Servicing Modifications (06-18). Related Documents, 2008 Mortgage Bankers Association. Website with .pdf file:

http://fha-refinance-program.com/hope-for-homeowners.html

http://www.hud.gov/fha/home080730.cfm http://portal.hud.gov/portal/page?_pageid=73,7601299&_dad=portal&_schema=PORTAL

Sources Used in Documents:

REFERENCES

Mortgage Bankers Association. Fannie Mae Posts Conventional Mortgage Servicing Modifications (06-18). Related Documents, 2008 Mortgage Bankers Association. Website with .pdf file: <http://www.mortgagebankers.org/NewsandMedia

/IndustryNews/45725.htm>

http://fha-refinance-program.com/hope-for-homeowners.html

http://www.hud.gov/fha/home080730.cfm http://portal.hud.gov/portal/page?_pageid=73,7601299&_dad=portal&_schema=PORTAL


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