Using a Hardship Letter to Stop Foreclosure
There are several ways in which a foreclosure can be avoided and it isn’t very tough. By drafting a hardship letter, the foreclosure problem can be avoided by the homeowner. Along with the letter, specific documents should be provided that will show the lender the depth of financial troubles faced by the borrower and how it’s affecting their abilities to make a payment on the mortgage loan. This can help the borrower to stop foreclosure and ensure that they continue to stay in their homes.