Hardship Letter Sample Helped Homeowner Avoid Foreclosure - Mortgage Rate Went From 9% to 7.5%

March 8, 2011 - PRLog -- Williamstown, NJ Henry Johnson was looking for a Hardship Letter Sample online when he discovered a loan modification company. "I was skeptical at first, you hear a lot of loan modification companies claiming the world" Henry stated.

To Avoid Foreclosure Today - http://hardshiplettersample.fiverweb.com/

Mr. Johnson has been facing foreclosure for 8 months now and needed a hardship letter as requested by his mortgage company. "The bank needed a hardship to show that I am unable to pay the current mortgage rate which was at 9%. He goes on to say, "When I received my mortgage it was at 6.5%"

To Avoid Foreclosure Today - http://hardshiplettersample.fiverweb.com/

A hardship letter is an integral part of Loan Modification process. When homeowners are facing foreclosure, these documents are submitted to the Loss Mitigation Department of the mortgage lender. Loan modifications are offered to homeowners who have the financial ability to become current on delinquent payments.

Henry said, "When I was on this website, it should me how to write a hardship letter and on the website was a banner displaying options to stop foreclosure, so I clicked on it". "I entered my information and a loan modification specialist contacted me with 24 hours" said Henry.

This company help Henry and many other homeowners avoid foreclosure with a loan modification. "My mortgage rate is now at 7.5% and now I can stay in my home, If it wasn't for this foreclosure prevention company I don't know where me and family would be.

To Avoid Foreclosure Today - http://hardshiplettersample.fiverweb.com/

Loan modification is a process in which the terms of a mortgage note are modified so that the payments become affordable.