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The Hardship Letter: Four Points to Make When Seeking a Home Loan Modification or Short Sale. Tara-Nicholle Nelson. Updated July 14, 2016 at 9:15 PM. foreclosure sign - home loan modification.
Follow these steps to help soften the impact of an unexpected hit to your finances.
The Flex Modification program is a conventional loan modification program designed to help homeowners who are experiencing long-term or permanent financial hardship. Using this program can help ...
The guidance specified owners facing hardships would start with shorter duration plans but those could be extended up to 12 months if necessary after reassessing the consumers financial hardship. The GSE's are also waiving late fees and suspending foreclosure sales and evictions until May 17, 2020. [7]
The following is a list of circular letters issued by the U.S. Office of Management and Budget that provide significant information and guidance for Federal agencies, recipients, auditors, and the general public over the use and management of federal funds, operations of federal assistance programs, and agencies' and recipients' compliance with ...
An undue hardship is an American legal term referring to special or specified circumstances that partially or fully exempt a person or organization from performance of a legal obligation so as to avoid an unreasonable or disproportionate burden or obstacle.