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Tips for Writing a Hardship Letter Keep it original. ... Be honest. ... Keep it concise. ... Don't cast blame or shirk responsibility. ... Don't use jargon or fancy words. ... Keep your objectives in mind. ... Provide the creditor an action plan. ... Talk to a Financial Coach.
90 Day Pre-foreclosure Notice Lender must mail you information on getting help at least 90 days before starting a court case.
The main goal is to keep your name and phone number in front of the troubled homeowner as much as possible so that when they are ready to ask for help, they will contact you. In addition to pursuing foreclosures, you could also establish some ads that would bring the foreclosures to you.
Guidelines For Writing a Foreclosure Letter Address the letter to the head of the financial institution. ... Subject must be on point. In the body, always mention your name and loan account number. If you don't know the foreclosing procedure, then ask them to guide you.
Lead in softly, don't jump right into the issue of pre foreclosure. Know your data, don't engage without knowing the situation. Build rapport over a period of time, don't take a one-and-done approach. Interact face-to-face, don't hide behind technology.