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Hardship Letters And Adjustable Rates
Many clients have adjustable rates that are about to reset. Many cannot afford the new higher payment. I have found that some lenders are willing to renegotiate these loans to a fixed rate. Sometimes a hardship letter is helpful, explaining the circumstances. It is usually best to have an experienced attorney assist with this. Lender’s […]
Government Report Confirms That Bankruptcy Reform Cost The US Trustee Program An Extra $72 Million So Far
/in Foreclosure & Loan Mod Blog /by Scott LaninThe 2005 reforms to Bankruptcy Law were right out of George Orwell’s 1984.
Hardship Letters And Adjustable Rates
/in Foreclosure & Loan Mod Blog /by Scott LaninMany clients have adjustable rates that are about to reset. Many cannot afford the new higher payment. I have found that some lenders are willing to renegotiate these loans to a fixed rate. Sometimes a hardship letter is helpful, explaining the circumstances. It is usually best to have an experienced attorney assist with this. Lender’s […]