What is Hardship Affidavit? Based on the research a hardship affidavit is a letter where you state the nature of your financial difficulties and any other reasons for requesting mortgage assistance. A hardship affidavit is written by the homeowner to a lender. It is a required step in the loan modification process. In other case, if the homeowner retains a lawyer, so the lawyer can help in the writing process and include the letter with other financial information. When the homeowner writes a hardship affidavit, the homeowner have to convey or give information why the homeowner has late on payments and how the homeowner will sustain his or her payments moving forward. These are two essential pieces of information which is the homeowner include on a hardship affidavit.
Based on the research also, there are a few simple steps which have to do to write a successful hardship affidavit. So do it if you want to make a successful hardship affidavit. First limit the letter to one page and it is only include pertinent information relating to the case. Then be specific with your request. Validate your letter that you are really experiencing a financial hardship and need help. You can tell your financial hardship such as loss of income, military service and medical expenses or illnesses and divorce or separation.
In this opportunity we will talk about Nationstar hardship affidavit form. What is Nationstar hardship affidavit form? Let’s learn about Nationstar hardship affidavit form. Nationstar hardship affidavit form is the letter where you state the nature of your financial difficulties and any other reasons for requesting mortgage assistance. If you are a customer of Nationstar Mortgage and you having a financial hardship and you need a help, as soon as you must complete and submit Nationstar hardship affidavit form for foreclosure prevention options under the Making Home Affordable (MHA) program. You must provide information about yourself and your intentions to keep or transition out of your property.
In Nationstar hardship affidavit form you have to include information about your name, your property street address, property city ST ZIP, servicer, and your loan number. The information of the hardship can prevents you from paying your mortgage. In Nationstar hardship affidavit form you have to also explain the Information about your income whether your income has been reduced or lost. Like as unemployment, underemployment, reduced job hours, or a decline in self employed business earnings. Then you can give information that your household financial circumstances have changed. Like as death in family, serious or chronic illness, permanent or short term disability. Besides that you can also give the information about the expenses have increased and tell other reasons you cannot make your mortgage payments. Maybe just it the explanations about Nationstar hardship affidavit form. Hopefully the information about Nationstar hardship affidavit form can benefit for you, especially for you who having the financial hardship. For further information about Nationstar hardship affidavit form you can visit on their official website in www.nationstarmortmtg.com or you can contact Nationstar Mortgage by call at 888-480-2432.