So, what is a Hardship?
Here is an example list of hardships that lenders consider during the loan workout process:
Reduced Income Due To:
Increased Cost of Living Due To:
Other (Must Specify)
There must be a justification for your Hardship, so at least one of the following Hardship conditions must be Explained by something from the list above in order to qualify for the Home Affordable Modification Program:
I have at least one Hardship and have explained it with at least one of the Explanations above. What's next?
I don't have a Hardship, so this doesn't look like my solution.
If you would like to do your own loan modification, and would like to be ahead of the game, the information available here can save you a lot of confusion and the headaches associated with making a mistake.
If you have any questions about loan modification that haven't been addressed on this website, please drop us a note.
If a Loan Modification doesn't look like your solution, go here.