I sent the letter below to Homeq and no one responded, instead I received a letter of intent to file foreclosure and notification that my interest rate will be increase in March. My house is on the market and I have submitted document for short sale, again no one responded.
I am writing this letter to explain my unfortunate set of circumstances that have caused me to become delinquent on my mortgage. I have done everything in my power to make ends meet but unfortunately I have fallen short and would like you to consider working with me to modify my loan. My number one goal is to keep my home until it is sold, and I would really appreciate the opportunity to do that. I am requesting that you review my financial situation to see if I am qualifying for any workout options.
The main reason that caused me to be late is financial difficulties created by medical bills, specifically physical therapy from a recent surgery, too much debt, and the increase that was added on the mortgage because of the recent adjustable rate. Soon after being late, I realized that my income will not be nearly enough to pay the monthly bills.
As a result, I am now trying to avoid foreclosure on this property. It is now obvious that I will not be able to pay what is owed to Homeq or the other lenders. It is my full intention to pay what I owe, but at this time I have exhausted all of my income and resources so I am turning to you for help. I would appreciate if you can work with me to lower the delinquent amount owed on the payment so we can keep our home and also afford to make amends with your firm
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