In the 2008, a citizen named Dan Bailey had plenty of publicity getting creating an adversity letter in order to Countrywide’s president, Angelo Mozilo, looking to result in the financial institution to accept that loan modification. One to e-shipped letter–and you can Mr. Mozilo’s response–turned really public when Mozilo added some uncharitable statements immediately after which inadvertently struck “reply all” as opposed to “pass.” But provided you to letter exists, it has to act as an example of exactly how to not generate home financing modification hardship page. This is how to cease exactly what Bailey performed.

I have been struggling to build business because all of my funds was supposed towards trying to make my personal mortgage costs

I am writing that it letter to describe my personal sad number of products which have caused me to end up being delinquent on my financial. (more…)