With the stimulus package, banks are actively seeking to help homeowners with their financial situation by offering loan modifications. Banks will actually receive $1,000 from the federal government for each successfully completed loan modification. In this way, both sides, the bank and the homeowner, can benefit in this dire economic time.HSBC is one the banks participating in this program. If you are a homeowner facing foreclosure you may qualify for a loan modification. Below are important points to keep in mind when applying:When you run into financial difficulty, write a hardship letter explaining why you are having trouble with your monthly mortgage payment. Your letter should contain the reasons why you cannot keep up with your…


Source by Bryan Hendersen