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EMC Mortgage Corporation is a subsidiary of JPMorgan Chase & Company and is headquartered in Lewisville, TX. This division is specialized in offering residential loans.

EMC Mortgage Corporation reported of servicing over 480,000 loans in the end of 2008 and is taking very effective steps in offering loan workout programs to those in need. EMC usually approves those modification cases in which borrowers are having financial difficulties or have got very high loans.

An EMC loan modification usually takes 15 days for processing and about 30-45 days for negotiating and approval from the borrower. Hence it can take anywhere from 2-3 months for a complete loan modification case. While in a loan modification process, the foreclosure proceedings are stopped by EMC and the foreclosure will be avoided and postponed.

EMC has developed a team to help its troubled borrowers which is called the Mod Squad and the team specializes in helping borrowers by modifying their terms and offering them reduced payments and affordable rates.

To qualify for an EMC loan modification you should have a stable source of income and a reason for hardship which can be justified. For those who are behind on their payments or have adjustable rates are more favourable candidates for a loan modification. If your house is under foreclosure, EMC loan modification program can help you to stop it and enable you to keep your home.

At New Life Inc. we will help you to write effective and convincing loan modification hardship letter to EMC. We will guide you on what you should and shouldn’t write in a hardship letter to EMC in order to get them convinced and accept your application for a modification.

Usually, a hardship letter is written to the lender in order to explain them why you are facing trouble and financial difficulties in making your mortgage payments and also to request them to modify the terms of your mortgage in order to make the mortgage more affordable.

To know how to write a convincing and effective loan modification hardship letter to EMC call our experts at our Toll Free Help line number at 1-866-978-6305 or fill our online application for getting a call in seconds.