On April 6, 2009, the Fosters Daily Democrat reported that record that New Hampshire is currently "facing some of the most difficult economic times in recent history". People in New Hampshire are being forced to choose between paying their mortgages and heating their homes. Increasingly, state and Federal government officials are putting pressure on the banks to modify loans in response to homeowner's modification requests.
The big unknown for the coming months is President Barack Obama's plan to help up to 9 million borrowers avoid foreclosure through refinanced mortgages or modified loans. Banks in Mew Hampshire have shown an increasing willingness to consider requests by homeowners for loan modifications or short sales. By submitting requests to their lenders for reduced interest rates or permission to sell homes for less than the balance of their loans, homeowners can avoid the devastation of foreclosure. However, many homeowners remain unaware of these options, and run the risk of losing their homes that they might otherwise have been able to save. The forms required to request modification are easy to use, and offer the hope of saving a home that might otherwise be lost to foreclosure.
New Hampshire Homeowners interested in requesting mortgage modifications can download the required Mortgage Modification Request Kits for submission to their lenders. Homeowners seeking their lenders approval of short sales can download Short Sale Request Kits With minimal effort, many homeowners in New Hamshire can stop foreclosure of their homes.