Mortgage Hardship Letter Sample

Here are the 5 most popular hardship letters.

Mortgage hardship letter sample. We have lived in our home for over 20 years and we want to work hard and keep it. Explain any special hardship circumstances. Hardship letter to prevent eviction. A business that has failed or is suffering from economic slowdown.

Hardship letter due to illness. Reduction on income such as reduction in wage or loss of overtime. To whom it may concern. Start by stating the purpose of your letter whether it s a loan modification or a short sale so your lender knows what you want.

And always keep a copy of the letter you send for your records. This letter is to support our application for a loan modification plan that will help us to get our mortgage payments back on track with an affordable mortgage. Reviewing a sample hardship letter. As you are aware we are currently 5 months behind on our mortgage payments.

Prison transfer hardship letter. Hardship letter to judge. Therefore i am writing this letter to request your assistance with helping us work through a loan modification. Imprisonment of one of the household s wage earners.

The letter should be succinct and not more than one page. Hardship letter for loan modification. While we are behind on our payments we have a strong desire to keep our home. I am writing this letter to explain my unfortunate set of circumstances that have caused us to become delinquent on our mortgage.

We have done everything in our power to make ends meet but unfortunately we have fallen short and would like you to consider working. You should keep your hardship letter short one page is plenty. Underline the most important points including the terms of your current loan the total deficiency amount if any the date on which the trouble began anything you ve done to resolve the problem and so on. Tell your story briefly but including important.

Since it is a formal document and will become part of the borrower s and lender s permanent file it should be written in formal business style and sent by certified mail. Always date your letters. It should say something like i need to restructure my mortgage and obtain a lower fixed interest rate in a way that compels them to find out why.