“Sample Hardship Letter
Please keep in mind that this is just a basic sample hardship letter. While it provides a solid base, you would be doing yourself a huge disservice by deciding to go through this process alone. Please visit ShortSaleHardship.com for a professionally written help guide.
Name: (Your Name)
Address: (Your Address)
Lender Name: (Your Lender)
Loan #: (your Loan #)
To Whom It May Concern:
I am writing this letter to explain my unfortunate set of circumstances that has 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 with us to modify our loan (or accept a short sale). We would really appreciate the opportunity to work with you on this matter.
The main reason that caused us to be late is (insert your reason here and be concise and to the point). With our income not being nearly enough, we had fallen further and further behind. It is our full intention to pay what we owe. However, it’s now to the point where we cannot afford our current payments. We have exhausted all of our income and resources so we are turning to you for help.
(State the approximate date and circumstances of your hardship and whether or not your situation is temporary or will be permanent.)
We feel that a loan modification (or short sale) would benefit us both. We would appreciate if you can work with us to lower the monthly payment so we can keep our home and also afford to make amends with your firm (or agree to a short sale).
We truly hope that you will consider working with us and we are looking forward to settling this so we all can move on.
Sincerely and Respectfully,