Mortgage Hardship Letter Sample

We have done everything in our power to make ends meet but unfortunately we have fallen short and would like you to consider working. To whom it may concern. 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.

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35 Simple Hardship Letters Financial For Mortgage For

Hardship Letter Template For A Loan Modification Request Lettering

Hardship letter for loan modification.

Mortgage hardship letter sample. Prison transfer hardship letter. A business that has failed or is suffering from economic slowdown. Explain any special hardship circumstances. The letter should be succinct and not more than one page.

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. Reduction on income such as reduction in wage or loss of overtime. Following are some of the hardship that lenders generally consider.

Hardship letter to judge. 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. Therefore i am writing this letter to request your assistance with helping us work through a loan modification. And always keep a copy of the letter you send for your records.

I am writing this letter to explain my unfortunate set of circumstances that have caused us to become delinquent on our mortgage. Here are the 5 most popular hardship letters. We have lived in our home for over 20 years and we want to work hard and keep it. Always date your letters.

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. Reviewing a sample hardship letter. While we are behind on our payments we have a strong desire to keep our home. Hardship letter to prevent eviction.

As you are aware we are currently 5 months behind on our mortgage payments. Sample hardship letter mortgage bank foreclosure short sale delete any information that is not relevant to your case. Tell your story briefly but including important. Hardship letter due to illness.

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. Below is a sample mortgage hardship letter. Imprisonment of one of the household s wage earners.