Example #3 of Hardship Letter

Evan Bedard

Call 1-800-779-4547
Loan Safe Mortgage
Aug 26, 2007
18,837
48
48
San Diego, California
www.LoanSafe.org
Below you will find an example of a hardship letter:


Date

Lender Name

Address

City State, Zip

Re: Loan Number(s)

To Whom It May Concern:

The purpose of this letter to explain the unfortunate set of circumstances that have led to my mortgage delinquency (or proposed delinquency – if not late yet). After exhausting all of my resources, I have but one avenue left, and that is to appeal to you for a mortgage loan modification. I believe this would be a tremendous relief in my situation in that it would allow me/us to affordably keep the home I/we/my family love(s).

The main reason that caused me/us to be late is (insert reason here and don’t be too lengthy or too vague. Please be sure to indicate the type of loan you have, if it is going to adjust, or has already adjusted, especially note if this is what created the hardship). This has caused me to become further and further behind. I am not in the position to refinance due to loss of values in the real estate market.

(Insert the approximate date of hardship and clarify if your situation is Temporary or will be Permanent.)

By obtaining a loan modification, I feel confident that I will be able to maintain my mortgage, and pay on the loan that has been afforded to me. I hope you will consider working with me/us on this matter.

Sincerely and Respectfully,

(Borrower’s Signature)
(Co-Borrower’s Signature)


Please go to the next post to download a copy of this letter.
 

Evan Bedard

Call 1-800-779-4547
Loan Safe Mortgage
Aug 26, 2007
18,837
48
48
San Diego, California
www.LoanSafe.org
Please click on the attachment to download a copy of this hardship example.