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Sample Hardship Letters

For anybody looking for a hardship template for a hardship letter look no more. You will find here below a basic template which can be customized to fit your requirements. A hardship letter can be used to apply successfully for a modification of a loan and hold the process of foreclosure.

Soonest you realize that you are behind payments of your monthly mortgage and fear that a foreclosure could be coming up, you need to call or visit your financial institution with whom your mortgage is. It is likely that you will be asked to write a hardship letter so that the foreclosure can be stopped. This type of letter also acts as a letter to do a short sale on your house.This type of letter is your personal coercion on the bank , inform them of what happened that your unable to pay your instalments and what caused it. Doing this sounds easy. In a hardship letter there is a lot more than just pleading with them to hold the foreclosures. When applying for a loan modification you need this letter as it is an important factor. This is the time you have to appeal to the bank to end the foreclosure process of your home and endorse the loan modification.

This is the simple hardship letter.

Name: Should be your full name as it appears on your papers for the mortgage.

Indicate the location where the mortgage.

Financial institution’s name: Enter it here.

Your loan number: Enter your mortgage number as it appears on the papers.

To Whom It May Concern: Enter the name of the person or firm that is mitigating for you.

The purpose of this letter is to let you know what happened that we are unable to pay our mortgage payments. Regardless of our efforts to pay the mortgage we realize we are still very far behind. We hope you will help us by approving our loan modification. We will really appreciate if there is anything that you can do within your means to help us.

The reason behind our inability to pay the mortgage payments in a timely manner is, (state your reason here precisely and clearly.

If the loan modification is approved many of us will benefit. We know we will be able to continue paying our mortgage but we request you to work with us so that we can reduce the monthly payments and we are allowed to stay in our home until then.

We are hopeful that you will help us and remain waiting for the way forward on this matter.

End the letter with your signature, your full names and the date.

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