Author: sample

A hardship letter is especially needed in the world of business and mortgages. It is something that is used by a client to appeal for another chance to a mortgage company. Moreover, it is an honest description of how you came to be in your unfortunate situation. Below is an example of a simple yet precise hardship letter.

August 22, 2009

Michael James

32 Down Street, Royal Oaks

Chicago, Illinois

Loan number: 09867857

Dear Mr. Johns,

My name is Michael James and I have been paying the mortgage for our home at 32 Down Street, Royal Oaks for four years now. I am writing to you to give my reason on why I have fallen behind my monthly payments for my mortgage.

Three months ago, my youngest son got very ill and the insurance company won’t cover the chemotherapy fees. What was left for me to do to keep up with my son’s treatment was to use our family’s extra financial aid and the money I had set aside for paying mortgages.

I have sold a parcel of land that I have inherited from my parents last year. The earnings I acquired from it shall be forwarded to your companies account. Once again, I am sorry for the delay in payments and I hope you would accept my reason for such incompetency.

Thank you and I wish you all the best.

Michael James

Download Hardship Letter

The essence of writing a hardship letter is truth and perseverance. Here is a sample of a hardship letter that can guide you with your financial hardships.

August 24, 2007

Name: Lois Glenn

Address: 34 Worse Ave., Houston, TX

Mortgage Company: EES Mortgage Company

Contact no.: 123-4567

To Whom It May Concern:

I am writing to explain for my delinquency in paying my mortgages for the month of June and July. I have not kept up with my financial obligations with your company because my father died two months ago. His death has caused depression to my mother and I have no choice but to stop working and care for her.

Fortunately, my mother is currently undergoing therapy and I can now resume work. I will send my payment for the two months that I owe next week. Once again, I am sorry for the delay and Godspeed.

Respectfully,

Lois Glenn

Download Free Hardship Letter

Here is an example of a foreclosure hardship letter.

August 3, 2008

Name: Maria Smith

Address: 123 Wherever St., Baltimore, MD

Contact no: (123) 345-6789

Mortgage Company: B & B Mortgages

Loan no.: 123-45678

To whom it may concern:

I am contacting you today to explain the reason on why I have fallen behind my mortgage payments. Although I have done everything to makes ends meet, I am still short with the money I owed to you. I would greatly appreciate it if you would grant me a loan modification.

My delinquency is caused by my recent loss of job. With this regard, I am indeed having a hard time keeping up with my home’s mortgage. My home is an important part of my life and I wish to work with you to avoid its foreclosure. I am eager to reach an agreement and would appreciate your timely response.

Thankfully and Respectfully,

Maria Smith

Download Foreclosure Hardship Letter

With today’s economic crisis, it is recommended that you know how to write a hardship letter. This is a kind of letter that will help you out with delayed or modification of payments for a mortgage company. Here is a financial hardship letter template to guide you.

August 1, 2008

Name: Jade Dawn Love

Address: 54 Down St., Dallas, TX

Mortgage Company: Frinch Mortgages

Loan no: 34567-8756

Dear Sir:

I am writing this letter as an explanation for my delinquency in paying my mortgages. The main reason that caused me to be late in paying your company is my relocation to Chicago two months ago. I have been too preoccupied with relocating that I almost forgot about my financial obligations with your company.

I will be sending my payments through your company’s bank account. I am sorry for my delay and I can assure you that it will not happen again.

Sincerely and respectfully,

Jade Dawn Love

Download Financial Hardship Letter Template

Hardship letters are necessary especially for extreme financial instability. Here is an example of a hardship letter that can help you deal with your Mortgage Company or bank.

August 23, 2009

Harry Rowe

345 James Avenue, Phoenix, AZ

(123) 234-999

Mortgage Company: EZ Mortgage

Loan no.: 999999-0000

To Whom It May Concern:

I am writing this letter to explain why I have fallen behind my payments. The main reason for my delinquency is my failed business. My situation has led me be financially drained and I have used up all my assets to cover my damages. I am doing my best to be financially stable again but as of now, I believe that I am almost reaching extreme poverty.

I am fully aware of my monetary obligations with your company. I hope that you could understand my situation and adjust my loan. I will pay it as soon as I can recover from financial crisis.

Sincerely,

Harry Rowe

Download Extreme Hardship Letter

Writing a hardship letter is necessary especially if you are caught with an economic crisis. Here is an example of an economic hardship letter.

August 23, 2008

Joanna Rends

123 Ford St., Houston, TX

(123) 456-2345

Dear Sir/Madam:

I am currently in a financial hardship due to a failed business, which I closed last month. I have not been able to pay you because my income has dropped since my business started failing on June 2009. With this regard, I can no longer keep up with the terms of the original loan.

I have been a loyal costumer of your company for the last four years and I would like to ask for a loan modification option. I am confident that my situation is temporary and will soon be able to make full payments again.

I would gladly appreciate any help you could provide me. Please feel free to call me if you wish to set an appointment regarding my account.

Sincerely,

Joanna Rends

Download Economic Hardship Letter

Here is a simple example of a hardship letter for a deed in lieu of foreclosure.

August 24, 2009

Name: Lloyd Fleming

Address: 11 Fry St., Annapolis, MD

Account no.: 009877564535432

Dear Sir:

I am writing today to ask for a leniency plan for a loan modification to help me get my mortgage out of foreclosure. I can no longer afford my payments because of my ongoing divorce, which caused a significant change in my financial stability since I bought my estate last July 2008.

My property is located in 45 Forks St, Annapolis. The taxes have obviously increased and my property’s values have decreased. There has been 4 foreclosure on my street and I’m afraid that my property is going to be next.

I hope that we could make some arrangements regarding my loan. Please feel free to contact me anytime for an appointment regarding my relationship with your company.

Respectfully yours,

Lloyd Fleming

8/24/09

Download Deed In Lieu Of Foreclosure Hardship Letter

A deed in lieu of foreclosure hardship letter is necessary if you cannot find a buyer for your house and you want to give its keys to the lender.

August 24, 2008

Name: John Doe

Address: 67 Reeds St., Columbus, OH

Contact no.: 123-5677

Dear Sir:

My loan number is 56677-999 in arrears. I have not been able to make my payments for my loan for the last 3 months and I have finally decided to bring my house up to the market. I have done so because I can no longer keep up with the payments due to loss of income. If you have some questions about my property please contact my agent at 555-7896.

I have enclosed an explanation of hardship form as well as a borrower’s financial statement. I am ready to execute a deed to RS Inc. I believe that my action is of best interest to everyone concerned.

Respectfully,

John Doe

8/24/08

Download Deed in Lieu Hardship Letter

Handling debts is not an easy job. One way to soften your difficult situation is by writing a hardship letter.

August 24, 2009

Name: Rhea Rose

Address: 67 Jake Road, Cottonwood, AL

Mortgage Company: Try Mortgage Company

Account no.: 123445-999

Dear Sir:

My extreme debt is the reason why I am writing you this hardship letter.  This year has been a wild ride for me because I have been caught up with a series of very unfortunate events following my loss of job.

I am currently starting a new life by working online. Although I am only earning less than $2000 a month, I am doing my best to pay my debts to your company as well as to other companies that I am in debt with.

I hope that we could work out a plan to modify my loan for this quarter. Thank you very much for taking a moment in reading my letter.

Respectfully,

Rhea Rose

8/2/08

Download Debt Hardship Letter

Credit card hardship letters are needed for credit card debt settlement. Here is an example of a credit card hardship letter.

August 23, 2009

American Express
P.O. Box 981540
El Paso,
TX 79998-1540

Re: Hardship Letter

I am writing this letter to inform you of my current financial instability and to ask for a forty to fifty percent settlement of my balance. My financial crisis is due to my loss of income last June 2009.

With the high interest charged, I’m afraid that I can no longer keep up with my credit card payments of $500 per month, which is the minimum due. I would appreciate it if we could make settlements regarding my minimum monthly payments.

I have enclosed my financial statements and documents proving my current hardship. if you wish to further discuss my settlement offer please contact me at your convenient time at (123)456-9999.

Thank you very much for your time.

Respectfully,

Hannah Roads

Account no.: 1234567811

Download Credit Card Hardship Letter