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Hardship letters are sent to creditors to explain payment delinquency and financial situations. Here is an example of a hardship letter to creditors.

August 23, 2009

Name: Tara Banks

Address:  11 Fareway Avenue, Tucson, AZ

Mortgage Company: L Mortgage Company

Loan no.: 345-00000

To Whom It May Concern:

The economic downturn has caused my company to reduce its workforce and I was unfortunately laid off. I struggled for a few months to keep up with my mortgage payments and was also affected with a bad health.

I am temporarily unemployed and my financial status cannot support a home mortgage of $750 a month. I want to keep my home, avoid foreclosure, and save my credit. I would appreciate it if you could help me in avoiding foreclosure and keep my record clean. I will do whatever you suggest to help me keep my home.

I am aware of what I owe and am applying for jobs from various companies.

Respectfully,

Tara Banks

8/23/09

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One has to learn how to write a hardship letter in cases of financial problems. Here is an example of a hardship letters to a lender.

Name: Kenny Abel

Address: 127 York St., Chicago, IL

Mortgage Company: Yes Mortgage Company

Loan no.: 000000-123

Dear Sir:

I am writing this letter as a reply to your letter of notification for my due payments last week. I apologize for not having been able to resume payments because as of now I am in so much debt. My delinquency in paying my mortgages is due to the failure of my real estate business 3 months ago.

I am getting back on my feet and I am starting a new life in order to be financially stable again. I hope that you could consider working with me in a workout option for my loan so that I could gradually pay what I owe to your company.

Sincerely,

Kenny Abel

8/24/09

Download Hardship Letter to Lender

One of the most important documents that mortgage companies require for their clients during a loan workout is a hardship letter. This letter acts as a written explanation as to why you have fallen behind form your mortgage payments. Below is an example of a hardship letter to a mortgage company.

August 22, 2009

Name: Mark Randal

Address: 43 Roads St., San Francisco, CA

Mortgage Company:  Mortgaging Co.

Loan no: 234567-7655

Dear Sir:

I am sorry for delaying my mortgage payments. I have not kept my financial responsibility to your company because I recently had a very costly divorce. All of my assets were almost lost due to my unfortunate event. However, I have slowly recovered from financial depression and have found a good paying job to help me recover what I have lost. With this regard, I am happy to tell you that I can gradually pay off my mortgage if you agree to help me workout my loan.

Sincerely,

Mark Randal

8/22/09

Download Hardship Letter to Mortgage Company

Hardship letters can work for stopping foreclosure of your precious home. Here is an example of a foreclosure hardship letter.

August 23, 2009

Jade Morrison

78 Rounds St., Miami, Fl

Loan number: 12345-999

To whom it may concern:

I am writing this letter to explain my reason for not being able to keep up with my mortgage payments. My number one goal is to keep my home and I have done everything I can to stop its foreclosure. Unfortunately, the money that I have produced was not enough to pay you.

The major reason of my delinquency is my loss of job two months ago. I have every intention to pay you what I owe but as of this moment, I am financially exhausted. I am currently working as a store manager at a local grocery store and I would appreciate it if you could help me modify my loan.

Respectfully yours,

Jade Morrison

8/23/09

Download Hardship Letter to Stop Foreclosure

Hardship letters can help convince your lender to accept a loan modification agreement. Here is an example of a hardship letter for loan modification.

August 23, 2009

Name: Greyer Romes
Address: 19 Harvey Street, Juneau, AK

Contact no.: (123) 234-5678
Mortgage Company: M & L Mortgage Company
Loan Number: 123-5678

To Whom It May Concern:

I am writing this letter to state the reason for my mortgage payment delinquency. The reason for my delay in payment is high medical bills. Unfortunately, my health insurance did not cover my excess medical costs. This is why I was forced to spend the money I had set aside for my mortgage payments to cover up my bills.

Luckily, I have already recovered from my illness and have resumed work. However, I would appreciate it if you could help me make modifications for my loan to slowly keep up with my financial obligations.

Thankfully and Respectfully yours,

Greyer Romes

8/23/09

Download Hardship Letters for Loan Modification

What is a hardship letter?  This is a kind of letter written for mortgage companies. This is specifically made as a form of workout for due payments.  Hardship letters usually work with collection agencies in cases of accepting partial payments or getting lower percentage of payment. It can also function as an apology for delayed payments. What does a hardship letter contain? Its usual content chiefly includes an explanation as to why payments cannot be continued. The most common explanation is not being able to pay due to loss of job or illness.

Writing a hardship letter is quite easy. However, before starting to write one, it is crucial to make a list of things that you would want to say. Make sure that you separate feelings from facts. Always see to it that you arrange the events that led to payment failure in chronological order. After doing so, start by writing your name, address, Mortgage Company, and loan number at the very top of the document. Then, create a brief and straight to the point opening statement. After making your opening statement, make a short and brief narration of your financial difficulties as well as a way of coping up your hardships. Finally, you should provide an oath of truth, which is followed b y your signature. If you have a co –borrower you could also include his/her signature below yours. One last thing to put in mind when writing a hardship letter is by making it a presentable document.

Download How to Write a Hardship Letter

Hardship letters are also very necessary for those who have problems with the immigration. Here is a sample of a hardship letter for I 601.

August 24, 2009

Name: Glenn Rowe

Address: 88 Grey Avenue., Houston, TX

To: Department of Homeland Security
U.S. Citizenship and Immigration Services

Applicant: Mario Rowe

Application for Waiver of Grounds of Excludability (I-601)
Claim of Extreme Hardship for U.S. Citizen (Son)

To Whom It May Concern:

I am a U.S. citizen urging pressing the immediate waiver of Grounds of Excludability (I-601) for my son Mario. Our separation is an immense hardship on both our parts and I have longed to be reunited with him for over ten years. I have sent similar letters of hardship before and it has not worked in convincing your agency regarding my plea.

I hope that you will finally be convinced of my request because I am getting older and my days are numbered. Seeing my only son is my only request before I finally retire in this world.

Respectfully yours,

Glenn Rowe

Download I 601 Extreme Hardship Letter

Immigration hardship letters should focus on your will to live in another country. It should be straight to the point and not too lengthy so as not to waste the reader’s precious time.

RE: 123455-09999

Applicant: Maria Munoz

Application for Waiver of Grounds of Excludability (I-601)

Claim of Extreme Hardship for U.S. Citizen (daughter)

I am a US citizen who is pressing the urgent waiver of Grounds of Excludability (I-601), so that my daughter Maria can join me in Sacramento, California as soon as possible.

Unification between family members is an important aspect for most of us. I believe that my honest and hard life in the U.S has made me become a citizen with values and morals of which I can soon share with my daughter.

I wish with all my heart that you could accept my simple letter as way to reunite me with my daughter again.

Respectfully,

Anna Munoz,

8/24/09

Download Immigration Hardship Letter

If you have problems with the IRS, you can always write them a hardship letter. Here is an example of an IRS hardship letter.

August 24, 2009

Name: Terry Hart

Address: 34 Haycorn St., Tucson, TX

Contact no.: (123) 456-7777

RE: CP 14 balance due notice

To Whom It May Concern:

I am writing this letter as a reply to the notice you sent me last week regarding my underpaid tax. I was not able to pay my taxes recently because of a hardship that I am currently experiencing due to high medical bills.

I may be able to pay as soon as I can establish a good health and resume working. I would gladly appreciate it if we could meet and work things out regarding my situation. Please contact me on my home phone number (456-7890) if you wish to have an appointment with me so that I can be fully prepared with handling the situation.

Respectfully,

Terry Hart

8/24/09

Download IRS Hardship Letter

With a hardship letter, you could possibly make your way out through a financial crisis. Here is an example of a loan hardship letter.

August 24, 2009

Name: Wendy Rue

Address: 56 York Avenue, Columbus, OH

Contact no: 123-4567

Mortgage Company: YLS Mortgages

Loan no.: 88888-009

To Whom It May Concern:

I apologize for not being able to settle the payments due for my loan this month. I have been caught in the middle of a financial crisis caused by ill health and high medical bills. I have been diagnosed with breast cancer two months ago and since then my hospital bills have been piling up.

I appreciate if you could help me on a workout plan for my loan so that I can keep up effectively with my other financial obligations. I have attached a medical certificate and a proof of billing from the hospital to prove my claims.

Respectfully,

Wendy Rue

8/24/09

Download Loan Hardship Letter

If you cannot keep up with medical bill payments, a medical hardship letter can help you ease your financial difficulties. Here is an example of a medical hardship letter.

August 23, 2009

Name: Riana Davis

Address: 44 Hay Street, Nashville TN

Contact no.: (009) 345-6789

Mortgage Company: West East Mortgages

Loan no.: 7777-9999

To Whom It May Concern:

I am writing this letter as ask you to help me extend my loan. The reason for this is my recent heart surgery, which caused me beyond what my health insurance could cover. My life’s savings is not enough to pay my medical bills, which is why I need a loan modification.

I have a good record with your company and I intend to keep it. I wish that we could negotiate for my loan extension. If you wish to see me about my request feel free to contact me anytime for an appointment.

Respectfully,

Riana Davis

8/23/09

Download Medical Hardship Letter

If you have missed out mortgage payments, the first communication you need to relay to the bank is a hardship letter. It is a basis of future negotiations with the mortgage company.

August 23, 2009

Name: Ali James

Address: 23 Hard Street, Miami, FL

Contact no.: (123) 456-7890

Mortgage Company: H Mortgages

Loan no: 12345-678

Dear Sir:

I have been required to write this letter of hardship to explain for my delinquency in paying my mortgages. I have fallen behind my payments because I still haven’t found a new job.

I am fully aware that I owe your mortgage company but I will do my best to settle my accounts the earliest time possible. I hope that you could help me with any loan modification options to make me cope with my financial problems at an earlier time span. Please contact me if you wish to set an appointment with me concerning my loan modification plans.

Respectfully,

Ali James

8/23/09

Download Mortgage Hardship Letter

A hardship letter can help save the foreclosure of your company. here is an example of a pre-foreclosure hardship letter.

August 23, 2009

Name: Hazel James

Address: 58 Fort Street, El Paso TX

Mortgage Company: EHL Loans

Loan no.: 9999-0000

To Whom It May Concern:

I am writing this letter to explain my delinquency in paying my mortgages and to help save my beloved home. I have fallen short on my payments because I was caught in the middle of a divorce. My divorce has left me to be financially unstable and I am trying to meet ends meet.

I have now exhausted all my income, which is why I am asking your help to lessen my financial problems. I would appreciate it if you could work with me by agreeing to short sale on my property. I do not want to have my home foreclosed and truly hope that you would consider my proposal.

Sincerely,

Hazel James

8/23/09

Download Pre-Foreclosure Hardship Letter

Hardship letters can sometimes be your chance of keeping your home or your property. It serves an important purpose especially if you cannot cope up with due payments to a mortgage company or to a bank.

August 23, 2009

Name: Maria Emille

Address: 78 Oaks Street, Sacramento, CA

Mortgage Company: Glenn Mortgages

Loan No: 234566-888

Dear Sir:

I apologize for my delinquency in paying my mortgages for the past two months. I am having problems making my monthly payments because of financial difficulties aggravated by my lost my job. I am humbly requesting that you review my financial situation to see if I can qualify for a workout option.

I believe that my situation is temporary and I hope that the option that you can give me will suit my financial status.

I, Maria Emille, state that the information provided above is true and correct to the best of my knowledge.

Maria Emille

8/23/09

Download Sample Hardship Letter

Below is a sample of a simple short sale hardship letter that makes or breaks your chances of selling your home as a short sale.

US Mortgages

32 Saints Avenue, Tampa, FL

(234) 456-6907

August 23, 2009

RE: Request for short sale for 12 Hans Street, Tampa Fl

To whom it may concern:

I bought my home at Saints Avenue May of last year. During that time, B & B Holdings employed me as an accountant and business was very good. My salary made sure that I could fully support my mortgage. Unfortunately, the economic downturn led B & B Holdings to be bankrupt.

I really love my house but I can no longer afford paying its mortgage this is why I am selling it quickly. I believe that a foreclosure on my record will affect my future, which is why I am asking your help to avoid it.

Sincerely,

Anna Pairs

34 Area Road, Tampa FL

(123)345-6789

Download Short Sale Hardship Letter

One way to help you settle your payments for a student loan is by writing a hardship letter. Here is an example of a student’s loan hardship letter.

August 24, 2009

Name: John Alberts

Address: 77 Yak St., Montgomery, AL

Creditor: Yale University Student Loan Billing

Account no.: 122345-88

To Whom It May Concern:

I am writing this letter to explain my delinquency in paying my loan due last month. My delinquency was caused by my parent’s delay of sending me money. There delay was caused by my father’s ill health, which led our family into financial instability.

I am a straight A student for the past two years and I don’t want to lose every chance for a good future with your prestigious university. I would gladly appreciate it if you could help me modify my student’s loan for this semester.

Please contact me if you want to discuss my loan’s payments plans. Thank you and Godspeed.

Respectfully,

John Alberts

8/24/09

Download Student Loans Hardship Letter

Hardship letters are vital documents. Hardship letters are not just any kind of letter that you send to just anyone. It is very much needed for people experiencing financial hardships or instabilities. This is why it is important to know how to write one because you will never know when the hardships in life will come. There are tips on how to write a hardship letter that can convince lenders or creditors. However, before writing it is best to know and understand its purpose which is explaining your hardships to a mortgage company, a bank, or an immigration agency.

What should be included in a hardship letter? It should essentially contain the reason for your missed payments or loan renegotiation. You should also include what agreements you want to settle with the mortgage company or the bank. It is always best that you briefly explain the circumstances that led to your inability to pursue your financial obligations. Always put in mind to include in the letter a solution to your problem.

Writing a hardship letter that can work with any lender is so simple.  The only thing that you have to keep in mind while doing it is by keeping it personal. Never lie on your hardship letter and always provide a proof of your current financial situation such as a medical bill or a financial statement. The thing that you should observe in your hardship letter is that you should keep it brief, straight to the point, well detailed, and convincing.

Download Tips on Writing a Hardship Letter

Hardships letters are requirements to clients of most mortgage companies. This is required before you or other clients will be considered for possible workout options. Hardship letters can provide you with a chance to appeal to the mortgage company for another opportunity to make transactions with them.

Here is an example of a financial hardship letter.

August 22, 2009

Name: Arianne Jones

Address: 35 Forth White St., Sacramento, California

Mortgage Company: Mortgage for You

Loan Number: 123456768-9886

Dear Sir:

I humbly request your time to review my financial situation to ensure if I am eligible for a workout option.

I have fallen behind my monthly payments due to extreme financial difficulties caused by my recent unemployment. I was one of the thousands of workers laid off due to today’s economic crisis. However, I am happy to say that I have found a job as a store manager and will be able to resume paying my home’s mortgage immediately.

I, Arianne Jones, state the information above is true and correct.

Arianne Jones

Download Writing a Financial Hardship Letter

Financial problems are some of the many crises that most people try to ignore. However, these problems are hard to put behind because they are inevitable. When you experience this kind of problem, it is best for you to be equipped with the knowledge of writing a letter of hardship.

Here is an example of a letter of hardship.

August 22, 2009

Name: Roxanna Jameson

Address: 32 Sunny St., Irwindale, CA

Mortgage Company: Mortgage Me

Loan No: 123456767-456

Dear Sir:

I am writing you this letter as an explanation for my delinquency in paying for my mortgages. I have done with all my power to makes ends meet but unfortunately, I have fallen short with my assets. The major reason that caused my payments to be delayed is my staggering medical bills. I am strongly hoping for you to consider working out my loan.

I believe that I can come up with a solution for this problem and will soon make ends meet again.

Sincerely and respectfully yours,

Roxanna Jameson

8/22/08

Download A Letter of Hardship

Hardship letters are useful documents especially for those who need to explain due payments or loans to mortgages companies or banks. Below is sample of a hardship letter for bank charges.

August 23, 2009

Name: Agnes Beans

Address: 45 Waldorf Avenue, New York, NY

Contact no: (035) 555-4567

Loan no: 34567-8999

Dear Sir:

I hereby apologize for not paying my overdue charges for my current loan. I was unable to pay the charges because I was so busy keeping up with my medical bills for the past two months. My health has also kept me from working for over a month which means that my income was cut short.

Since I am already doing well, I can already resume work. I believe that I can pay my overdue charges to your bank at the end of this month.

I, Agnes Beans, state that the information provided above is true and correct to the best of my knowledge.

Agnes Beans

8/23/09

Download Bank Charges Hardship Letter

If you are on a financial crisis and you had a loan with Chase bank, you can use a hardship letter to help with your ordeal.

August 24, 2009

Name: Manny Handy

Address: 13 Tea Avenue, Tampa, FL

Contact no: 123-4568

To Whom It May Concern:

I am I have been a loyal depositor of your bank – Chase Bank for five years and I am very much interested with your loan modification plan. I am struggling to meet my monthly payments for my loans because my working hours has been cut down along with my salary. I am having trouble on adjusting with my current financial status and on the verge of emotional and physical breakdown.

I hope you could understand my situation and help me on a workout option. Please contact me for an appointment so that we can discuss about available options that best suits me.

Respectfully yours,

Manny Handy

2/5/08

Download Chase Hardship Letter

Hardship letters are always effective documents that you can present to your bank in cases of financial instabilities. Here is an example of a hardship letter for Countrywide.

August 24, 2009

Name: B Reddy

Address: 57 York St, Miami, FL

Contact no: 123-4568

To Whom It May Concern:

I am humbly submitting this letter as an explanation for my financial hardship and credit situation.

I have been employed for 10 years as a supervisor in a department store and through those years, I have not incurred huge debts with your bank. Based on my credit reports, I have always paid on time and have maintained a clean record.

Unfortunately, I was laid off with my job two months ago and since then I have been struggling with my finances. I would be glad if you could offer me a workout option for my loan in your bank.

Respectfully yours,

B Reddy

5/24/08

Download Countrywide 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

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

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

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

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

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

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

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

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

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

Today hardships letters are becoming important documents especially when dealing with loans and mortgages. Financial hardship letters are written to a creditor for explaining the events of financial trouble. Many situations can require you to write letters of hardship. Below is a hardship letter format.

August 22, 2009

Name: Mario Consers

Address: 45 Jane Avenue, Chicago, Il

Mortgage Company: Yves and Yves Mortgages

Loan no: 9999-34445

Dear Sir:

This letter serves as an explanation as to why I have been delinquent with my mortgage payments to your company. The main reason for my financial negligence is the recent death of wife last July 22, 2009.

So far, I have slowly recovered from my unfortunate loss and gradually coping with all the medical bills from my wife’s hospitalization before her death. I would appreciate it if you could help me workout my loans to avoid foreclosure of my home.

Sincerely yours,

Mario Consers

Download Hardship Letter Format

Many situations can necessitate you to write a hardship letter for your mortgage problems. The most common situations include loss of job, divorce, death of spouse or a family member, relocation, medical bills, failed business, and reduced income.

Here is a simple example of a hardship letter that can help you with your mortgage problems.

August 22, 2009

Name: Marie Bonivie

Address: 45 Coal St., Tampa, FL

Mortgage Company: Real Mortgages

Loan no: 12345-7576776

Dear Sir:

I am sorry for the delay in payment for my mortgages. The reason behind my delinquency is my recent loss of job. Unfortunately, the company that I was working at has declared bankruptcy and I was left with no job and no source of income.

I am trying to make ends meet by opening a small business downtown. I am aware of my financial obligations and will do my best to pay my mortgages within this month.

Respectfully yours,

Marie Bonivie

Download Hardship Letter Mortgage

Hardship letters should be short, personal, clear, and concise. It should be able to give enough information for the reader to understand your situation. Additionally, it should also be respectful and thankful. Here is a template of a simple hardship letter.

August 22, 2009

Name: Mariah Kerryson

Address:  Apt. 5 Jones Ave., San Francisco, CA

Loan No: 234566-876

Dear Sir:

I am writing to inform you of how my unfortunate financial crisis has caused me to fall behind my payments. I have been trying hard to make ends meet; however, due to uncontrollable circumstances I have not been able to make timely payments.

The unfortunate financial crisis that led me to become delinquent with my payments is caused by my illness, which was diagnosed three months ago.

I have every intention to pay you what I owe but as of this moment, I cannot make the required payments. I have made some adjustments with my lifestyle to cope up with my financial obligations to your company.

Respectfully,

Mariah Kerryson

Download Hardship Letter Template

Financial hardship letters are letters that explain to an institution or a bank a lenders failing financial situation. If it is properly written, it can help a lender keep his/her mortgaged property. An effective hardship letter is one that is short, personal, informative, clear, and humble. Below is an example of hardship letter to a bank.

August 22, 2009

Name: Christine Valeria

Address: 45 Canes Avenue, Dallas, TX

Loan no: 7575774-333

Dear Sir:

I am writing this letter as an explanation for my delinquency in paying for my loans. This is due to my recent loss of job last June 22, 2005.

I am hoping for your help in working out my loan so that I can cope up with what I owe to your bank with the shortest possible time. I am fully aware of my financial obligations with your bank and I am doing my best to find a source of income for my financial responsibilities.

Respectfully yours,

Christine Valeria

Download Financial Hardship Letter Mortgage

Hardship letters are short overview of how one has arrived at a difficult financial crossword.  Many a times, it is because of mounted bills, a job layoff, a serious setback or marital conflicts like divorce. Sometimes, it might be written to the creditor to ask for some leniency. This letter is vital in the sense that it explains why a person is unable to pay off his debts, car loans or other major loans. It is the first coactive step that a borrower must take in the quest for assistance and compensation from the lender.

When writing a hardship letter, the following things should be kept in mind:-

• This kind of letter is not of the top priority on the lender’s agenda. Hence, the writer should keep in mind that a specific reason should be given for the arrearage, but there should be no sign of complaint in the letter.
• The letter should be the point and concise.
• One should be honest and sincere in writing the contents of the letter.
• Any supportive document should be attached with the letter that can prove the writer’s point.
• Lastly, be sure to thank the lender for their time and cooperation. This kind of letters is very important when it comes to saving the home from foreclosure.

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Hardship Letter To The Bank

From,

William Smith,

North Carolina 20045

To,

Calvin Dan,

Mortgage Bank of America

North Carolina 50235.

Hello Sir,

Very first, I would like to congrats you for your long period of consistent positive service to many of your clients.  At this moment, I, William Smith, would be in a need to get rid of my financial worries which are taking toll on my personal life too.  I, hereby, decided that I need a real solution to my financial burden to be eased out by taking a mortgage for a very short period of time.

Though I cannot guarantee myself in a very short period of time to fulfill my much awaited project execution, I decided that this is the right time to get in mortgage very soon to end the drought of happiness coming in my life, which will be there very soon after the successful completion and execution of the project.  I, therefore, would like your help and cooperation in every aspect of this kind.  I would certainly be appreciative of your efforts being taken very quick and prompt considering the state of my problem.

Yours Sincerely,

William Smith

From,

Michael Chang,

Wisconsin 53024

To,

David Snot,

Eco-Paints  Commercial Ltd.,

North Carolina 50885.

Dear Mr. David,

It has been a wonderful journey of my working life with your company since past many years now.  I am really enthusiast about my new role as a member of management team.  Though, at this point, I would like to bring to your notice that my financial difficulties are getting a bit worse and, therefore, I would like to take the necessary precautions before it can really affect my work.  Since I am just now getting inducted as a member in management team and would take a limited time to remedy my problem, I would appeal to the top management authority to help me out in this critical phase of my life.

Briefing you about my main intention to get noticed from your organization, I therefore believe that our company would try its best to get it solved by somehow.  Your efforts towards this direction will be appraised towards the well being of human kind.

Yours Truly,

Michael Chang

Download Financial Hardship Letter Example

From,

Thomas Elvira,

203, Burlington Boulevard,

North Carolina 50825

To,

Myelin Wart,

Easy Mortgage Co.,

New York 564206

Dear Ms. Myelin,

I am thankful to your company that it provided me the much needed mortgage for my needs.  There is an urgent need for which I have written this letter specifically to you.  I am looking for some immediate modification towards the repayment terms along with interest payment.  At this point of my life, there is no other way that I can really fulfill the repayment clause.  In the beginning itself, I hardly had anything else that will help me out in my financial worries except the mortgage which I took from your company.  Since there is no other way wherein I can handle better to repay your amount, I am totally dependent on my salary now and that too is going to be not enough to sustain my family expenses.

Since there will be increase in my salary and more incentive-based rewards are on the way in coming months, I would like your company do some modifications for my financial difficulties at this point of time.

Yours Sincerely,

Thomas Elvira

Download Mortgage Modification Hardship Letter

From,

Kathy Brit,

New York 54246

To,

Alwin Pereira,

Asian Development Bank,

North Carolina 50775

Dear Alwin,

This is to your notice that I, Kathy Brit, had taken a loan from your bank 2 years back for my business of salon expansion. Since then there has been economic worries all over our country and, therefore, my business has caught in that act and is suffering from losses. To minimize this kind of suffering, I would like your company to make some changes in interest rate and lower to an extent that I could easily maintain repayment terms.

As business trend in general seems to be getting worse, I would therefore require your company intervention towards interest rate appeal. It would be of great help to do business without the fear of getting out of gear considering the competition is stiff and profit margins are getting diminished. I positively look forward for your support, and your efforts towards my problem will be appraised and will be paid off well after economy goes up.

Yours Sincerely,

Kathy Brit

Download Lower Interest Rate Hardship Letter

From,

Brandon Simpson,

New York 52366

To,

Prince Williams,

Mortgage Finance Company,

New York 52990

Dear Mr. Prince,

It is high time that I convey a message to you to avoid any further losses that might occur during the sale of my home.  There has been consistent decline in the value of my home and, on top of it, I have to repay the mortgage amount which seems to be very much burden in my life now a days.  Short sale will definitely give you an advantage to a situation which might get worse considering the current trend.  So, I would like you to take the necessary steps very swiftly so that we both can be benefited by averting any further losses.

Since I had good years of relationship with your company, I would hope that you consider this to your advantage.  I will definitely help you out in every possible dealing that will make sure the situation gets due credit.  Hope, I get your response in this matter very soon.

Yours Sincerely,

Brandon Simpson

Download Importance Of The Short Sale Hardship Letter

From,

Tom Cruise,

New York 50026

To,

Chris Watson,

Independent Lenders Bank,

North Carolina 52275

Dear Mr. Chris,

I, Tom Cruise, would like to bring to your notice that I am pleased to have communication with your organization at this point of time.  There have been many instances wherein I have approached a couple of lenders for my project since few months now.  I came to know about your organization through my friend, Christ Donald, who is also one of your clients. He is very satisfied and also appreciative about your organization’s active involvement in projects.  It would be of great help if I get your organization to fund my project and lend for a period of at least 2 years considering the project details which I have made available with this letter.

To being with, I would be glad to become your esteemed client considering that I have no defaults in my entire life.  Your response towards my project would be deeply awaited.  Hope to make another communication with you in order to execute hardship of lender requirement.

Yours Sincerely,

Tom Cruise

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From,

Terrance Obama,

Prime Underprivileged Society,

Wisconsin 53064

To,

John Bolton,

Jersey Group Of Companies,

North Carolina 54475

Dear Mr. John,

It is to my satisfaction to make reachable to you on behalf of my society for a perfect hardship.  Since we are dealing with underprivileged members in most of the states of USA, I would like you to take an initiative to spearhead our new agenda for specific members of the society i.e. malnutrition of children.  Your support in this direction will be of great help to maintain the quality of the children of a certain age group.

Looking at your time constraint, we will like to take your efforts for specific functions which are going to happen in near vicinity and will be of short distance for your approach. I hope you are going to consider it since you have been associated with many other such organizations for a better cause and also bring in new changes which the world is awaiting for.  Your confirmation is deeply awaited for this perfect hardship.

Yours Truly,

Terrance Obama

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From,

Francis Wilson,

Wisconsin 58734

To,

Brat Watson,

American Hospital Of Tertiary Health,

New York 59986

Dear Brat,

I am thankful for you and your hospital for providing me best service for my health issues.  Though I have no objection towards any amount of charges against services you provided to better my health standards, but I have real hardship in payment of medical bills considering that I am not in a state of economic wellbeing.  I would request you to take a note of it and provide me certain comfort wherein I can take a successful approach to make payments at a constant endeavor.

You might be aware of such situations wherein patients are not able to make financial medical bills as they are made available to them at a situation in their life that it’s hard for them to honor them.  It is, therefore, required on your part to successfully help them out and recover the patients from any possible condition where they might get another medical treatment not meant for.

Yours Truly,

Francis Wilson

Download Financial Medical Bill Hardship Letter

From,

William Pereira,

404 Prime Avenue,

New York 57783

To,

Dean,

Sunrise School of Wisconsin,

Wisconsin 58814

Hi There,

I am, William Pereira, father of John Pereira who is in your school studying 7th grade.  I came to know from my kid that there have been instances wherein he is facing severe criticism from his colleagues and teachers for not performing best for any given task though he is indeed much better than an average student at your school.  If you have any doubt on this you can have a look at his report card and will definitely find satisfactory results for an above-average student performance.

I certainly would like you to take necessary course of action against those who are giving my kid hardship at the cost of their advantage.  These types of instances would certainly be dampening for any children studying at your school or, for sake, any other school having such instances at a frequent rate.  I assume that, henceforth, there will not be any happening of such instances in future.

Yours Sincerely,

William Pereira

Download School Hardship Letter

From,

Will Macon,

Wisconsin 53884

To,

Jessie Watson,

Refinance Constructive Co.,

Wisconsin 53009

Dear Madam,

I, Will Macon, having a great difficulty in handling my mortgage repayment terms which are modified by my company called High Mortgage Finance Co.  This is to inform you that I am in a great need to get rid of this mess considering that you have better schemes and options that will make sure I have a great deal and will most probably be able to pay your interest amount without any defaults.

Since I am going through my rough financial times, I hereby would prefer a mortgage company that will make sure I have a good opportunity to get the real value of my home as well as easy payment terms without bloating out my finance expenses unnecessarily.  In the meantime, I would like to get your immediate solution and possible best deal to finalize it.  Hence, I am ready to get you all the necessary papers in order to execute.

Yours Sincerely,

Will Macon

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To,

Rick Martin

Chief Advocate

Universal Law Firm

534 Spencer High Road

Carolina, Los Angeles 3490

Dated: 12^th of April 2012

Respected Mr. Martin,

I am writing this letter to explain you about the hardship affidavit situation that I am facing. The reason for this hardship has been caused due to my divorce and the mortgage loan that we had taken together.

When we were married we had taken a mortgage loan for which both my wife and I were borrowers. After divorce, the house came under my custody and so now I have to make my installment payment on behalf of both. It is becoming really unaffordable for me as I have to pay the complete interest amount and also the Government taxes.

I hope you understand the kind of hardship I am in. It would be great if you could help me to convince the bank to go for a loan modification.

Thanking you,

Doris Glenn.

To,

Oscar Wild,

Manager of Operations,

Sun Rise Technologies

North Dakota, New Carolina 4590

Dated: 3^rd of April 2012

Respected Mr. Wild,

I am writing letter as I am facing a hardship and need to take transfer for that reason. I would like to take a transfer in the same position to our office located in California.

I am working as an assistant manager in this organization since last two years. My hometown is in California and my parents also live there. They are in their sixties now and health wise they are not keeping well.  Being the only child of my parents, I need to stay with them and take care of them which would not be possible if I stay in a different city.

So, if I am transferred to our California office then I can stay with them and also continue working. I hope you understand my hardship and take the required action.

Yours sincerely,

Norman Creed

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Hardship Letters

To,

Tim Supple

Mary Ann Apartments

43 Green Tree Lane

North Dakota, South Carolina 7890

Dated: 3^rd of May 2012

Dear Tim,

I am going through a terrible phase in my life and thought of informing you about it as you are my best friend.

I see that all my friends are doing very well in their career. I feel very happy thinking about that but at the same time I regret thinking that my career is not shaping up due to personal problems. As you are aware that I always wanted to be a writer and go to Holly Wood to make my career. But, due to the failing health of my mother I am unable to go. As a result I am penniless to. I would request you to help me in such a situation and lend me some money to see myself off till my mother recover and I leave for Holly Wood.

Yours friend,

Neil Feel

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Hardship Letters