Category: Hardship Letters

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

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

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

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

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

Download Hardship Letter to Creditors