How To Write A Mortgage Hardship Letter? Can You Help Me?

Important elements will include the exact reasons for your being unable to make payments, when the situation began, and specifically why it presented a hardship.  Loss of job, health reasons,  or catastrophe are generally considered legitimate reasons for falling behind.  You should also state whether or not you are now able to make your payments, and provide documentation through pay stubs or tax returns or bank records (or combination) with your letter, as requested by your lender.

Here is a site which has a template/sample letter, and you can fill in the essential information that is yours.  Gold luck.  I know these are hard times for many people.

www.usattorneylegalservices.com

Provided by Loan Modification specialists at ModifyMeDown.com at www.modifymedown.com, a template you can follow or adjust to your specific situation:

RE: Hardship Letter - Short Sale for (your address)
Dear Creditor:
Since last (month) I am experiencing financial difficulties due to (layoff, medical problem).
After having my current financial situation carefully analyzed, I have concluded that it is no longer possible to comply with the original terms of the agreement. I have no choice but ask you for your help on avoiding the foreclosure of my family’s home.
Due to the dropping of home prices that have affect the entire country in the last year, I currently owe more on my mortgage than my home is actually worth.
Please consider allowing me into your Short Sale Program so that we can lower the price and sell the house quickly before it goes into foreclosure. This will allow me to settle my financial obligation to you and have a chance to get back on my feet, without having to file for bankruptcy.
Please understand that financial hardships can occur and many times it‘s not a choice. I deeply appreciate your help in this matter. If you have any questions, or need anything further from me, you can contact me at (your phone # with area code.)
I am enclosing my (bank statements, late notices on your car, last year's tax returns, last 6 months of Profit and Loss statement (if self employed), last 2 pay stubs for all working borrowers (including L&I and unemployment benefit.) Authorization to disclose personal information and anything else you can find that will show full proof of the hardship)
I, (your name), state that the information provided above is true and correct to the best of my knowledge.
Sincerely,
(Home Owner Name)
(Address)
(Account number)

Your mortgage loan officer should be able to help you. But address it to the lender. Begin it with "to whom it may concern" and explain your situation. Put it in plain easy to understand language, and send it to them. They are becoming more and more understanding these days.

Lower my interest rate

Here's what I modified from another letter I found online I am awaiting to hear If I have .

RE: Hardship Letter

Dear Sir/madam,

I am experiencing  financial hardship due to the death of my husband on November 22, 2007 causing a drop in retirement income.  I had tried to get refinancing and failed because of the falling home values.

I have not as yet fallen behind on my payments however it is clear that will become a problem soon as most of my husbands life insurance has been used for  expenses such as auto repairs, tires, paying off credit cards, funeral expenses etc.   I  returned to work last year but there is only part time work available.

Since I have been a loyal customer of your financial institution for nearly  fifteen years   I’d like to ask for help with a loan modification hopefully to lower the payments to 31 percent of my income.

After five years I will be close to receiving social security and will also be able to withdraw from a IRA to help with the payment along with my Federal survivor annuity that I already receive.

If you have any questions, please feel free to contact me at --------- or e-mail at ---------
Thank you for your consideration and I’d really appreciate any help you can offer me.

Sincerely,

Would please be so kind as to give a written sample of a hardship letter for , a modification mortgage
THANK YOU

I am not behind in my payments yet but my hardship is;  i,m taking care of my mother who is bed ridden and she is on  a medical machine at home , she also lives  with me and my husband  and because of this
we have incurred extra expenses ,  so the mortgage wants me to write a letter explaining this can you help
me with this letter/

I am not behind in my payments yet but my hardship is;  i,m taking care of my mother who is bed ridden and she is on  a medical machine at home , she also lives  with me and my husband  and because of this
we have incurred extra expenses ,  so the mortgage wants me to write a letter explaining this can you help
me with this letter/

I am not behind in my payments yet but my hardship is;  i,m taking care of my mother who is bed ridden and she is on  a medical machine at home , she also lives  with me and my husband  and because of this
we have incurred extra expenses ,  so the mortgage wants me to write a letter explaining this can you help
me with this letter/

I am not behind in my payments yet but my hardship is;  i,m taking care of my mother who is bed ridden and she is on  a medical machine at home , she also lives  with me and my husband  and because of this
we have incurred extra expenses ,  so the mortgage wants me to write a letter explaining this can you help
me with this letter/

I write hardship letters for a living.  Since the loss mitigation specialists are drowning in requests, I think its helpful to spell it out for them.  You should known the program you're applying for and give them the pertinent figures, such as your debt-to-income ratio, etc.

To make sure you don't make the common mistakes, watch this video:

Http://hardshipletters.info

Good luck.

I'm writing this hard ship letter because my husband and I are both un employed at this we have falling back on on all our credit cards our credit score had drop very low so we can not get new loan

Template of hardship letters