Example Of Hardship Letter For Mortgage Modification

Example Of Hardship Letter For Mortgage Modification. A hardship letter is a key factor in getting approved for a loan modification program. Bankrate.com tells how to write one.

How to Write a Hardship Letter for Mortgage Loan Modification (Clifford Garner)

A hardship letter proves extremely useful when one is unable to pay the mortgage on one's house and requires loan modification to be introduced by the bank, in order to ease burdens and prevent a loss of the place of residence, due to non-payment of the mortgage. A hardship letter explains why a homeowner is defaulting on their mortgage and needs to sell their So It's important that the hardship letter clearly state that granting the request for a loan modification or short sale is the For example: "I lost my job eight months ago. When writing a hardship letter, borrowers should refrain from expressing personal problems -- such as a history of drug or alcohol abuse -- as it's not I am writing this letter to request a mortgage modification that will allow me to continue to make my mortgage payments.

I have paid the last four installments of the mortgage through my savings account.

The purpose of the letter is to describe why the borrower may not be able to make their mortgage, car loan, or other debt payments.

How to Write a Hardship Letter for Mortgage Loan Modification

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How to Write a Hardship Letter for Mortgage Loan Modification

Being in debt or being upside-down on your mortgage isn't. Sample Letter of Financial Hardship Mortgage. For example, "I am writing this letter because I was laid off from my job in August of last year and have been unable to find a job, which has caused us to become delinquent on our mortgage.