Sample "Hardship Letter for Mortgage"

A Hardship Letter for Mortgage is a handwritten or typed statement prepared by the homeowner who needs to clarify the reasons behind the mortgage default to their lender. If the borrower fell behind on their monthly payments, it is their obligation to convince the financial institution that provided them with the mortgage to allow them to keep their residence. Whether you were fired, demoted, ill, or dealt with other difficulties, you need to show the lender you are doing your best to improve the situation and want to comply with the original terms of the existing mortgage.

You can find a sample Hardship Letter for Mortgage through the link below. This document should identify the borrower, address the recipient, specify the reason for writing the letter, describe the circumstances that led to the default, request the payment deferral or lower mortgage rates, and list the contact details of the homeowner for future communication. Express hope for the speedy resolution of the issue and make your letter stronger by attaching documentation that verifies your statements - for instance, bank statements and medical records that prove you were unable to keep up with your mortgage obligations.


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Sample Hardship Letter for Mortgage
From: John Smith
2346 Penrose Circle
Chicago, Illinois 60176
[Date]
To: ABC Mortgage Company's Representative (if possible), ABC Mortgage Company
111 Elizabeth Drive
Bismarck, North Dakota 58503
(701) 555-5556
Re: Loan Modification for John Smith
To Whom It May Concern,
I am writing this letter in support of my loan modification plan for the mortgage on
the home located at 231 West Wood St., Woodford, New Jersey 48392. My intention
is to stay in my home, and my hope is that the loan modification will allow me to get
my loan in order and back on the right path.
Over the last 3 months, the income in my household has greatly fallen because I have
lost my job. This disheartening situation has made it unmanageable for me to continue
making my full payments every month. I have attached proof of my hardship and job
loss to this letter. I have enclosed information on my income, copies of my financial
statements, and other detailed documentation that proves the current state of my
hardship in this ongoing situation.
I hope that we can work together and quickly to modify this loan so that I may begin
to make the payments again as soon as possible. If you have any questions, please
don’t hesitate to contact me. I can be reached by phone at
[Phone
Number], or by
email at
[Email
Address].
Thank you for your time in considering my request.
Sincerely,
John Smith
[Signature]
©
TEMPLATEROLLER.COM
Sample Hardship Letter for Mortgage
From: John Smith
2346 Penrose Circle
Chicago, Illinois 60176
[Date]
To: ABC Mortgage Company's Representative (if possible), ABC Mortgage Company
111 Elizabeth Drive
Bismarck, North Dakota 58503
(701) 555-5556
Re: Loan Modification for John Smith
To Whom It May Concern,
I am writing this letter in support of my loan modification plan for the mortgage on
the home located at 231 West Wood St., Woodford, New Jersey 48392. My intention
is to stay in my home, and my hope is that the loan modification will allow me to get
my loan in order and back on the right path.
Over the last 3 months, the income in my household has greatly fallen because I have
lost my job. This disheartening situation has made it unmanageable for me to continue
making my full payments every month. I have attached proof of my hardship and job
loss to this letter. I have enclosed information on my income, copies of my financial
statements, and other detailed documentation that proves the current state of my
hardship in this ongoing situation.
I hope that we can work together and quickly to modify this loan so that I may begin
to make the payments again as soon as possible. If you have any questions, please
don’t hesitate to contact me. I can be reached by phone at
[Phone
Number], or by
email at
[Email
Address].
Thank you for your time in considering my request.
Sincerely,
John Smith
[Signature]
©
TEMPLATEROLLER.COM