Help writing hardship letter mortgage modification -

Calculated Risk: How Not to Write a Hardship Letter

Under normal circumstances we can easily meet our mortgage obligations. However, these last 8 months have found us in difficult times. I was let go during a round of layoffs 8 months ago.

If yes, how much can you afford to pay? What are you doing to address the root cause(s) of the hardship (if you have any control over them) and recover your financial footing? Beginning the hardship letter, before writing the letter, contact the lender's loss mitigation department, which assesses and processes mortgage modification requests. Speak with someone in the loss mitigation department and obtain the correct spelling of his or her name, the address and direct phone number and extension. The next two lines contain the mailing address. Skip two lines and date the letter. Skip two more lines and write the name of the person. On the regarding line, or the RE: line, include your loan number.

Use our free sample letter of hardship template to help you get started. Keep reading below for a free sample hardship letter for loan modification, tips and links to other resources. It should show that you meet all the lenders eligibility requirements and convince the lender that youre committed to a long-term solution and able to follow through. Reviewing a sample hardship letter.

While we are behind on our payments, we have a strong desire to keep our home. Therefore, I am writing this letter to request your assistance with helping us work through a loan modification. You'll need this information when addressing the letter. When addressing the letter, place the lender name on the first line, the name of the department on the second line and the name of the person you are writing to on the third line.