The Essentials of Letters – Breaking Down the Basics

Sample Hardship Letters

For anybody looking for a hardship template for a hardship letter look no more. Below is a standard template that can be personalized and added to as you need. With a hardship letter you can stop the process of foreclosure and also be able to a loan modification.

When you know that you are not at per on your mortgage payments and afraid that there could be a looming foreclosure, you should visit or call your bank who have offered you the mortgage. There is the likelihood that you will be required to write a hardship letter which will help in discontinuing your foreclosure. This type of letter also acts as a letter to do a short sale on your house.Hardship letter are personal coercion to your financial institution letting them know of your inability to service the loan and the reason behind this. It might sound easy, isn’t it? However there is a lot more to just this. A hardship letter is also important when requesting the bank for a loan modification. This is the time you have to appeal to the bank to end the foreclosure process of your home and endorse the loan modification.

You will find the format on how to write a hardship letter.

Name: Should be your full name as it appears on your papers for the mortgage.

Address: indicate your current address where your mortgage is at.

Write the name of the bank.

Write your loan number just as it is on your mortgage paper.

To Whom It May Concern: Enter the name of the person or firm that is mitigating for you.

The purpose of this letter is to let you know what happened that we are unable to pay our mortgage payments. Despite any efforts that are with us to pay the mortgage we are still far behind. We are therefore requesting you to help us through the approval of our loan modification for our mortgage. We will be happy if you can do all you do to help us.

The reason behind our inability to pay the mortgage payments in a timely manner is, (state your reason here precisely and clearly.

We hope you will approve the modification loan for our benefit. We hope you would engage us so that the monthly payments are lessened and we stay at our home with no foreclosures until we can be able to resume payments again.

We remain waiting for your help and also how to move on with the matter.

End the letter with your signature, your full names and the date.

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