Apply For A Loan Modification With Our Hardship Letter
If you are looking to apply for a loan modification, you must show proof of hardship. The letter below can be sent to your mortgage lender or bank to help you provide documented proof of hardship, whether it be financial, personal, etc.
I am writing this letter to explain my unfortunate set of circumstances that have caused us to become delinquent on our mortgage loan. We have done everything in our power to make ends meet but unfortunately we have fallen short and would like you to consider working with us to modify our loan. As you would expect, our number one goal is to keep our home and we would really appreciate the opportunity to do that.
The main reason that caused us to be late is (insert reason here and don’t be too lengthy and long winded) Soon after being late and our income not being nearly enough, we had fallen further and further behind. Now, it’s to the point where we cannot afford to pay what is owed to
(lender). It is our full intention to pay what we owe. But at this time we have exhausted all of our income and resources so we are turning to you for help.(The approximate date of hardship and we believe that our situation is Temporary or will
be Permanent.) Our situation has got better because (reason here) and we feel that a loan modification would benefit us both. We would appreciate if you can work with us to lower or
delinquent amount owed and or payment so we can keep our home and also afford to
make amends with your firm.
We truly hope that you will consider working with us and we are anxious to get this
settled so we all can move on.
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