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The Mortgage Modification Guide

Sample Hardship Letters

We hope that this page is helpful in your fight to stay afloat. We don't recommend that you use these letters word for word. These sample letters are meant to give you an idea of what a sample hardship letter should look like. If you'd like more information on writing a hardship letter please see How to write a hardship letter

Sample Hardship Letter: Medical

Date:

Name: Joe Smith
Address: 123 Name St, Anywhere CA 12345
Property Address(if different):
Phone: (000) 000-0000
Email: Example@mail.com
Lender Name:
Loan #:

To Whom It May Concern:

I am writing to let you(or put the lenders name) know that I am unable to afford our current monthly mortgage due an illness(or an accident or some other cause). I deeply regret that I am currently unable to pay the mortgage payments in full. This illness has left me with a lot of medical bills and has reduced my ability to work.

The medical care is something I need to get back on my feet and working(or currently help me work) and I must pay them if I am to continue to pay the mortgage. However the immediate medical bills are a little overwhelming and if I want to continue to receive medical treatment I have to cut back on mortgage payments.

I hope that you understand and can perhaps arrange a plan that would allow us to avoid penalties, interest and mounting payments. Given the current circumstances I, after going over the income and expenses, think it would be best if you would temporarily reduce the monthly mortgage to $$$. I Hope that you are open to negotiating a new monthly payment.

Please let me know what, if any, additional documentation are require and to whom I should address them.

Thank you for your time.

Sincerely,
Owner Signature:
Co-owner Signature:

Sample Hardship Letter Content: ARM

To Whom It May Concern:

I am writing to(lender) because I may soon not be able to pay my mortgage. My current mortgage is $$$ and under the current loan agreement the monthly mortgage will go to go up to $$$. (here you can say that either it's not fare or you can't afford or both) I would like to continue to stay in my home, but as it stands I can only afford $$$ (this does not have to be to the penny exact)Again, the new rate would put a tremendous strain on my finances and I cannot afford this rate.

I'd like to change the mortgage to work for both of us and I'm hoping you are open to negotiations. Please let me know what, if any, additional documentation are require and to whom I should address them.

Thank you for your time.

Sample Hardship Letter Content: Job Loss

To Whom It May Concern:

I'm writing in hopes that we can negotiate a new mortgage agreement or find away to decrease the monthly mortgage for the time being. I am current living off saving and have several jobs I am hopeful about but (add whatever you feel is necessary).

I hope that we can work something out. I have kept current on my mortgage and look forward to staying current however this wont be possible without your help. Please get back to me as soon as possible. I currently have $$$ and my expenses are $$$.

Please let me know what, if any, additional documentation are require and to whom I should address them.

Thank you for your time.

Sample Hardship Letter 4: Death Of Spouse or Co-Owner

To Whom It May Concern:

When my spouse and I first signed the mortgage papers for the house we were making $$$. Since then we have had very little trouble paying the mortgage. However, not too long ago my spouse passed away. As a result of that the total household income has gone down to $$$.

I am still working but am finding it hard to make up for the loss of income. I am currently looking for a better paying job, which was not needed before, but I don't know what will happen and with the expense of(the funeral, any other things that you may have to pay for) as well as the time needed to make arrangements I find it hard to make ends meet.

I am hoping that we can renegotiate the mortgage to more fit my situation. I am confident that we can come to some agreement that will be suitable for us both.

Please let me know what, if any, additional documentation are require and to whom I should address them.

Thank you for your time.

Continued: How to write a hardship letter

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