Are You Pulling Your Hair Out Trying to Write a Hardship Letter?

Well John and Cathy had been on my site here reading much of what I’ve been talking about when it comes to How to write a hardship letter. I easily pointed them to some websites and also showed them how not to write a hardship letter.  But they wanted some more information about what an effective hardship letter would look like. 

So I decided to write one for them and for anyone else who is seeking to do this the correct way.

Date (Current Date) Name: (Your Name)

Address: (Your Address) Mortgage Company: (Mortgage. Company.)

Loan Number: (your Loan Number)

I/We, (Your Name), are requesting that you review my financial situation to see if I/We qualify for any workout option.

I/We are having problems making my monthly payments because of financial difficulties created by (circle what applies):

Unemployment

Reduced Income

Divorce

Separation

Medical Bills

Too Much Debt

Death of my Spouse

Death of a family member

Payment Increase

Business Failure

Job Relocation

Illness

Damage to Property

Military Service

Incarceration

Other (Please Specify)

This difficulty or hardship happened on or about this date ??????.   I/We believe that my/our hardship is (circle one) Temporary / Permanent This is a brief account of the situation with some details about how it transpired (explain the situation you encountered… and tell them you feel you can now afford your payments again) I/We, (your name), declare the contents of this letter provided above to be true and accurate to the best of my/our knowledge and understanding.

Borrower’s Signature Date Co-Borrower’s Signature Date

For more information on how to write a hardship letter or what to do after writing a hardship letter please enter your information in the opt-in box on the top right hand side of this blog or click on the Loan Negotiator Group and enter your information there.  I’ll be in touch with you that way soon.

The Foreclosure Doctor (Online)