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How to Prepare a Hardship Letter

As part of your complete loan modification application, your hardship letter is an integral part of the puzzle. You need to be able to demonstrate in no uncertain terms that you are facing financial hardship that is making it impossible for you to cope with your current mortgage obligation. There are a number of important criteria to bear in mind as it relates to how to write a hardship letter.

It will be well worth your while to make every effort to craft a letter that strikes a great balance between conciseness and thoroughness. You don’t want to lose the attention of the ready because it’s too long, but on the other hand, you want to be sure that you are highlighting your circumstances adequately. This is just one aspect of your application that you can get expert guidance in when using empowering loan modification software. There are a number of examples of hardship letter submissions out there, but many of them are just plain misguided.

The following is a hardship letter sample that should give you a good idea of the tone and content that you ought to be aiming for:



Name: (Your Name)
Address: (Your Address)
Lender Name: (Your Lender)
Loan #: (your Loan #)


To Whom It May Concern:


I am writing this letter to shed light on my unfortunate set of circumstances that have made it impossible for me to cope with our mortgage payments. I have done everything in my power in an effort to make ends meet, but unfortunately I have been unsuccessful and would like to request your consideration in working with me to modify the terms of my mortgage. It is my earnest desire to keep my home, and I would sincerely appreciate the opportunity to do that.

The primary reason that has resulted in financial circumstances that I’m unable to cope with is (mention the reason here, and remember to be concise, yet thorough). The situation has deteriorated steadily over time and I have fallen further and further behind. The point has now been reached where I cannot afford to keep up with my mortgage payments. I have every intention of honoring my mortgage commitment, but at this time I have exhausted all of our income and savings and I am therefore turning to you for assistance.

While my income is steady, it is no longer at a level that allows me to cope with the existing terms of my loan. I feel that a loan modification would be of great benefit me. I would appreciate if you would be willing to work with me to secure a modified monthly payment that I can realistically manage.

I truly hope that you will assist me. I am anxious to get this settled so that I can move on with my life and keep my mortgage intact.


Sincerely and Respectfully,


Borrower’s Signature
Co-Borrower’s Signature