Most people facing foreclosure think when writing a hardship letter, they need to make it as detailed as possible and end up writing a letter that is 2 to 3 pages long. Lender's do not want to spend a lot of time reading about your hardship. Which in turn means, you don't have to think so hard or spend hours writing a long letter. All they need are the basics. Below, I have a sample hardship letter that should help you when writing yours.
Sample Hardship Letter
Dear Mr. Smith:
The purpose of this letter is to explain the circumstances that have prevented us from
paying our mortgage. We have done everything we can to remedy this situation, but we
still do not have enough money to pay (insert lender’s name here) what we owe.
The main reason why we are late in paying our mortgage is (provide brief explanation
here including the approximate date of the hardship). As a result, we have fallen behind
in making our regular mortgage payment to (insert lender’s name here).
We regret this situation, but at this time we do not have the funds and are seeking your help.
Our home means a great deal to us and we are willing to do whatever we can to avoid
losing it through foreclosure. We are anxious to settle this matter and would appreciate
very much receiving a prompt response.
NOTE : If you found this information useful, please leave a comment. Thank you :-)
If you have already tried to work with your lender and find you are getting nowhere or they have turned you down for reasons you think are absurd, feel free to contact me. I will offer advice and try to let you know what your options are based on your unique situation.
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