Hardship Letter for Mortgage Modification
Hardship Letter for Mortgage Modification
November 5, 2050
Philip Mitchell
SteelEagle
456 Oak Avenue
Indianapolis, IN 46201
Dear Mr. Mitchell,
I am writing to you on behalf of [Your Company Name] regarding our current mortgage situation. We find ourselves in a position where we need to request a modification to our mortgage due to a significant financial hardship that has recently come to light.
As you may be aware, our company has faced unexpected challenges, including a downturn in sales and the loss of a major client. These unforeseen circumstances have severely impacted our cash flow and overall financial stability. Consequently, we are finding it increasingly difficult to meet our current mortgage obligations without assistance.
We have a strong desire to maintain our commitments and remain a responsible borrower. Therefore, we are seeking a modification that could provide us with the necessary relief during this challenging period. Specifically, we would like to discuss options for either a temporary reduction in our monthly payments or a reassessment of our interest rate.
We are prepared to provide any documentation you may require to support our request, including financial statements, business projections, and any other pertinent information that illustrates our current situation.
We appreciate your attention to this matter and look forward to the possibility of working together to find a solution that meets both our needs. Please feel free to reach out to me directly at your earliest convenience.
Thank you for your understanding.
Sincerely,
[Your Name]
[Your Company Name]
