Hardship Letter

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HARDSHIP LETTER

[DATE]

Dear [RECIPIENT NAME],

As you are aware, we are currently [NUMBER] months behind our mortgage payments. While we are behind on our payments, we have a strong desire to keep our property, which is why I am writing this letter to request your assistance in helping us work through a loan modification.

Under normal circumstances, we can definitely meet the mortgage payments. However, our family is at a very difficult time right now because the company that I was working for underwent a retrenchment and I was one of the unfortunate employees who was retrenched. Despite my efforts, I was not able to find a job until last [WEEK/MONTH/YEAR].

While we are behind on our payments, we have a strong desire to keep our property. Therefore, I am writing this letter to request your assistance in helping us work through loan modification.

We have used our savings to make the mortgage payments for the first [NUMBER 1] months but soon, we have used up all our savings and have fallen behind on the payments.

While we are not able to pay what we owe, we intend to pay the full amount but we will need your assistance for the development of a plan to help us achieve this. We believe that this circumstance is only temporary as I am already employed. We would appreciate your help with a loan modification so we can keep our property.

We appreciate your time and willingness to help us.

Regards,

[YOUR SIGNATURE]

[YOUR NAME]