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Sample Hardship Letter for Mortgage
A Hardship Letter for Mortgage is a handwritten or typed statement prepared by the homeowner who needs to clarify the reasons behind the mortgage default to their lender. If the borrower fell behind on their monthly payments, it is their obligation to convince the financial institution that provided them with the mortgage to allow them to keep their residence. Whether you were fired, demoted, ill, or dealt with other difficulties, you need to show the lender you are doing your best to improve the situation and want to comply with the original terms of the existing mortgage.
You can find a sample Hardship Letter for Mortgage through the link below. This document should identify the borrower, address the recipient, specify the reason for writing the letter, describe the circumstances that led to the default, request the payment deferral or lower mortgage rates, and list the contact details of the homeowner for future communication. Express hope for the speedy resolution of the issue and make your letter stronger by attaching documentation that verifies your statements - for instance, bank statements and medical records that prove you were unable to keep up with your mortgage obligations.
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