Missed Payments?
   Want to Avoid Foreclosure?

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Tips For Writing
A Good Hardship Letter


Tip #1 -
Keep your hardship letter brief and to the point. This is not the time to be vague or over complicated.

Tip #2 - Write your hardship letter with emotion. Your goal is to make the lender cry when they read your hardship letter. Make your hardship letter stand out from the hundreds of others that particular loss mitigation specialist read that day. Try your best to strike an emotional chord with your audience. (Unfortunately for you, your audience is the mortgage lender you owe money to, so you really need to make an effort!)

Tip #3 - Express to your lender that you have some desire to stay in your home and will fully cooperate with a loan modification. Explain to them that you would like to either; prevent foreclosure, avoid foreclosure, or stop foreclosure on your home as soon as possible.

Tip #4 - Include your contact information in your hardship letter. Lost or misplaced Loan modification forms are the leading cause of a delayed loan modification. You want to make sure that both your hardship letter and hardship form make it the correct place in your banks loss mitigation department, and stays there!

Tip #5 - It's important to Remember to thank your lender at the end your letter of hardship.  You would be surprised at just how far, this simple gesture can go in speeding up your loan modification process.

Example Hardships You Can Include In Your Hardship Letter Are:

  • Loss of Job
  • Death of Spouse or Co-Borrower
  • Incarceration
  • Divorce
  • Military Duty
  • Illness
  • Natural Disaster
  • Reduced Income
  • Fixed Income
  • Single Parent