Hardship Letter Sample – Template to Help You Get Your Short Sale Approved

I would like to help you prepare your financial hardship letter that is needed for your loan modification or to obtain a short sale approval for your current mortgage. Your first step should be to call your financial institution. They won’t offer you a short sale without talking to them. This is a rare thing if this happens.

There are many different types of letters of hardship, including creditors and foreclosure letters. Any type of hardship letter will give you the opportunity to tell your side of why your situation has happened and why you have begun to default on your loan. This letter will be used to convince your financial institution to allow you to pay less than your regular monthly payment.

When writing your letter, you need to remember that there is a real person on the other end who will read it. Financial institutions have loss mitigators that will work with you on your late payments. It’s common for a loss mitigator to receive hundreds of distress letters each week, so make yours stand out and provide the right information in a way that grabs their attention.

Bill and Mary Sydney

555 Central Avenue

Town, MI. 00000

Robert jones

US Lender, Inc.

999 Town Street

Town, MI. 00000

September 6, 2009

RE: Your loan number: Financial letter due to financial difficulties

Dear Mr. Jones,

This letter serves as an official request for short sale approval for my property which is located at 555 Central Avenue, Town, Michigan, 00000. We would like the opportunity to give you an explanation as to why we have had trouble paying our loan. and recently breached our terms. Although we have eliminated all unnecessary expenses, we still find that we do not have enough to update our loan.

The main reason we are behind on our loan is because my wife and I were laid off from our jobs six months ago. We were employees of the same company for more than ten years. In April, our employer told us that they were going to close their business and gave us two weeks’ notice.

We have been receiving unemployment benefits, but this amount does little more than cover our other expenses along with our mortgage payment. We are very upset that we are falling behind more and more and we don’t know how we can change it. We want to update our account with you, but we just have no way of how to do it. For these reasons mentioned above, we would like to ask for your help in obtaining a short sale approval on our home.

We believe that a short sale is the option that would help us sell the home for approximately the amount we give to you. We currently have an individual interested in our property.

Let us know what the process is to begin applying for a short sale. We would like to resolve this issue as soon as possible and we appreciate your prompt attention to this matter.

Sincerely yours,

Bill and Mary Sydney

Sign your names here

Loan number

Retype your address here

Telephone number with area code

Email address: if available.

All documents related to your application must be placed in an envelope and sent to your financial institution via the United States Postal Service – Certified Mail with a requested return receipt. This will ensure that you have proof of delivery. Someone will have to sign the form upon delivery and this receipt will then be returned to you by post.

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