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 How to write a Hardship Letter
What should I write in a Hardship letter to get the Mortgage Company to give me another chance? A Hardship letter is something most Mortgage Companies will require to consider you for a “Work Out”. This is your opportunity to appeal to them to give you anther chance. This should not be used to complain to what they have done or not done to make your situation worse. This letter must be honest and represent the facts clearly. It must prove to them that the situation that caused you to fall behind was temporary and you are now in a position to make your payments on time. You must also have a legitimate excuse for falling behind… financial problems in itself would not be an adequate excuse. Loss of a job, death in the family or an illness would be an acceptable reason to fall behind on your Mortgage temporarily. Here is one example of a letter that the Mortgage Company is looking for. Please allow us to get you the foreclosure advice you are seeking. The hardship letter should be written in order as the events had occurred to today’s date. We can stop foreclosure on your home. Remember... the hardship letter is just on piece of the workout puzzle. You need to meet other criteria for the mortgage company to approve you for a workout. If you don't know where to start, visit our foreclosure help page. There you will find sound advice on what to do if you are in foreclosure For more information in regards to writing a hardship letter please contact us at: Financial Counselors of America Write us a Hardship Letter for review: |
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