SAMPLE HARDSHIP LETTERThe purpose of a financial hardship letter to mortgage company is to explain why you are not able to make your current mortgage payments. This letter must be very detailed and describe your hardships, living situation, job loss, divorce, unexpected medical problems and financial losses. Below please find a sample hardship letter you can use as a guide. Don't forget to get them emotionally involved by your particular situation and economic distress. (Date) (Lender Name) RE: Hardship Letter - Short Sale for (your address) Dear Creditor: I am writing this letter to explain my current financial situation. Due to (laid off, slow business activity, unexpected medical emergency) I am struggling to pay my bills and have fallen behind on my car, electric, phone and mortgage payments on the property located at ( your address), My home was purchased in (month) of (year) but since then I have suffered with the slow down on the economy and the current real estate crisis in America. It has become increasingly difficult to keep my financial obligations and sustain a home mortgage that now is ($) per month. Since I (lost my job, got into an accident, car broke down,...) my financial situation is at the point that I can barely make ends meet to put food on the table for my children. I have been trying to sell the house through ads in the paper and several people have showed up and demonstrated interest in purchasing it. Unfortunately they have offered lower than expected due to some work needed in the property. I ask that you please accept the amount of ($) offered on a Short Sale as it is the best offer I’ve had received. I deeply appreciate if you could work with my buyer who is willing to pay more than anyone else for the property in its current condition, so I can settle my debt with you. Enclosed please find receipts and documents (late notices on my car, my bank statements from the past three months, last year's tax returns,) and anything else I can find that shows the financial trouble I am going through. I am deeply disappointed and humiliated to be in this situation and would like to avoid the further embarrassment of a negative credit connotation of foreclosure. If you have any questions, please contact me at (your phone # with area code.) I, (your name), state that the information provided above is true and correct to the best of my knowledge. Sincerely, (Home Owner Name) Return from Sample Hardship Letter to Home page.
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