Short Sale Home » Seller » Example of a Hardship Letter

If you are doing a short sale, here is an example of a hardship letter that you would send to the lender when having your home considered to be a short sale.

Date

Lender Name
Address
Loan Number

Re: Hardship

Dear Sirs,

Our names are (insert names) and I’ve/we’ve been paying the mortgage on our home at (insert address) for (insert number of years) years now.  We have done everything in our power to make ends meet but unfortunately have fallen short and would like for you to consider working us to modify our loan.  Our number one goal is to keep our home and would appreciate the opportunity to do that.

Explain your hardship (include dates and specific incidents that caused you to get behind and explain how it could be resolved.  A hardship can include: Adjustable rate mortgage reset shock, illness, loss of job, reduced income, failed business, job relocation, death of spouse or co-borrower, incarceration, divorce, death, military duty, marital separation, reduced income, medical bills or damage to property via a natural disaster)

(Explain what steps you’ve taken to correct you financial position to cut back on spending, canceled spending – like cable and if you’ve met with a Credit Counselor).

We would appreciate if you could work with us to lower the delinquent amount owed and/or payments so that we can keep our home.

We truly hope that you will consider working with us and are anxious to get this settled.

Sincerely and Respectfully,

Borrower(s) Signatures

Tags: adjustable rate mortgage, hardship letter, natural disaster