Have you been attempting to modify your current mortgage loan with a mortgage loan modification? Have you been thinking exactly what you must say to your loan provider? Don’t you think about whether you should telephone or write a letter? In that case, are you intimidated about what to write in your letter?

Ideally, your hardship should be explained via letter, however it must not be lengthy and drawn out. Don’t forget, the banks are receiving tons of these letters, and they don’t have enough time to spend reading lengthy, drawn-out sob stories. Your letter should be a maximum of one page; it should be clearly written; it needs to be concise and to the point. It must contain your account number, name, street address, and contact info. It must be addressed to your loan provider. The following is a sample hardship letter:

To whom it may concern: I, (your name), request a mortgage loan modification with a back payment and late fee waiver. Because of conditions beyond my control, I’m not able to keep current on my mortgage installments to (your mortgage company). I am seeking your help so that I can resume payments on my home and prevent foreclosure.

Since (date the difficulties began) I have endured an increase in expenses (describe cause for increase). Since (date difficulty started) I have experienced a reduction in (explain reason for decline in income). In (date you started to be past due on payments) I exhausted all my resources and was not able to maintain my loan payment. I’m requesting your assistance in saving my home from foreclosure.

(Describe how you feel the adjustment will help you in maintaining your house. Describe how much time you feel your circumstance will last, and exactly how and why you think it will improve in the future.)

I am able to (express when or how much you can make in payments or just how much you’re capable of paying in back payments if necessary). (Express why you believe it’s in your own and their best interest to work together on an agreement.

Best regards, Your full name

For more examples: successful loan modification examples

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