Hardship Letter Example A Mortgage Loan Modification. During a loan modification program or workout, your lender or service provider may request that you submit a hardship letter. I made the last payment on 01/01/2020.
Among the things your lender will ask for you to supply during the loan workout procedure is a loan modification hardship letter.a hardship letter is fundamentally a letter you write to your lender describing the scenario you’re in and you’ve defaulted in your mortgage. Get the help you need to apply and qualify for a mortgage loan modification by ordering and downloading the best selling handbook for homeowners, the complete loan modification guide. This letter is the place where the borrower can express his or her financial troubles in personal terms to have the best chance to stop a foreclosure or receive better terms on an outstanding loan.
My intention is to stay in my home, and my hope is that the loan modification will allow me to get my loan in order and back on the right path.
This letter explains the difficult situation which caused me to fall behind on my mortgage payments. I am writing this letter in support for my loan modification plan for the {mortgage, loan, etc.} on the {home, car, etc.} located at {address}. Write a loan modification hardship letter with samples. A loan modification hardship letter is a formal way to request a modification to a loan.