Sample Mortgage Hardship Letters For Loan Modifications. How to spot loan modification scams; Below you'll find a free loan or mortgage modification letter sample you can use to send to your financial institution and hopefully get the mortgage adjustment or loan modification agreement that will help you keep your family home.
Request for forbearance on mortgage loan. Hardship request due to unemployment. The goal of your hardship letter is to convince your lender that you’re worthy of a loan modification.
Lenders may seem to be cooperating in the loan modification, but be aware that an alarming amount of lenders continue with the foreclosure process as you work thru the loan mod process.
This letter is an opportunity for you to highlight your financial difficulties and to prevent a foreclosure for the case of a mortgage. 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. This sample letter provides a modification request based on income loss resulting from unemployment. Below you'll find a free loan or mortgage modification letter sample you can use to send to your financial institution and hopefully get the mortgage adjustment or loan modification agreement that will help you keep your family home.