A Sample of Hardship Letter

Date:     
To:     Whom it May Concern
Re:     Client’s Name and Loan Number
          Reason for Delinquency

At the time we bought our home I was working for _______. I worked for this company for more than ____years. However, in May of 2011, I was let go from _______without cause. I disputed the case and I am back at work. However, in a different department with only one third of my previous pay. // OR I then was out of work and I could not receive unemployment.// This prevented us from making our mortgage payments. In addition to the fact that I was fired, my family member has also had medical problems.

We do want to save our home and do not want to lose it to foreclosure. We are accustomed to paying our bills on time. Both my wife and I realize that our delinquency is early in our contract, however the circumstances which have brought us to this juncture in our life we could not control. We are asking for your consideration and help.

Although we are not in a position to bring our mortgage current, things have stabilized. We are seeking your assistance under the loss mitigation program. We are requesting consideration for a loan modification or other loss mitigation options. We have gone for counseling and we are seeking counseling from _______________. We have been advised by our counselor to continue to save as much money as we can during this process.

Thank you for your time and consideration in this matter.