Hardship Letter Template

Regardless of the specific situation, there are a few important guidelines, a basic hardship letter template, that you should follow if you want to draft a well written hardship letter:

1. In the first paragraph of your hardship letter, state exactly what you are requesting. This may be a modified loan payment or a short sale.

2. Early in your hardship letter, summarize the specific situation that has prompted you to write the letter. Provide more details in the later paragraphs.

3. Make sure that you personalize your letter as much as possible. It will be read by your lender's loss mitigator (a real human). Include details about you and your family that will get him or her to identify with your situation as a fellow human.

4. Keep your letter short and to the point. One page is perfect. A hardship letter that is too long will tend to lose the reader.

5. Be respectful and thank the lender in advance for considering your situation. To reach the point where you have to write a hardship letter means that you are in deep financial trouble and this is basically your last resort. As angry as you may be DO NOT blame anyone, especially the lender.

For in depth help with your hardship letter visit ShortSaleHardship.com.

In addition to the hardship letter your mortgage lender will need a number of other essential documents. The professional guide at ShortSaleHardship.com goes into great depth on this subject. However, I will briefly touch upon it below.

You'll need to include a financial statement presenting all income, assets, and liabilities, as well as your last two bank statements. You will also need to include your pay stubs to verify income. The final major piece of information you'll need is two years of tax returns along with the W-2's.

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