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Hardship Letter -SampleDate: Lender s Name: Lender s Address: Re: Your Loan Number Dear Loss Mitigation Manager: My name is/Our names are and I ve/we ve been paying the mortgage on our home at Address.

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Lender guidelines almost always require the borrower to have experienced a hardship that has made the current payment amount unaffordable. A valid financial hardship is an event that was generally unavoidable or outside of your control, like the death of a coborrower, job loss, or a divorce. Ability to pay.

A document that explains your circumstances in a certain situation, a hardship letter usually shows that you're unable to pay debt. To request for special consideration, a person struggling with his or her finances uses a hardship letter known as a financial hardship letter.

Name, address, phone number, date, loan number. Short introduction asking for permission to sell your home in a short sale. Hardship details and neighborhood comparables. Assertion that the only other alternative is foreclosure.

Name, address, phone number, date, loan number. Short introduction asking for permission to sell your home in a short sale. Hardship details and neighborhood comparables. Assertion that the only other alternative is foreclosure.

variable noun. Hardship is a situation in which your life is difficult or unpleasant, often because you do not have enough money.

Hardship Examples. There are a variety of situations that may qualify as a hardship. ... Keep it original. ... Be honest. ... Keep it concise. ... Don't cast blame or shirk responsibility. ... Don't use jargon or fancy words. ... Keep your objectives in mind. ... Provide the creditor an action plan.

The Reasons for the Hardship. Be CLEAR about what your hardship reasons are! ... Be Specific about your Hardship. ... Gather supporting information and Market Conditions. ... Writing the Letter. ... Distribute!

Writing the body of the hardship letter In the first paragraph, state that you are requesting a loan modification. Explain the financial hardship that prompts you to make the request. Some of the financial hardship reasons for loan mods include: Job loss or decrease in income.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Content Takedown Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232