subject: Sample Hardship Letter for Mortgage Reduction [print this page] Sample Hardship Letter for Mortgage Reduction
For many people who have gotten themselves into financial difficulties there is a chance to get out of this situation simply by explaining the situation to a lender who is willing to listen. Because of the recent government backing of the lending institutions lenders are encouraged to help you sort out your financial situations. This requires the borrower to write down their situation in a letter. This is not as difficult as it seems because now you can get sample hardship letters to help you through the process.
In essence writing a hardship letter to the lender is an appeal to them that you are worthy of staying in your home. This is not a complaint rather it is a written statement that you are having financial difficulties and requires help from the lender so that you can keep your home. A sample hardship letter is designed to help those who have difficulty with such an undertaking but it will also help good writers get their points across.
With most people in financial distress there isn't one item that has brought them down. It usually starts with the loss of a job or some other large financial blow that causes a shortfall in the home budget. It could be the loss of a job or a sickness in the family that wiped out hard-earned savings and finally begins to eat away at cash flow. With the new government programs in effect lenders want to know your story and this begins with studying a sample hardship letter and writing one of your own. This is your testament to what happened in your financial situation and how you intend to do your part to make it better.
A sample hardship letter makes it easy for anyone without writing skills to write a concise, easy-to-read letter that will get the main points across to the lender's loss mitigator. Basically, it gives you a template of an effective hardship letter and even gives the proper grammar.
The Main Points of Sample Hardship Letter
1. Reason in Subject Line: In a short sentence you will explain to the loss mitigator the reason for writing your hardship letter. Because it is in the subject lien the person in charge will have the point before reading the body of the letter.
2. Brief Document: The sample hardship letter will keep on point. There is no reason to tell your life story here and you will be kept on track.
3. It's Personal: The person reading the letter will get to know you through this letter. Your name will stick in their memory because it's human nature to want to help people you know.
4. Clear Points: The sample hardship letter will keep you on track with concise paragraphs and a summary.
5. The Whole Hardship Kit: The instruction with the sample hardship will help you get a list of the documents you'll need to send along. These should include bank statements, income tax statements, letters of reference. etc.
6. Your Appreciation: Because this person is there to help you your sample hardship letter will a few sentences of appreciation. This will also help cement your situation into the mind of the loss mitigator. People in tough jobs like to be appreciated.
