When you apply for a mortgage modification ... If the loan is in two people’s names, each borrower should sign and date the letter. A succinct, well-reasoned hardship letter improves your ...

Close the hardship letter with an apology and an expression of your desire to reach a mutually beneficial resolution. Say you are willing to discuss alternate repayment terms. Include your phone ...

It also provides an outline for what you will cover in the body of the letter. I am writing to request financial hardship assistance with my (mortgage/credit card/student loan/auto loan/personal ...

Acceptable reasons for a hardship to include in a letter. Reduction in income or loss of job. Marital difficulties or divorce. Illness of yourself or family member. Birth of a child. Increased ...

Your hardship letter details the personal situation that led you to seek mortgage loan modification. Your lender determines whether you qualify for modification based on this information ...

You'll need to prove significant financial hardship to qualify for a loan modification, usually through documentation such as a termination letter from an employer or copies of medical bills.