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 ...

In the same vein, the spate of loan modification scammers who have taken thousands from already struggling homeowners in return for false promises to fix their broken adjustable rate mortgages (ARMs), ...

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.

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 ...

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 ...

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 ...