How Do You Write Financial Hardship Letters?
Hardship letters are required by most mortgage companies before you will be considered for a workout option. They provide you with an opportunity to appeal to the mortgage company and convince them to give you another chance. Follow these step by step instructions to write hardship letters. Each section is followed by part of an example hardship letter. Begin with your name, address, Mortgage Company, and loan number. Place this information at the very top of the document to make it easier for your reviewer(s) to know exactly who you are. Here is an example of an acceptable format: Name: Susan Smith Address: 123 Main St. Sunnyvale, CA, 12345 Mortgage Co: Best Ever Mortgage Company Loan no: 123456-2134 Create an opening statement that is brief and to the point. Do not ramble or beat around the bush here. Here is an example of an acceptable opening statement for financial hardship letters: I am requesting that my financial situation be reviewed to see if I qualify for a workout option. E
