How to Write a Mortgage Hardship Letter

Writing a mortgage hardship letter is something that many homeowners have to do when they are trying to get a loan modification or a short sale. It may seem difficult to write a mortgage hardship letter, but when you know the basic process behind it, it becomes very simple. Here are the basics of how to write a mortgage hardship letter.


When you are writing a mortgage hardship letter to your lender, you want to make sure to keep it very brief. Many people go into this process thinking that you should write a six page letter and give the company every last detail about your life. The mortgage company does not want to hear all of the individual details of your life. Instead, they want to know the important details and the facts. Try to keep your letter to about one page and possibly two pages if you need more room. This is going to make it much easier on the mortgage lender and much easier on you as well.


When you are writing your letter, you want to try to use emotion to your advantage. Try to evoke as much emotion from them as possible. Someone is going to be reading your letter for the mortgage company and they are a person too. You need to be able to try to make them look at your situation from your point of view. If you can touch their emotions, you are going to have a much better chance of success with your hardship letter.


You should also try to be as specific as possible with the reasoning behind missing your mortgage payments. Do not provide them with vague statements as to the reason that you got behind. Instead, give them something tangible that they can see. By doing this, you are going to be able to give them specifics and they will be much more likely to understand your situation.

Be Humble and Grateful

Throughout the letter, you should try to be humble and grateful. This is not the time to rant or rave. You want to be very grateful that the mortgage lender is even considering giving you some help. It is not a mortgage lenders fault that you are in financial trouble. Therefore, you want to thank whoever is reading this letter for the opportunity instead of blaming them. By remaining humble and grateful throughout the letter, the person reading it will respect you much more and be much more willing to help you out.


Do not forget to tell them why you are writing a letter. This should not be a letter that is completely composed of "sob stories" or anything along those lines. Why you want to evoke some emotion, you do not want to avoid giving the reason for the letter. If you want a loan modification, do not be afraid to ask for one.