RE: (home address)
Account number: (#)

Dear (Ms/Mr. Johnson:) OR (To Whom It May Concern:)

I am writing this hardship letter to explain the reasons why I have fallen behind on my mortgage payments and ask you to work with me on a refinancing option, principal reduction or loan modification.

Because of the down turn in the economy, my employer has (cut down my hours, laid me off, my business has slowed down).

On top of that my (son, daughter, wife) has (fallen ill, suffered an accident) and the medical expenses has taken all of our savings.

I am doing my best to maintain afloat and have been working on different jobs since, but it doesn’t even comes close to the amount of money I used to make. That, along with the rising on mortgage payments, made my financial situation extremely difficult, as I never have experienced before.

Our family home is very important, and with your help and the bail out money the government has issued to banks in order to reduce mortgage payments and help struggling homeowners like me, I am sure I will be able to save my home from foreclosure.

Enclosed, please find documents that will prove my hardship at this moment. (Include pink slips, medical bills, bank statements, late notices,... and any other document that will prove hardship.)

I am humiliated and ashamed for being in this position and have no choice but to ask for your help in this matter.

Please review my case and lets work together to find the best solution to this delicate situation. You can reach me at (your daytime Phone numbers)

Thank you for your time and consideration.

Sincerely,

(Your Name)
(Co-signer Name)
(Address)
(Daytime phone #)
(Account #)