Loan Modification, Refinancing, Loan Workout

Free Hardship Letter Sample

The free hardship letter sample below is designed to ask your creditor to re-exam your mortgage loan situation and help you qualify for a refinancing, loan extension or mortgage loan modification agreement.

A hardship letter is often used to renegotiate delinquent debts by offering or asking for a solution that will help save the property from foreclosure.

Circumstances that might constitute a legitimate hardship in the eyes of a lender: Job Loss, Disease or death in the family, Military service, Medical bills, Reduction of income, Business failure, Significant increase in interest rate or loans, Injured at work, Victim of fraud, Natural disaster.

A proof of home owner's legitimate hardship is usually necessary in order for a bank/lender to consider refinancing or allowing a short sale of a home.

Remember to: DESCRIBE the hardship in detail, EXPLAIN your plan to get back on track, MENTION the steps you've taken to correct the situation, ASSURE the lender that you are a truthful, responsible homeowner who is motivated to keep your home if given the chance. Here's a free hardship letter sample to stop foreclosure. You can copy and paste the format to your Word Processor. Make the changes to fit your personal situation, delete or add information as necessary.


    (Company's representative)
    (Company's Name)
    (Phone #)

    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.


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

Synonyms and definition of the word HARDSHIP: adversity, difficulty, hardness, troubled times, asperity, misfortune, a hard to bear situation, circumstances of life difficult to endure, a condition in which excessive and painful effort of some sort is required.

How to Write a Letter of Hardship
Free Promissory Note Template
Debt Negotiation Technique
Sample Repayment Agreement

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