This worksheet will help you write the hardship letter that you need for your loan modification. A hardship letter is something that all mortgage companies will need to consider you for loan modification. This is an opportunity to appeal to them for a rate and/or balance reduction. It is important that you not use your hardship letter to complain to what they have done or not done for your situation. Also, be honest and represent the facts clearly. The letter must show the situation/legitimate excuse that caused you to fall behind (Do not say you have too much debt, that's not a good excuse). Press the print button on the right to print.

I/We are having problems making our monthly mortgage payments because of fmancial difficulties created by (Pick all that applies):

Explain EACH of the financial difficult you picked above.

Also include when the situtation/difficulty happened? Include a date if possible.

How many children/grandchildren do you have?

What are their ages?

Do you have any other dependents?

How many occupants are in your property?

What are you doing to better your situation?

What happened to make you fall behind? Please be as specific and detailed as possible.