How to construct a letter of hardship.

gldstwmn63 · Joined: 17 Nov 2007 Posts: 1 1.49 Dollars($)

Exact statements for writing a hardship letter "Why we can not afford our monthly mortgage payments, to convince mortgage company to reduce monthly payments.

jenkin7 · Joined: 04 Jun 2007 Posts: 939 140.80 Dollars($)

Hello Gldstwmn,

The hardship letter has to convince the mortgage company about your financial problem, so that they might reduce your monthly payments. The letter should contain the reason for your hardship and how you want to resolve the debt.

You will find a sample hardship letter here at http://www.mortgagefit.com/know-how/about7067.html#hardshipletter
Have a look at it.

This sample letter contains a request for a short sale, in your case you will have to change the wordings to make a request for reducing the monthly payments.

Hope this helps you.

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