This is a post is for Denise Cox who commented on the how to write your own hardship letter page of this site. In the turmoil of the mortgage crisis its not just homes being foreclosed on but also peoples vehicles. Many of whom require it for their very livelihood, so this auto hardship letter is for you Denise… good luck.
Intro (lead your letter with your basic information for an easy read for who is processing your paperwork including; your name, address, lender name, and account number)
To Whom It May Concern:
I am writing this letter to explain my unfortunate set of circumstances that have caused us to become delinquent on our mortgage. We have done everything in our power to make ends meet but unfortunately we have fallen behind and would like you to consider working with us to make sure you are paid in full.
The main reason that caused us to be late is …. (insert reason here and don’t be too lengthy and long winded) … We had fallen further and further behind. Now, it’s to the point where we cannot afford to pay what is owed to …(lender goes here). It is our full intention to pay what we owe. However at this time we have exhausted all of our income and resources so we are turning to you for help.
(The approximate date of hardship and we believe that our situation is Temporary or will be Permanent.)
Our situation has got better because… (explain how things have gotten better or going to, you’ll have to sell them on it)
We truly hope that you will consider working with us and we are anxious to get this settled so we all can move on.
Sincerely and Respectfully,
Borrower’s Signature
Date
Co-Borrower’s Signature
Date