Writing A Hardship Letter Abandonment

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If you own property, particularly commercial real estate, you may find yourself in significant financial hardship as a result of abandonment. Abandonment happens when tenants leave, usually unexpectedly, and you are unable to immediately find replacements. The result is that you may have to sell your property. Because commercial real estate is so expensive to hold, it is quite common for property owners to request a short sale.

A short sale is a process in which you sell the property for less money than the outstanding balance on your mortgage. In a short sale, the lender has to agree not just to do this, but also to dismiss the difference between the money collected and the money owed. Lenders may be willing to do this if it is demonstrated that holding the property and eventually moving into foreclosure would be more expensive.

Basic Content of the Hardship Letter Abandonment

A hardship letter is a formal document that must focus on facts. You have to keep it short and to the point, trying to fit all the information on a single page. Attach any documents you have to prove each of your points, such as a property valuation, details of your tenants, when the tenants left, an income statement, the short sale offer, and so on.

You must start your letter by explaining which building you own, and the type of building. State that you hope to come to a short sale agreement. Explain what your current mortgage payments are and that, in order to make those payments, you require at least a certain number of tenants to be in the property. However, your property has now been abandoned, which means you are no longer able meet that requirement. Make sure you indicate why your property was abandoned and when.

Explain Why the Situation Is Unsustainable for You

Indicate your current rent figures as well as how much money has been invested in renovating and repairing the property. Explain what other steps and measures you have taken in order to reduce your outgoings and save money. State that, despite all of that, your tenants have still chosen to abandon the property. This could be due to certain issues, such as a housing crisis or property damage, for instance. Basically, what you must demonstrate, is that the result is a substantial loss of income on your part.

Your letter must make it clear that the current situation is unsustainable for you. This means that you will not be able to keep up with the mortgage payments, and that you may soon have to file for bankruptcy. Explain that, if at all possible, you would prefer to circumvent or avoid that, and that you feel a short sale could be an appropriate solution. You should only make a request for this, however, if you have already received a short sale offer. Hence, make it clear who has made the offer, when, and the offered amount.

Remember that there is no guarantee that your request will be accepted. However, if you can demonstrate that it is in your lender’s interest to do so, you may have a chance.

Hardship Letter Abandonment Example

{Your Name}
{Your Address}
{Your Phone #}

{Date}

To Whom It May Concern:

I am writing this letter to request the short sale of my {building type}. In order to meet my mortgage payments, I require the rent from {number} tenants. However, due to the {location/condition of the property/etc.}, the property has been abandoned.

I currently charge {amount} for rent per person, and I have invested {amount} into property repairs. I have also {additional steps to save money}. However, due to {property damage/housing crisis/etc.}, my tenants have abandoned the property and I no longer have a steady stream of income.

Soon, I will no longer be able to meet the loan requirements and will have to file for bankruptcy. I am hoping to circumvent that chance with a short sale of the property as soon as possible.

Attached are the necessary documents outlining the property value, damage, repairs, and upkeep costs. I am grateful for your assistance in this matter.

Thank you,

{Sender Name}

Writing A Hardship Letter Damage To Property

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Sometimes, property damage can force you to become unable to pay your bills. For instance, with the recent hurricanes, Harvey and Irma, people have found themselves in significant financial difficulties. Insurance companies are slow to pay out, if they pay out at all, and some people have found that they have to replace virtually everything in their home. Many have also found themselves unable to work due to property damage at their place of work, which in turn means they are experiencing a financial hardship. In those cases, it may be possible to write a hardship letter, which is usually written to a mortgage company.

Tips on Writing a Hardship Letter Damage to Property

Your letter should be written formally. It should also be free from spelling and grammatical errors. Hence, make sure that you request someone to proofread your letter before sending it. In the letter, make it very clear what you are requesting specifically. This could be:

  1. Loan delinquency forgiveness
  2. Leniency in payments
  3. A full loan modification

Do also make sure that you indicate what is the financial product that you now have difficulty in paying. This could be a mortgage, but it could also be a car loan, a credit card, or any other financial product. Do also include your account number and personal details so that it is easy for the company to find you.

Avoid Being Emotional

You should then explain that you are currently experiencing financial hardship because of property damage. This is about being factual, not about being emotional. If you have experienced damage as a result of a hurricane, for instance, your creditor knows that you are going through difficulties. They are more interested in hearing how this hurricane has impacted your finances, not how you feel about it.

Be Clear as to What You Are Requesting

You should then make it clear what you are asking for specifically and for how long. If, for instance, you know that you will get back to work after several weeks, then you need to indicate this. If, on the other hand, you genuinely have no idea of how long the hardship will continue, then you must indicate that as well.

Describe the Damage to Your Property

Next, you have to explain the extent of the damage to your property. Make sure that the incident is dated, and that it is clear which property was damaged. Do also make it clear whether or not you have insurance and whether or not they have agreed to pay out on your bills and, if so, by how much. Document this as much as possible, including copies of the letters sent between you and your insurance company, photographic evidence, and so on.

Explain the Amount of Money Required for Repairs

Continue to explain that you currently require as much money as possible to repair or restore your property and that you will be unable to do so if you have to meet your financial obligations with the company you are writing to as well. It is of particular importance that you keep your creditor in the loop, showing how much you have been able to get ahead by not making payments so far.

Hardship Letter Damage To Property Example

Writing A Hardship Letter Keep House

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When you buy a home, you do so with the intention of staying there for a long time. Nobody wants to start a mortgage expecting it to go into foreclosure at some point. However, there are situations beyond your control that may push you towards that. If that has happened to you, and you want to keep your house, one option is to write a hardship letter to your mortgage provider.

Basic Tips in Writing a Hardship Letter to Keep House

This letter is a formal letter that must be written to the right person, in the right department. It is also highly likely that your mortgage lender has a standard form that you must complete. Hence, it is advisable to contact your lender first to ask for this form, and to find out to whom you should write to.

As a formal letter, it should be properly formatted, dated, and free from spelling and grammar mistakes. It should also hold your account number in the subject line, as well as other identifying information so the lender can confirm who you are.

Content of the Hardship Letter

Your letter should make it clear that you want to keep your house. A lot of people who experience hardship are in the process of selling their property and therefore simply want an extension of payments. Others want to request approval of a short sale. It is vital, therefore, that you start your letter by stating that you are experiencing hardship, but that you want to remain in your home.

State how important your property is to you and your family. Give a brief description of your family makeup and how you would be affected if you and your family were forced to leave the property. State that your home is at the heart of your family, educational, social, professional, and spiritual lives. Write that you would like to come up with a loan modification or forbearance plan that will enable you to keep your property.

Explain what has forced you to become delinquent in your payments and make sure that you include documented evidence for that. Examples may include losing your job, the death of a relative, incarceration of the breadwinner, a sudden illness or disability, and other such situations. All of these are situations that are beyond your control, but have caused you significant financial hardship.

Next, you must propose a solution that you believe to be mutually beneficial for you and the lender. Loan modifications of this kind tend to be temporary only. For instance, state how long you will be able to making reduced payments, and in what amount. Also explain how you intend to repay the amount that you will have missed as a result of this modification. Do not make any promises that you cannot keep, however. It is better to only offer $5 a month and pay that, than to offer $500 and not be able to make the payment. After all, your lender is only likely to give you such a chance once.

Hardship Letter Keep House Example

{Your Name}
{Your Address}
{Your Phone #}
{Your Loan #}

{Date}

To Whom It May Concern:

I am writing to you today concerning my mortgage foreclosure. This home is extremely important to me and my family, as it is in the center of our professional, social, educational, and devotional lives. I would like to work out a forbearance plan or loan modification that would allow me to keep the house.

My inability to pay the mortgage on my house has arisen from {specific and detailed situation. Family problems, medical emergencies, death, loss of income/job, etc. Attach documents as necessary to prove financial hardship}.

I would like to propose a temporary loan modification plan. With my savings of {amount} I can make a reduced payment of {amount} from now until {date}, when I shall hopefully {resolution of aforementioned problems}. At that time I would resume paying the previous amount of {amount}. I hope that I have made it clear how necessary my home is to both me and my {members of family}. It is critical to our daily lives in {specific ways} and we cannot afford to lose it at this time.

Thank you for your time and consideration.

Sincerely,

{Sender Name}

Writing a Hardship Letter Principal Reduction

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If you want your mortgage to be modified, one of the ways of achieving this is by writing a hardship letter principal reduction. It is vital that you write this in the correct format and that it includes everything that a lender is looking for. Let’s take a look at the key elements of this kind of letter.

1. The Start of the Letter

Before you write your letter, you need to speak to your lender to find out to whom you need to write to. Make sure that you spell names correctly and do also ask for an extension number so you can ring them for a follow up. The first line of your letter should be the lender’s name, followed by the address details. Then date the letter and write the name of the person you are sending the letter to under that. After that, you include the RE: line, which references what you are writing about. This is where you should put your loan number.

2. The Body of the Letter

It may be tempting to put lots of information in here, but it is more important to just present the facts. Simply state that you are asking for a principal reduction because a loved one has died, you have suffered an illness, you have lost a job, or any other reason. You should also state that you have done everything possible, such as decrease your expenses and search for part time work, to ameliorate the situation, but you are now experiencing a financial difficulty.

Make sure that you make it very clear that you want to keep the home, if you do. If you do not state this, the lender may simply help you sell your property instead. Hence, you need to come up with solutions. For instance, you can request a balance reduction, a lower adjustable rate, or anything else that can help you get back on track.

If you have already gone through the Home Affordable Modification Program, make sure to inform your lender about this as well. Tell them everything that you have done so far to fix the problem. For instance, you can tell them that you have sought legal advice (include contact details), have tried to refinance, or have searched for a new job.

3. Ending the Letter

You need to end the letter formally, making it clear that you are eagerly awaiting their response, thank them for their consideration, and request an acknowledgment of the receipt of your letter. If you have added any documented evidence, such as pay slips or medical bills, list those underneath your signature. Always proofread the letter, preferably asking someone else to do it for you or, if that’s not possible, re-reading it the next day with a fresh pair of eyes. Always make sure that you keep a photocopy of the letter and its attachments, and that you send it through registered post. After around one week, call the lender by phone for a follow up and to check if they have received your letter if you have not had any confirmation.

Writing An Eviction Hardship Letter Casual

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If you are experiencing financial hardship, it is possible that you are unable to pay your rent. In an ideal situation, you will have written a hardship letter to your landlord long before you started to face eviction. However, there may be situations where that was not possible, and you are now in fear of that notice from your landlord. Meanwhile, if you rent from a private landlord, it is likely that you have some sort of personal, perhaps even amicable, relationship with him or her. Hence, you may be able to write a casual eviction hardship letter.

Basics of Writing the Casual Eviction Hardship Letter

Although you will be writing this letter in a less formal style, it does not mean that you can write it on a napkin and not pay attention to what you say. Rather, it means that you can put a little bit more feeling into what you want to write. Hence, it should still be written neatly, on proper paper, and in such a way that it isn’t filled with spelling and grammar errors. You might want to consider writing the letter by hand, rather than on a computer, but you then really have to be confident about your spelling.

What to Say in the Hardship Letter

In the letter, start by expressing your apology for being unable to pay your rent. If you are facing eviction, you must have had several arrears in your payments, which means you have not been a good tenant. You must own up to this in your letter. Explain that you know your landlord has already been generous and that he or she has shown a great deal of understanding but you are currently undergoing a certain situation (describe this). Make it very clear that you are genuinely thankful for being understanding and that you do not wish to take advantage of the landlord’s kindness.

Next, request your landlord not to push through with the eviction. Point out that you really understand how serious the situation is, and that you understand the position of the landlord in serving the eviction notice. Indicate when you expect to have the money for the rent or your proposed schedule for paying your arrears if you plan to pay in installments. Do also offer something else as a goodwill gesture. For instance, you may want to invest in a certain repair project yourself or landscape the garden at your expense.

If your financial situation is now under control, indicate that in your letter and that you plan to pay all future rents promptly. On the other hand, if your situation has not yet stabilized, explain what you are doing to remedy the situation and your proposed schedule for paying the balance. You must demonstrate that the rent payments are now a priority for you. For instance, you could provide evidence of setting up a standing order with your bank, so that the landlord can see that the rent will take precedence over any other bill that comes out of your account. End your letter by once again thanking the landlord for his or her kind consideration.

For more sample hardship letters, click here.

Eviction Hardship Letter Casual Example

{Your Name}
{Your Address}
{Your Phone #}

{Date}

Dear {landlord}:

I am so incredibly sorry for being late with the rent again. I know that it was due on {date} and it is now {date}. You have been so generous and understanding in the past as I wrestled with {situation}, and I don’t want to take advantage of your kindness.

Please don’t proceed with the eviction. I definitely got the message when I saw your {letter/notice on the door}. I have the rent money and will {bring/mail} it to you immediately. Additionally, as a show of good faith, I hope you will allow me to {gesture such as upkeep of yard or repair projects}.

I promise you that I now have {situation} under control and will make prompt payment of the rent my top priority from here on out.

Appreciatively,

{Sender Name}

Writing A Hardship Letter To Bank Of America

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If you have a loan with the Bank of America and you find yourself in a situation of hardship, you could consider writing to them to ask for some sort of reprieve. It is very important, however, that you follow the accepted rules when it comes to these letters. This starts with identifying your hardship, and whether what you are experiencing counts.

What Is Hardship?

Hardship is a situation beyond your control that negatively affects your finances. For instance, the death of a family, a loss of a job, a sudden illness, a job relocation, divorce or separation, or an involuntary reduction in income, are all reasons for hardship. Generally speaking, this is also of a temporary nature.

Hardship letters are formal documents and must be treated as such. They should be properly addressed and written without grammar or spelling mistakes. The subject line should also include your account number. Furthermore, the letter should be short and to the point, focusing on facts rather than feelings.

How to Start Your Hardship Letter to Bank of America

Start your letter by explaining that you currently live in a property onto which a Bank of America mortgage has been secured. State that you have fallen behind on your payments, adding a specific date, and that you hope to come to a resolution. Explain that you are currently experiencing a situation of hardship and evidence this. Include copies of medical statements and bills, job changes, legal divorce proceedings, and so on. Again, make sure that you add the date of each of these happenings, so that the lender can create a timeline.

Make Your Proposal and Indicate How Long This Will Continue

You should then make an offer, which has to be one that you can afford. Do not make any promises that you will be unable to keep, as this will leave you in a much worse situation. Indicate exactly how much you are able to pay and from what date. You should also state any proactive steps you have already taken to lower your expenses, such as budgeting better and avoiding luxurious habits.

Finally, you should outline how long you expect the said situation to continue, and how you intend to repay the shortfall after the situation is resolved. Make it clear that you wish to remain in your property and ask whether there are any programs of the Bank of America that you may be eligible for. For instance, there is the Home Affordable Refinance program, the Home Affordable Modification program, and the Home Affordable Foreclosure program. Make sure that you indicate which one you are interested in.

Ending the Letter

End your letter by listing all your attachments. Those should, when put together, be a full financial statement of you and your current situation. If there is any other information that you believe may be useful, add it to the list as well. Finally, thank Bank of America for taking your letter into consideration and tell them that you await their response. Do keep copies of your letter and send it via registered post.

Hardship Letter To Bank Of America Example

{Account Number}
{Your Name}
{Contact Number}
Bank of America
ATTN: Home Loans
{Address}
{Address}

{Date}

To Whom It May Concern:

I am writing with regard to my home at {address}, which has a mortgage owned by Bank of America. I have been behind on my mortgage payments since {date}, and I am writing to begin the process of resolving this situation.

I fell behind on my payments because {detail the reasons for hardship, including medical problems, death, job loss, etc.}, which occurred {date}.

I am unable to pay the monthly payments as is, but I believe I can afford {amount in dollars} per month, beginning {date}.

My home {is/is not} up for sale, and the property taxes and homeowner’s insurance {is/is not} current.

I know that Bank of America has programs such as Home Affordable Foreclosure, Home Affordable Modification, and Home Affordable Refinance. I am interested in {name of the program that suits your needs}.

I have attached my financial information, including a detailed account of my income, recent pay stubs, and {any other information they’ve asked for or you think is relevant}.

It is my hope that we can bring a swift and satisfying resolution to this problem as quickly as possible.

Please contact me at your earliest convenience.

Sincerely,

{Sender Name}

Writing A Hardship Letter To Mortgage Company

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A hardship letter is a very important piece of communication that you may need to write if you are in financial difficulty and want to have your loan modified. It is very important that you write the letter in an accurate and polite manner, which may be enough to convince your mortgage provider that you are worthy of a chance to keep your home. It is normal to feel intimidated because you have to tell an institution some personal things and you are not guaranteed that your request will be accepted. However, not writing the letter may mean that your property will be foreclosed upon.

Consider the Various Options that You Have

The first thing you have to do is consider every other option. This is firstly because those options are often easier to be accepted for than a loan modification and, secondly, because your lender will want to see that you have already been proactive in resolving the situation. If there really is no other option out there, you must contact your lender and inquire as to whom to address the hardship letter to and what the letter should include. It is possible, for instance, that they have forms that you have to fill in. Mortgage companies change hands quite often as well, which is another reason why you must call them first: the company you took your loan out with may not be the one that still holds your mortgage today.

Estimate How Much You Are Able to Pay at the Present Time

You should then calculate exactly what you can afford in regards to payments. What you should never do is write a letter that leaves any questions unanswered. Rather, you have to explain that you are in difficulty, why you are in such a situation, and what it means. You should then state which payments you have already missed (if any) and you believe you will still miss (if any), and why. You should then explain how you intend to pay for those missed or late payments later on and when.

Explain the Facts of Your Current Situation

Finally, you need to provide the facts as to why you are in your current situation. That this is factual is perhaps of the greatest importance. They do not want to know how hard it is on you emotionally, as that is already a given. Rather, they want to know what happened, why it happened, how long you expect it to last, and how you aim to fix it.

For example, if you were hospitalized and this caused you to miss several days of work, as well as having substantial medical bills, indicate that. You must also state when you intend to return to work, and when your income will return to normal. You have to explain, at that point, how you intend to get back to making your regular payments, and also how you aim to pay for the shortfall once you are back on track. You must show yourself as being apologetic, proactive, and willing to come to some sort of arrangement. While all of that will not guarantee that your lender will agree, such things will usually make it more likely.

Hardship Letter To Mortgage Company Example

{Your Name}
{Your Address}
{Your Phone #}
{Your Loan #}

{Date}

To Whom It May Concern:

I am writing this letter to explain the reasons why I have {or will soon become} delinquent on my mortgage payments, and to request that we work together to avoid foreclosure on my home.

My income has become drastically reduced recently, due to {sickness, death in the family, job loss, etc. BE SPECIFIC}. The money I have remaining every month must go to {food, car payment, medication, etc.}. I have done everything in my power to keep up with the payments, but it unfortunately has become impossible {or will become impossible as of a certain date}.

I believe I can resolve my debt by {explanation of how you intend to pay them back OR a request that they provide a “workout” solution for your loan}.

Please understand that I know I signed a contract and that I am responsible for these payments. I am not attempting to shirk my responsibilities, but there is also only so much I can do when I still need to keep food on my table.

It is my intention to stay in my home, so I hope we can work out a solution as quickly as possible.

Thank you,

{Sender Name}

Writing a Hardship Letter to Wells Fargo

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If you want to write a hardship letter to Wells Fargo, then you have to start by explaining who you are. This means indicating your name and address, and including the fact that the mortgage is owned by Wells Fargo. Naturally, you should also indicate your account number. You then have to explain that you are in financial difficulty and that has caused you to miss payments, or that you expect to miss some payments in the near future on your mortgage, mentioning the relevant dates. Don’t forget to inform them that you wish to resolve the issue as soon as possible.

What to Include in Your Hardship Letter to Wells Fargo

Explain the reasons for your late payments. For instance, you may have had a medical emergency, perhaps a family member has died, or perhaps you have lost your job. You should also include any relevant dates in relation to this. You should explain that this situation has made it impossible for you to make your payments. You should also indicate what types of payments you can make, when you can start with those, and how soon will you be able to make those payments.

Do also explain that your property is not currently up for sale and that you are struggling with making insurance payments and paying your taxes, if that is applicable. You should also include any financial documentation that can prove what you are stating, such as a detailed income statement, your most recent pay stubs, and any information that you feel is important for them to know.

End your letter by explaining that you hope the resolution can be satisfying and swift for both yourself and Wells Fargo, and that you look forward to hearing from them. Last but not least, you also have to make sure that you meet all the requirements as stated by Wells Fargo.

Wells Fargo Requirements

Wells Fargo will only take a hardship letter if it provides a clear description of your situation and how this caused your financial difficulty. Examples include loss of job, illness, overextended use of credit, or a reduced income not by choice.

Additionally, Wells Fargo expects you to fully explain what you have done in an effort not to default on the loan you have with them. For instance, you have to demonstrate that you have already used up all of your savings, and that you have cut down on unnecessary expenses. Furthermore, they want to see what you hope to achieve, for instance, a reduced principal or a lower interest rate.

They also want to make sure that any further delays are avoided as much as possible. Hence, they recommend that you make sure that all your document copies are clearly legible, and that you only include any documents that have not been in any way altered. If correction fluid, for instance, is seen on the documents, they will not be accepted. Last but not least, you must make sure that you mention the number of pages in your document, counting even the blank ones, so that they can check that they aren’t missing anything.

Hardship Letter to Wells Fargo Example

{Account Number}
{Your Name}
{Contact Number}

Wells Fargo Financial Real Estate
ATTN: Home Preservation Department
{Address}
{Address}

{Date}

To Whom It May Concern:

I am writing with regard to my home at {address}, which has a mortgage owned by Wells Fargo. I have been behind on my mortgage payments since {date}, and I am writing to begin the process of resolving this situation.

I fell behind on my payments because {detail the reasons for hardship, including medical problems, death, job loss, etc.}, which occurred {date}.

I am unable to pay the monthly payments as is, but I believe I can afford {amount in dollars} per month, beginning {date}.

My home {is/is not} up for sale, and the property taxes and homeowner’s insurance {is/is not} current.

I have attached my financial information, including a detailed account of my income, recent pay stubs, and {any other information they’ve asked for or you think is relevant}.

It is my hope that we can bring a swift and satisfying resolution to this problem as quickly as possible.

Please contact me at your earliest convenience.

Sincerely,

{Sender Name}

Writing A Hardship Letter Loan Deferment

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In writing a hardship letter loan deferment, you will need to fully demonstrate what is your current financial situation. It should be noted that in order to be able to apply for some sort of loan deferment, you will have to meet a number of specific criteria. Usually, such a deferment will apply to mortgage payments and they are designed to help people avoid foreclosure.

In your letter, you will have the chance to highlight your circumstances, and all that you have done to turn it around. It is your chance to show that you suffer from an “acceptable” hardship. Mainly, it is an opportunity to prove that, as soon as you can, you will continue with your payments and repay what you owe.

Acceptable Hardships

There are a number of acceptable hardships, including:

  1. Involuntary reduction in income through loss of job or change in hours
  2. Death of a family member
  3. Illness of a family member
  4. Separation or divorce
  5. Forced relocation for work
  6. Shock from the adjustable rate reset
  7. New and higher expenses

How to Write a Convincing Letter

Your letter needs to be short and to the point, while providing your lender with a clear understanding of what is going on. Remember that lenders constantly receive this type of letter, with people looking for ways to keep their home if they experience some difficulties, so yours has to stand out. Here are some key tips:

  • Keep it short and sweet.
  • Clearly describe your hardship and why you are in that situation. Tell the lender when your hardship started, which should be linked to when you began to have payment difficulties. Make sure that the connection between missed payments and your hardship is established.
  • Explain what you have done and/or doing to improve the situation.
  • Present a plan for you to get back on track.
  • Make it clear that you are responsible and motivated to get back on track, and showcase that you are a pillar of the community, for instance, by discussing your volunteer work or other community activities.

You are not alone in your hardship. In fact, although the recession is said to be over, many people are having some kind of difficulty. Banks are quite forgiving if you communicate with them and that you are honest about your situation.

Last but not least, be aware of the fact that writing a hardship letter loan deferment is just the first part of your overall loan modification. Your lender will get in touch with you to request proof of your new income and they will also want a full financial statement. If you do contact your lender with a request for loan deferment, make sure that you have studied the process properly and that you are armed with negotiating tips to help you be more likely to be successful. Make sure that you also look into the different approval guidelines of your lender, and whether the stimulus home saver plan implemented by President Obama is applicable to you. This way, you will know exactly what you are and aren’t entitled to.

Hardship Letter Loan Deferment Example

{Your Name}
{Your Address}
{Your Phone #}
{Your Loan #}

{Date}

To Whom It May Concern:

My name is {Name} and my account is {number}. I am writing to request a one-time deferment of my loan for the next {amount of time} due to severe hardship.

For the last {amount of time}, I have paid {amount} of my loan every {interval}. I have always made an effort to pay my installments on time and in full. However, as of {date}, I was met with the unexpected hardship of {brief description of financial, professional, family, or medical hardship}. Since the incident, I have only been able to afford the most basic necessities.

I am making every effort to get back on my feet, and I already {lined up a new job, recovered from my injury, etc.}. If I can defer my loan until {date}, it will allow me to recover from this incident and return to my normal payment plan by {date}. I am open to installment additions and plan adjustments at that point, and will try to accommodate any necessary changes.

Attached are my financial statements and {medical bills, pay stubs, etc.}. Thank you for your consideration and understanding. I hope to hear from you at your earliest convenience.

Thank you,

{Sender Name}

Writing A Hardship Letter For Housing Exemption

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This particular hardship letter is written by students who want to be exempted from the college or university housing requirement. This is because the college or university may require the students to make use of their housing accommodations unless they fulfill certain prerequisites. However, for some students, despite not being able to comply with all requirements for exemption, their only option would be to continue to stay in their homes while studying because they are unable to afford the associated expenses of staying in the university or college housing.

Guidelines in Writing a Hardship Letter for Housing Exemption

Your letter should be written in a formal manner. This means that it is addressed to the right individual and/or department, and that it includes your personal identification information. It should also be short (no more than one page if possible) and to the point, and completely free of grammar and spelling errors. Do ask a third party to proofread the letter for you if possible.

Starting the Letter

Your first paragraph should state that you are asking for an exemption from the housing requirement despite being unable to comply with every condition imposed by the college or university for a student to be exempted. State that you know the rules for exemption but you are requesting that your financial situation be also considered.

Explain Your Situation

Indicate those rules for housing exemption that you are able to comply with, such as your home being within a certain distance from the college or university. Make sure that you attach proof for these things.

Then list those prerequisites that you do not currently meet. Explain that you fully understand the reason for such rules, but it is impossible for you to raise sufficient funds to be able to live in a dorm house rather than with your parents. Again, you must provide evidence for this, demonstrating how much money you receive through a scholarship, a job, and FAFSA (financial aid) and comparing that with the expenses required for living in the college or university housing. Emphasize why you cannot make the payments. Indicate the difference of the costs of living in the housing compared to living in your home. Also, indicate if your parents are unable to provide you with any financial support for whatever reason.

Ending Your Letter

From the evidence you supply, it should be obvious that you will be experiencing significant hardship if you are not exempted from the housing rule. Place an emphasis on the fact that you simply cannot afford the expenses involved in staying in the college or university housing to the extent that you will need to withdraw from the college or university if you are not granted the exemption.

Nevertheless, avoid being emotional as much as possible, and only state the facts. If you can demonstrate the fact that should they not be able to help you, you will no longer be able to study in their school, they may be more inclined to help you.