If you considering a modification on your loan or short sale, you should get a hardship letter prepared.

Hardship Letters need to be to the point, truthful while convincing lender to stop foreclosure or accept the plan your presenting.  Don't threaten, complain or blaim just present a possible solution.  Show legitimate reason for falling behind. Banks usually hands these over to a loss mitigator who receives so many. 

Step 1: Todays Date

Step 2: Title Hardship Letter for __________ example: Short Sale, Loan Modification, Repayment Plan

Step 3: Property Address        
Property Account # & Lenders Name
        Borrowers Name on Account
        Date Purchased
        Loan Balance
        Professional Appraisal Value
(For short sale only & isn't required but shows your determinated & taking that extra step that most don't bother.  A Real Estate Expert can give you the ball park fiqure)

Step 4:  State the Work Out Plan you are seeking.  Example Short sale, modification on loan, repayment.

Step 5:  Explain financial hardship example: Job Loss, Illness, Family death, divorce, health insurance,  Adustable mortgage, business failure, unexpected expenses.

Step 6: Explain why this caused you to fall behind & why you can't comply to the original terms. If you feel you will be able to later, you may want to have a modification on terms till your situation improves.  

Step 7: Explain a plan of payments to get back on track.  This plan must be possible based on your income.  If short sale is your goal than you should know what to expect from you home sale.  I can help you with a Short Sale.

Step 8: Thank them
       List contact information
       Signatures of anyone listed on this loan

Remember you must present a possible plan that you can live with.  Do a rough draft until it's as short & to the point as possible. If your having trouble, please get professional counseling to help.