Hardship Letters - Tips On Writing Them - Samples (Page 2 of 5) in pdf

SAMPLE HARDSHIP LETTER TO THE FIRST MORTGAGE HOLDER

(The bold typeface below indicated the importance of this phrase. Do not use bold typeface in

your actual letter to the bank)

Date

Dear Mrs. Banker:

I am writing this letter to explain what is happening in my life. As you know, my property located at

_____________________________, account # ________________, is in foreclosure.

I bought my house two years ago from a guy in foreclosure, how ironic. He had four big dogs in the

house and they completely trashed the property. My intent was to buy the house, help him out of a

bad situation, and then bring the property to market condition and possibly sell it for a profit.

I started projects in every room, but did not get the chance to finish any of them because my wife ran

off with her boss and we began a long messy divorce. Forty thousand dollars later in attorney’s fees,

I am sitting in a house that is a wreck, needs over $____________ worth of work, I have no money to

make up the back payments, and no potential income at this time to repair the house. I have been

trying to sell the property via ads in the paper. I have shown the property to several folks who

ran when they saw all the work needed. I was able to get one offer.

The offer is less than what I owe, but I am desperate. PLEASE accept this offer from Jay. He is my

only hope. My attorney says I should file bankruptcy, live free for two years, and fight the

system. I don’t want a bankruptcy and a foreclosure on my credit. I have had enough of the court

system and don’t want to get tangled up in a legal battle over this house.

I was lucky enough to get custody of my three kids in the divorce, and we just need to move on and

start our lives fresh. My life has been bad enough for the past year. I just need someone to give me a

break. PLEASE accept this offer. __________________ (agents name) from Veltri & Associates,

Realtors will be awaiting your reply.

Sincerely,

Homeowner

Veltri & Associates, Realtors

1012 Cox Cro Road, Toms River, NJ 08755

(732) 557-4600

01/28/2008

Hardship Letters - Tips On Writing Them - Samples Page 2