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

Hardship Letters - Tips On Writing Them - Samples Page 5

SAMPLE HARDSHIP LETTER TO 2

& 3

MORTGAGE HOLDERS

Date

Dear Second:

I am writing this letter to share some of the hardships I have endured over the past year. My property

located at _____________________________ is currently facing foreclosure. In fact, the sale date

is set for _________________________________________. I have absolutely no way to pay the

back payments owed on the first or the second. I have had the property listed for months and

have gotten only one serious offer because of the condition of the property.

Based on the offer I have, the buyer can only pay you $1,000 as payment in full. Please accept this

as payment in full; otherwise, I have no other choice but to let the property go to the courthouse sale

Thursday. From my understanding, the sale will wipe out your $______________ second

completely, leaving the first with the property and me with a foreclosure on my credit report. I hope

we can somehow avoid this.

I am enclosing my bank statement for ____________, late notices on my car, and anything else I can

find that will help you to see the financial trouble I am facing. I have also enclosed my tax returns.

I am in the used car business and things have been VERY slow over the summer. I am currently

looking for another field in which to work. So far, I haven’t had much success. I am two months

behind on my car, electric, phone, and many, many months behind on the mortgage.

My attorney wants me to file bankruptcy and said I could live free for 18 months. I really don’t

want to do this. I hate to ruin my credit any more than it already is.

Please waive any deficiency judgment or 1099 filing against me. I have enough problems in my

life without owing more money down the road to a bank or IRS. If there is any other information you

need, please feel free to call me.

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 5