I am writing this letter because I have recently fallen behind on my mortgage payments. I have encountered severe financial hardship and would like to request a principal reduction.
My income has become drastically reduced recently, due to {sickness, death in the family, job loss, etc. Be specific}. With the state of the economy, especially for home owners, I am struggling just to provide for my family. I am attaching my federal tax return and my credit card statement for your verification that my circumstances are dire.
I believe I can resolve my debt by receiving a principal reduction on my mortgage loan. This would make my monthly payments smaller and more manageable. In this way I could avoid foreclosure.
Please contact me at the phone number listed above so that we can work out a payment plan together. I look forward to speaking with you soon.
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Index of Hardship Letter Examples