What Is a Hardship Letter?

If you are interested in modifying the terms of your mortgage, you may need to write a hardship letter to your lender. This is a letter that details the reasons you have fallen behind on your payments and need assistance. Common hardships include job loss, divorce, illness, and the death of a family member.

Your hardship letter will let your lender know the larger context in which you became delinquent on your payments. This will make it clear that you intend to repay your mortgage and have simply been unable to do so because of your circumstances. Thus, it is important that your hardship letter clearly and honestly describes your situation.

If you are worried that you may be facing foreclosure, we may be able to help. For more information, contact the West Palm Beach foreclosure attorneys of Eric N. Klein & Associates, P.A. at 561-353-2800.