Financial hardship letter is very confidential between two companies. If you wish to change the whole premise – complaining about your financial hardship, it will only advise them that you aren’t capable and they need to act to prevent further losses. Don’t pretend for a minute that your financial problems will, or should, be resolved or even shared by them. However, acknowledging you had problems and that you have a plan to resolve them, and have done things to assure it won’t happen again, but require a little understanding from them to make things right and explaining exactly what steps you’d like to take to resolve it. Detail them the forth coming plans and assure them so that in the end they ultimately get completely repaid, that will have some great meaning.
A letter of hardship for loan modification is essentially your best prospect to give explanation to the lender, the conditions that led you to be in arrears on your mortgage. It is crucial to be precise, clear-cut, and truthful while writing the hardship letter. Sugar-coating your situation is not recommendable. This brief information is enough for you to write an appropriate financial hardship letter.