Tag: loan modification letter

Loan Modification Sample Letter

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October 26, 2001

Mr. Yhael Rodrigo
Account No. 12478963
Lot 1 Blk 12 Harvor Subd
Paranaque City

To whom it may concern:

This letter informs my difficult situation right now which caused me to fall behind on my mortgage payments.  So therefore, I would like to request for a loan modification to decrease my payments, fix my interest rate at a lower rate and recapitalize or forgive the delinquent payments so that I can prevent future delinquency.

My main goal now is to keep my home for the long term. I experienced hard times recently that why I fell behind on my payments because of my medical condition. Since that time, I was not be able update my payments. But now, I already my condition is improving and I can work full time.

Despite of my recent hardship, it is my own full intention to pay what I owe. Now that my situation are improving, I would appreciate your consideration to lower my payments, help me het caught back up, and fix the interest rate so that I can afford to stay in my house for the long term.

I hope for your understanding and help me to come up with a solution to resolve my current delinquencies and avoid problems down the road.

I really apologize for getting behind on my mortgage, but as you see my conditions have prevented my keeping with the mortgage.

Sincerely yours,

(signature)
Yhael Rodrigo

Sample Loan Modification Hardship Letter

lettersa

September 12, 2008

Mr. Jose Francisco
Loan Office
ABE Financial Consultants
Ayala, Makati

Dear Mr. Francisco:

We would like to request for loan modification program to retain our home and avoid foreclosure.  As you will know, we have been delinquent on our mortgage payments due to some unavoidable circumstances.  We have tried our best to pay back our dues on time but failed.

The reason of our missed mortgage payment is layoffs from employment and our present income does not permit us to continue the payments as per the prevailing loan agreement. Still, we have full intention to pay back the entire loan amount and keep back the home with us.  We are sure that this situation is temporary and we would continue with the earlier agreement as soon as we return to our earlier course of income.

We hope to any cooperation to modify our loan and consider our situation.

Sincerely yours,

Rosemarie M. Lopez

Rodolfo G. Lopez

Loan Modification Hardship Letter

lettersa

April 23, 2009

Mr. Ricardo K. Fajardo
East West Bank
Tondo, Manila

Dear Mr. Fajardo:

We are currently 3 months behind on our mortgage payments since I was layoffs from employment 5 months ago. So, I am writing this letter to request your assistance to help us through loan modification.

It is easy for us to meet our mortgage obligations.  However, because of employment layoffs and my daughter’s hospitalization, we are not able to make our payment and have fallen further and further behind.

I believe that for the next month, I will be able to find additional employment.  I would appreciate your help in working out to retain our home and avoid foreclosure

We hope for your kind understanding and willingness to help us.

Sincerely yours,

Edward D. Sta. Maria

Hardship Letter Sample – Mortgage Loan

lettersa

April 21, 2001

Ms. Yna S. Brown
Prufinancial Assistance Inc.
Ayala, Makati

Dear Ms. Brown

I am writing this letter to explain my financial hardship at this time.  We become delinquent on our mortgage and we do everything to save our home.

We are supporting the hospitalization of my mother that’s why our income has been reduced.  I would like to request for loan modification in order to lower our mortgage payment and avoid foreclosure of our family home. We truly appreciate your cooperation this matter.

Enclosed are documents that substantiate my present financial status.

I, Leonard M. dela Cruz, that the information provided above is true and correct to the best of my knowledge.

Very truly yours,

Leonard M. dela Cruz
Santana Land Abucay, Bataan
Account No. 45745