Insert Banking Officer:
We am writing this letter to explain my unexpected set of circumstances that have caused us to become late on our payments on our mortgage. Our family have done everything in our power to make ends meet but unfortunately we have have no more money to pay and would like you to consider working with us to receive a loan modification. Our number one goal is to keep our home and we would really appreciate the ability to save our family’s future.
The main reason that caused us to be late is we were downsized. After we became late on our payments and our monthly income not being nearly enough, we had fallen further and further behind. Now, it’s come to the time where we cannot afford to pay what is owed to your institution. It is our full intention to pay what we owe. But at this time we have exhausted all of our income and resources so we are turning to you for help.
The date of.
Beind so far behind on our mortgage has not got better because we have not found work and need to feed our family and we feel that a loan modification would benefit us both. We would appreciate if you can work with us to lower our late payments amount owed and or payment so we can keep our home and also afford to make amends with your mortgage company.
We truly hope that you will consider working with us and we are anxious to get this settled so we all can move on.
Sincerely and Respectfully,
The borrower’s signature
The date today
