To Whom It May Concern:
We am writing this letter to explain my saddening set of circumstances that have caused us to become past due on our mortgage. My household 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 modify our mortgage. Our number one hope 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 had a death in the family. After we became late on our payments and our cashflow not being nearly enough, we had fallen further and further behind. Now, it‚Äôs been to the point we’ve exhausted all our other options where we cannot afford to pay what is owed to the mortgage company. 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.
On this day.
Our perilous point has not got better because we have no more money and have no jobs and we feel that a loan modification would benefit us both. We would appreciate if you can work with us to lower our past due balance amount owed and or payment so we can keep our home and also afford to make amends with your financial institution.
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 name on the loan
Put today’s date here
