(Your Address Line 1)
(Your Address Line 2)
(Date)
(Name of Creditor)
(Creditor Address Line 1)
(Creditor Address Line 2)
Subject: Loan Number xx-xxxx-xx for Loan Modification
To Whom It May Concern:
We are sending you this letter to explain the condition that led us to miss on our mortgage payments. We assure you that we have done every possible means to come up with solutions to our financial predicament, but to no avail. In this regard, we are seeking your assistance in working with us for a loan modification to avoid foreclosure.
My husband and I were hardly hit by the economic crisis and were both lay off from work. At present we are living on savings and welfare benefits and won’t be able to pay our monthly payment on our mortgage. We have all the good intention of meeting our obligations with you but at this time we are
not sure how we could do this. We are therefore asking for your professional assistance.
Please work with us on all possible options to prevent foreclosure on our home. We would greatly appreciate to come with an agreement with you. We would look forward to your prompt reply. You may call us at 555-555-5555.
Sincerely,
(Your Signature)
(Your Printed Name)
———–
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