Jason Mitchell Real Estate Group

A Loan Modification Hardship Letter (Sample)

I have been asked about a “SAMPLE” Loan Modification Hardship Letter :


To whom it may concern:

I, John T. Borrower, would like a chance to explain my current situation. When I purchased this Home I planned to raise my kids here and stay close to my roots (my parents live less than 2 miles away) and live in this house for the rest of my life.

When I singed the loan papers on the 2 year arm I was assured up and down that the value of my home would increase. I did not.

Matter of fact it’s gone down in value like a used car I am currently upside down. Now as you know my Interest rate has adjusted to______% and I will not be able to pay this high payment and buy food, clothes, Gas for my Trucks and utilities for my home. I have been pulling my hair out worried not sleeping trying to find a way to fix this problem.

Since 2001 I have ran my own business along with my Brother, Mom, and Dad a true Family operation. We do construction jobs in Phoenix Arizona and many surrounding cities. I was working at the bare minimum of 6 days a week 8-10 hours a day.

Because of the down turn in the construction business in Arizona my work load has been cut more than 65% I no longer with several of my customers. Less then twice a month I will get work with others, but it is rare. I have been doing jobs like tire hauling a couple weeks out of the month too, but it doesn’t even come close to amount of work I used to have.

As a result of the poor economic conditions, I am asking for a modification on this loan from what I hear on the news, and research I have done the bail out money will be given to banks so that loan modification could be done.

Please help me keep my home I want to stay here. I know everybody has a story, but I think we can both win in this transaction.

Thank you for your time,


John. T Borrower



I am not a loan modification specialist, please consult with an attorney or CPA.


If you are considering a loan modification please ask for a referral of a loan modification company that has been successful for borrowers.