4th October 2010
Bob Christo and Smith Janes,
234 Any Street,Pennsylvania, State 12345
USALender, 567 Anywhere Avenue, Suite A, Penssylvani, State 12345
Re: My Loan Number 180-365-908
Dear Mr. Jones,
We are contacting you today to request for a loan modification or short sale of our property located at (insert address, city, state ). We appreciate the opportunity to explain the circumstances which have caused us to fall behind on our mortgage payments. Although we have done everything possible to improve our financial situation, we are still short on the money owed to you.
The reason we have become delinquent in our mortgage payments is my own serious illness and subsequent hospitalization. At this time we do not have enough to pay our regular monthly mortgage payment. We are concerned that we are falling further behind and will not be able to pay what is owed. We have every intention of paying what is owed, but at this time do not know how to accomplish this. Therefore, we are turning to you for assistance.
We are asking for consideration to temporarily reduce or suspend our mortgage payments for a few months (or allow us to sell our home via a short sale). Doing so, would help us get back on track. Our home means a great deal to us and we desire to work with you to keep it out of foreclosure. Please advise of all options available to stop foreclosure (or initiate a short sale) at your earliest convenience. We are anxious to reach an agreement and appreciate your prompt response.
Name of Borrower(s)
Signature of Borrower(s)