Date 4th May, 2012
Name/Title Mary Roe
Address 795 E Dragram
City, State, Zip Code Tucson, AZ, 85705
Sub: Loan Number
Dear [Lender],
My name is ______ and I have been living in the house I purchased on __________for approximately _________. I purchased this house with your assistance on __________. Until ______of this year I was able to make every scheduled mortgage payment. But despite of my efforts I failed to make my payments.
In ______, the company that I worked for went out of business/I lost my business and went into loss/my spouse died of serious accident [strike off whichever not applicable]. I immediately began looking for work in my field of expertise, however due to [indicate precise reason]. Currently I am ____________ however my income is less than half/quarter/very meager [strike off whichever is inapplicable] what it was when I was working full time. I have recently applied to other two companies in neighboring areas/worked out new business proposal [strike off whichever is inapplicable] and am confident that I will be through with one of the two. In addition my wife has ______________[state action initiated], which has helped out with the household bills.
We are working with a _______[credit counseling agency]. Please find attached a [budget sheet/detailed proposal] {strike off whichever is inapplicable} showing our income and household expenses, plus a proposed repayment plan for correcting our default payments on the mortgage. Our goal is to repay entire defaulted payments/ ___no. of installments defaulted [strike off whichever is inapplicable] and make future payments on schedule.
I would be willing to discuss any option with you as we are sincere in correcting this issue and continue to live in our home.
Thank you for your consideration.
Sincerely,