If a person is seriously behind on his or her mortgage payment, he or she may want to send the bank a hardship letter. A hardship letter is a written explanation as to what "event" has caused a person to fall behind on his or her mortgage. Acceptable reasons for falling behind in payments, include a sudden job loss, an illness that prevents one from working or the death of a primary .
breadwinner. If a person is delinquent with payments, a hardship letter may be necessary to stop the bank from foreclosing on the property. This type of documentation is also usually required for a short sale, which is a quick sale of the property that is done to avoid foreclosure. More Reference Links: http://www.loansafe.org/forum/loan-modification/135-examples-hardship-letter.html http://www.ptla.org/sites/ptla.org/files/foreclose_hardship.pdf
