A home loan modification hardship letter is just what it sounds like: a written request to your mortgage lender for loan adjustment. Your letter should explain your "hardship," what is causing it, and why a loan modification is necessary for you.
Rule #1: Keep Your Letter Short
Be brief and concise when explaining your financial situation. Do not use this letter to vent or to detail every financial setback in your life. Especially during the mortgage meltdown, lenders are swamped with homeowners petitioning them for loan modifications. Be respectful of the overworked and underpaid loss mitigation specialist's time and keep your letter to one or two pages at most.
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