25 November 2010 ~ 0 Comments

Free Repayment Reduction Hardship Letter : Medical Disability

I am writing to request that you work with me to lower my repayment plan. I have owned this home for ____ years and I very much want to work with you to avoid foreclosure. Free repayment reduction-hardship letter for medical disability. The person who needed this article loved Gazebos and gazebo plans

Loss Mitigation Department
National City Mortgage3232 Newmark Drive
Miamisburg, OH 45342

To Whom It May Concern:

Re: Request for Lowered Repayment Plan for property at _________

Loan Number: _________

I am writing to request that you work with me to lower my repayment plan. I have owned this home for ____ years and I very much want to work with you to avoid foreclosure.

Hardship:
In ____, I suffered from a herniated disk injury and was forced to undergo back surgery. I returned to work on ____, ____ and worked for ____ months until I re-injured my back. I have not been able to work since because of the excruciating pain. I am currently drawing on long-term disability through my employer’s insurance and I am waiting on an appeal for additional Social Security income. I have no idea if I will be approved for this, or when my disability term will expire.

Status of payments/ Ability to pay going forward:
I am currently ____ months behind on my mortgage payments, but I have been approved for a repayment plan at $____ a month for ____ months. Unfortunately, I cannot afford this high of a payment amount.
I have carefully examined my budget and cut out all unnecessary expenditures. I am doing everything I can to make ends meet, but am still struggling as I am still unable to work at the moment. Fortunately, I am awaiting consultations for treatment on my injury. Hopefully, I will be able to return to work again soon.

Request:
Due to loss of income and other financial stressors, I am requesting that you work with me to lower my repayment plan to as low as possible. I feel that I can afford a payment of $____ per month. After a much-needed reduction to my mortgage payment, I feel confident that my situation will continue to improve and that I will be able to reliably make the payments on my home. I am a hard-working, responsible home-owner, and a 12-year veteran, and I want nothing but to keep my home.

I very much appreciate your consideration of my request. My contact information is below. Please let me know what further information you need and I will promptly provide it.

Thank you very much for your time.

Sincerely,
_________

_________

Enclosures:
1. IRS 4506-T
2. 2 months of recent paystubs
3. Most recent tax return
4. Monthly housing & loan obligations

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