When you are facing a bank-induced foreclosure and you have a good excuse for them to stop their foreclosure process, you can write a hardship letter. Basically when you write a hardship letter, you are going to explain to them a good reason that discusses why you were not able to make your payment on time. Usually the excuses for stopping the foreclosure process include: losing your job, the death of a family member, a medical emergency, or dealing with bankruptcy. There are a lot of good reasons that people use to help themselves avoid having to go through with having their property taken and sold by a banker.

A lot of people that are trying to get out of repossession do not know how to write a hardship letter to stop foreclosure. If you do not know how you should go about writing one of these letters, then you should probably look at a sample hardship letter so that you know what to include in your note to the bank. These letters are not hard to write, but need to have specific details included. By having all of the necessary details in your hardship letter, you will effectively be able to stop your house from getting taken away from you and your family.

What should be included in your hardship letter to stop foreclosure?

  • General information about your loan
  • The status of your loan payments
  • Some basic details about the history of your payments
  • A description and explanation of your hardship
  • Information about how and when you will be able to start making payments again

What else should be included in your letter?
  • Address and name of your bank
  • Your state and zip code
  • Your full name
  • Your home address
  • The date that you send the letter
Included below is a sample hardship letter that you should read so that you understand the process of writing one.

Name of your bank: Bank of America

Number of your loan: 118382003

Your full name: John Smith Jr.

To Whom This May Concern:

The home loan (#118382003) that I have taken out has become problematic and I have not been able to issue my payments on the timely basis that were initially agreed upon. At the present moment, I am dealing with a 2007 fixed rate home equity loan at 10% interest and my current level of income will not permit me to keep up the high payments. I would like to work with the staff at Bank of America in order to prevent foreclosure of my house and property due to the fact that I have been dealing with a hardship.

My payment history has been great up until March 2007 when I had to deal with medical bills in excess of $100,000 from my serious medical condition. I was diagnosed with having a rare form of skin cancer that required me to stay in the hospital for several months. I am now out of the hospital and am trying to get myself back on track with my finances and am going to need some extra time to make my loan payments. I hope that you can understand that this hardship threw my financial priorities out of normality.

If there is any agreement that we can work out as far as refinancing my home loan or giving me some extra time to make my payments, I would appreciate the help. I understand that it is important to get my payments turned in on time and my goal is to make sure that I get my payments turned in on time so that I never receive another foreclosure notice. I would certainly like to talk or meet with a representative from Bank of America so that we can work everything out in regards to my loan and potential foreclosure.

Thank you for your help.


John Smith Jr.
(Phone Number here)
(E-Mail Address here)

You should make sure that you take the time to revise your letter and make sure that it sounds good when you read it over. There are plenty of people that write these kinds of letters and have a lot of success in stopping foreclosure. The people that are most successful are usually people that are completely honest throughout their entire writing and do not try to make up any lies about why they weren't able to pay. Most banks will cancel your foreclosure as long as you are willing to work with them.

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