![]() ![]() When writing a hardship letter, borrowers should refrain from expressing personal problems - such as a history of drug or alcohol abuse - as it's not necessarily relevant to your request. I moved into this home in May of 1992…this was the same year I got clean and sober from drugs and alcohol, and have been ever since, this home means the world to me. My home is not large or in an upscale neighborhood, it is a "shotgun" bungalow style of only 900 sq. My number one goal is to keep my home that I have lived in for sixteen years, remodeled with my own sweat equity and I would really appreciate the opportunity to do that. ![]() ![]() I have done everything in my power to make ends meet but unfortunately I have fallen short and would like you to consider working with me to modify my loan. I am writing this letter to explain my unfortunate set of circumstances that have caused me to become delinquent on my mortgage. Your Objective: Get a Loan Mod, not Make the Servicer Cry Mozilo's response-became very public when Mozilo added some uncharitable remarks and then inadvertently hit "reply all" instead of "forward." But as long as that letter is out there, it should serve as an example of how not to write a mortgage modification hardship letter. In 2008, a homeowner named Dan Bailey got a lot of publicity for writing a hardship letter to Countrywide's chairman, Angelo Mozilo, trying to induce the lender to approve a loan modification. ![]()
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