I am writing this letter to ask for a home modification loan. Due to events beyond our control we cannot make our loan payment. In the past year our loan payment has increased two times (we are unsure as to why). We have had a reduction in out yearly income. Both my wife and I work for the same employer (xxxxxx), we have had to take a 10% decrease in our annual incomes. Also due to illness my mother in law has had to come and live with us adding to our monthly expenses. We would appreciate it if you would work with us to lower our delinquent amount owed and to lower our payment so we can keep our home.

Thank you.

I am writing this letter to explain my unfortunate set of circumstances that have caused me to become delinguent on my mortgage. 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. My number one goal is to keep my home and I would really appreciate the opportunity to do that.

As you can see on my record I have been a loyal and faithful customer paying my mortgage on time. I have tried paying the full amount of $4,129 since November 2007 and also my last payment that was received was June 11, 2008. Unfortunately I could no longer keep up with the payment. Also with the economy my part time job had to lay me off and that also caused me to be delayed. A monthly increase of this amount has ruin me financially and I will surely fall into foreclosure. Therefore, I am requesting that my adjustable rate loan be modified to a fixed rate. I have tried to refinance out of this loan but cannot due to the fact that I owe more than what the house is worth.
I do not owe any credit card bills nor any car payment bills. . My only bill that is making me late is my mortgage. Hopely there is a way to renegotiate the terms of my current mortgage to avoid default and help stop foreclosure on my home. Please help me