A financial hardship letter is one that is written to a bank or financial institution to explain a person's financial troubles and to ask that creditor for a remediation plan in order to keep a home from being repossessed for non-payment. In fact think of a financial hardship letter as an attorney for the defense as you plead your case to the bank's loss mitigator and explain why you should be allowed to stay in your home. Facing the prospect of moving out of your family home is a scary thought. In many cases the homeowner has spent years in the home raising a family and making his or her mark on that structure. To lose it and make the children leave their friends and schools is heartbreaking. A hardship letter explains this point as well as what you will do to help your cause. Do you have a plan? Is there any prospect for a better job? Why should you spend s much time on a letter? Think of it this way: A loss mitigation for a bank is probably tasked with a two to t...