Hardship letterI wanted to post my hardship letter to get some feedback.To Whom it may concern:I am writing this letter to explain why it has become very difficult to continue paying my current mortgage. My number one goal is to continue paying my mortgage so I can stay in my home, and I'd really appreciate the opportunity to do so.The following are reasons I eventually won't be able to continue paying my mortgage:Due to the current economic conditions, my overtime has been decreased since November of 2010. I've been looking for another job with a stable salary, but I haven't found anything as of yet.My mortgage with your company was interest only for 5yrs, and it is scheduled to increase from $1185 to $1385 in June of this year.I have a home equity line of credit. So every month the amount I pay varies.The value of my home has dropped by about 30%.I'm a single mother of two who doesn't receive child support.Is it possible to reduce the percentage rate on the mortgage? If not, can the principal balance be reduced in such a way that my mortgage payments would decrease? I'm sure that I'll be able to pay the mortgage successfully if the monthly payments are reduced. Whatever solutions you have I am certainly welcome to hearing them.January 15 2011 - Bolingbrook0YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.