[solohome1403]

I was wondering if anyone can give me some advise on writing a hardship letter that a bank will be willing to listen to. My case is different from what I have read. I have owned my home for the past three years and have been on time and in good standing with the bank. But, the beginning of 2007 my wife and I purchased another home as "FAVOR" for a family member who was in risk of foreclosure. The agreement was that because we had better credit the rate would be better and the monthly payment would be more managable. Then after six months or so we would sell the house and they cour rent or purchase a smaller house to better manage their finance. In the mean time they would pay us enough money as "rent" to pay the mortgage. Well, at the time we attempted to sell last year and this year... we had no buyers. We even lowered it lower that what we owed and still no buyers. Then my family members got into trouble at worked, laid off, and now they cannot pay me money. I cannot afford to pay the mortgage on that house, and most programs out ther are for people who are living in the home they need assistance. The banks automatically assume I was "investing or flipping" with this second home, so how do I convince them that this is a "hardship?" That in fact the realestate down turn is partly to blame for why I am missing payments?

I appreciate the help.