Condo have two mortgages need Loan modification HELP!

[Mike]

I have a condo purchased at $444,000 1st loan $355,200 @ 6.875 5 yr I/o ARM with Aurora Loan Services payment $2,035, 2nd Washington Mutual $88,800 30 due in 15 rate @ 12.875 payment $953, plus association $227 and taxes 465$ a month. I pay close to 4k a month for a 2 bedroom condo. I want a loan modification, I was able to find the contact information for both lenders but there is not much they can due since I am not in default. I will not be for another couple months but I want to make sure it will not come to this. I want to mail a hardship letter to either have a loan modification or a short sale approval. I have a co-worker and my brother who are willing to purchase my condo on a short sale at 380-400K. Do i sent a hardship letter asking loan modification or short sale? Any hardship letter templates or short sales request letters anyone could help with?Please help!Thanks so much!!!!