The hardship letter is an important document needed for a short sale transaction. This is a letter, written by the owner, explaining to the lender how is it difficult for him/her to keep paying his/her mortgage. I suggest to have written by hand, as a short one page letter.
I include an example here, where you just have to change what need to be changed.
Date
Client’s Name
Address
Loan#
Phone
To whom it may concern:
I am writing this letter at my Realtor’s request in hopes you will understand my situation as we have spoken over the phone. I am asking, begging for your help. I have never been in this type of situation before and quite frankly am truly embarrassed to even let you know what happened.
INSERT PERSONAL SITUATION HERE. MAKE IT TEAR-JERKING.
I know that sometimes bad things happen to good people and this is one of those times. I really don’t understand this whole process and am losing sleep every night and I am starting to feel as if my whole world is crashing down on me. I am asking you to help me get this home sold so I can move on with my life. They say this is the American Dream and I am here to tell you that my dreams are all nightmares. I don’t for one second blame you for anything, but we are in this together. I promise that I will do everything I can to help get it sold for as much as possible and will make sure that the home is ready at all times for showings. Please don’t make this situation more difficult for me and my family. All I am again is asking for is your help out of a nightmare.
Sincerely,
Name
No comments yet.