_How to write a hardship letter for short sale?
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Your Hardship Letter should be in handwritten form and less than one page. Facts are important, since the banks are in business. You basically want to convey the differences in your life and finances that have changed since you signed the original loan. Be brief but concise.
Lakeland FL short sale agent
First paragraph – start out about when you first purchased the home and what financial situation you were in at the time of purchase. Next explain what event or what triggered that led you to the financial difficulty, such as unemployment, reduced income, increase in expenses, sickness, divorce, etc.
Second paragraph – explain what you want. Requesting that your lender approves the short sale for your loan. That you are no longer able to make payments and that you have been trying to sell the property.
Third paragraph – describe what you tried to overcome your hardship, such as job search, reducing your expenses, made mortgage payments via your credit cards, took out personal loans. Briefly describe your current situations.
Provide your contact information and make sure you put your loan number and your property address. Be sure to reiterate to your lender that they contact your listing agent/broker.
Lakeland FL short sale agents
Your Hardship Letter should be in handwritten form and less than one page. Facts are important, since the banks are in business. You basically want to convey the differences in your life and finances that have changed since you signed the original loan. Be brief but concise.
Lakeland FL short sale agent
First paragraph – start out about when you first purchased the home and what financial situation you were in at the time of purchase. Next explain what event or what triggered that led you to the financial difficulty, such as unemployment, reduced income, increase in expenses, sickness, divorce, etc.
Second paragraph – explain what you want. Requesting that your lender approves the short sale for your loan. That you are no longer able to make payments and that you have been trying to sell the property.
Third paragraph – describe what you tried to overcome your hardship, such as job search, reducing your expenses, made mortgage payments via your credit cards, took out personal loans. Briefly describe your current situations.
Provide your contact information and make sure you put your loan number and your property address. Be sure to reiterate to your lender that they contact your listing agent/broker.
Lakeland FL short sale agents