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Whether they’re dealing with job loss, medical expenses or other personal crises, these templates will give you and your clients a head start to draft a compelling letter supporting the short sale process. Key Takeaways: A well-crafted hardship letter is critical to the short sale process.
23 Απρ 2024 · A hardship letter for a short sale is a personal plea to your mortgage lender, explaining why you are unable to continue making payments on your home and why a short sale would be a better solution than foreclosure.
6 Οκτ 2021 · A hardship affidavit and supporting documents make up a short sale package that the loss mitigation department will evaluate before approving a short sale. The letter explains what caused your financial hardship and why you have fallen behind on the mortgage.
7 Απρ 2023 · When applying for a short sale (or another loss mitigation option, like a loan modification), your lender might ask you to write a hardship letter or fill out a hardship affidavit. While this article specifically addresses short sales, the process of creating a hardship letter is the same, no matter what form of loss mitigation you're pursuing.
Easily create a hardship letter for short sale with our free online template. Fill and download the document as a PDF or Word file. Save time and effort with Templateroller.
27 Οκτ 2022 · A short sale hardship letter is used by a homeowner to request the lender's permission to sell the home for less than the remaining mortgage balance. This allows the homeowner to avoid foreclosure on the property and essentially be cleared from their mortgage debt, other than the difference between the loan balance and the final sale amount.
Short-sale Sample Hardship Letter Maybe you’ve learned about the short sale process, and you’ve found it to be fascinating? Maybe you are so intrigued that you’d like to know the steps on doing a short sale process but have trouble doing so?
