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A short sale hardship letter is critical to your client’s short sale process. Essentially, they write a letter to the lender outlining why they can’t keep up with their mortgage payments. As a real estate agent, you already know how vital this step is to approve a short sale.
We are asking you to please help us by approving the sale of our home as a short sale. We don’t want to file for bankruptcy and we don’t want to go through a foreclosure.
6 Οκτ 2021 · If you choose to write a hardship letter for a short sale, you’ll want to make yours stand out to lenders so that you have a better chance of avoiding foreclosure. This article discusses what to include—and what not to include—in a hardship letter requesting approval for a short sale.
25 Αυγ 2020 · Learn how a short sale process works in California for homeowners, what the length of a short sale depends on, and how to get free professional help to process your short sale.
Sample Short Sale Hardship Letters. purchased my home at _____________ in ___________. At that time I was employed _______and business was very good. My salary and the possibility of a promotion and raise made me sure that I could easily support my mortgage.
7 Απρ 2023 · Hardships that usually quality for short sale consideration include: job loss. a spouse's death. reduction in pay or work hours. job transfer. medical expenses from a serious illness for the homeowner or a family member. separation or divorce. an adjustable interest rate reset. military service, or. a natural disaster. What Is a Hardship Letter?
21 Φεβ 2011 · The hardship letter is one of the most important elements of the short sale approval process. Banks want to know what's going on with the borrower. The only way to obtain this information is to have the borrowers write a letter explaining their situation.
