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27 Οκτ 2022 · Short Sale Hardship Letter – Sample. Updated July 19, 2023. A short sale hardship letter is used by a homeowner to request the lender’s permission to sell the home for less than the outstanding balance on the mortgage.
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.
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?
A compelling short sale hardship letter gives the lender confidence that your client isn’t just trying to offload their home without a real reason. It shows they’re facing a genuine financial crisis, making the lender more likely to approve the short sale.
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.
Short Sale Package. Checklist of Required Homeowner’s Documentation. We appreciate the opportunity to assist you in short selling your home, while improving your current and future financial stability. In order to get a short sale approved certain documentation listed below must be provided.
Paragraph 1: Please state the circumstances of your financial hardship and include the following points in this paragraph: I tried to sell the house myself (or had it listed before) and have had no buyers.
