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In order to inform your lender about what you want, state the purpose of the letter whether it is a short sale or a loan modification. For example, if you want a lower interest rate, you can write, “I need to revamp my mortgage and get a lower, fixed interest rate…”
A well-written hardship letter can make a huge difference in short sales. Below are some examples of hardship letters for your clients’ situations. Each template is tailored to specific hardships, giving your clients a strong starting point to explain their situation to the lender.
A Sample Hardship Letter template that can be easily modified to your situation in minutes. 10 Do NOTs of Hardship Letters. Strategic Short Sale/ Default pointers.
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.
26 Σεπ 2024 · Struggling with loan payments? Learn how to write an effective hardship letter for loan modification. Free template included!
The Free Short Sale Hardship Letter template is a valuable tool for homeowners facing financial distress and seeking to initiate a short sale process. This comprehensive letter outlines the borrower's financial hardships, reasons for requesting a short sale, and supporting documentation.
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.
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