Once we start talking about Short Sales, there are many questions that pop up. The number one question I receive and that I talk about: What is Hardship? and then, What should a hardship letter say?
Broker Bryant, a real estate professional in Florida, does an excellent job of talking about what a hardship letter should say - and in the process, answers the first question, what is hardship?
I especially like his tip on "What have you done to try and overcome your hardship?" Be specific.
If you're in or near Poinciana Florida give Broker Bryant a call. If you're in in or near Lebanon Missouri give United Country VIP Realty a call.
Via
Bryant Tutas-Tutas Towne Realty, Inc:
What goes in the Hardship Letter?
This outline will help you prepare your hardship letter. The sample answers are to assist you NOT to just be copied. Your hardship letter should only contain facts. Just be honest. Your goal is to explain to your Lender why you can no longer make the payments for your property. This letter should be handwritten and legible.
TO: Countrywide Mortgage
FR: Paul and Suzie Helpus
RE: 1234 Lost Value Ave. Poinciana FL 34759
LN#: 34578903
First Paragraph-Explain what you want
- We are requesting that you approve us for a short sale of our loan with your Company.
- We are no longer able to make the payments and have been trying hard to sell the property.
- We love our home but due to circumstances beyond our control we are no longer able to pay for it.
Secondly, describe your hardship
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