distress property: The Hardship Letter is the Most Important Document in Your Short Sale Package. Learn How to Write It - 04/13/10 04:40 AM
But by far, the most important document in the Short Sale Package is the sellers hardship letter. This document will be the very first one read by the Loss Mitigator. It will give this person an idea of what to look for in the package, or if is even worth his/her time to read it.
Banks are receiving short sales requests in record numbers, the rejection rate however is very high, in part due to the package not being complete. Lack of important documents to analyze the request is the cause of delays, and in most cases the difference between loosing … (4 comments)