Homeowner's Guide to Short Sales: The Hardship Letter

Real Estate Agent with Coldwell Banker C&C Properties

Distressed properties such as Short Sales continue to make up a large part of the Redding, CA MLS inventory. In a previous post we explained the importance of providing your mortgage servicer a complete picture of your hardship, and equally important is to avoid an excessively long letter. The Harship letter should be an honest, heartfelt statements outlining the circumstances that have created the problem.

Below are some examples of letters you can use to guide you as you prepare your Hardship Letter.


Borrower Hardship Letter Example #1

I am unable to keep current with my mortgage due to divorce. I am receiving no financial support from my husband and I have been a homemaker for the past 12 years. I am employed, but because of my lack of skills, I am unable to earn much more than minimum wage. I have two children at home, ages 7 and 9. With the cost of daycare and my other obligations, there is just no way to make the mortgage payment. I have used up any available credit just to keep food on the table. I cannot keep up my home and must sell it. The real estate market is such that I owe more than my home is worth. My only other option would be to file bankruptcy. I am an honest, hardworking person and it is devastating for me to find myself in this awful position.

I would deeply appreciate any help you can offer.



Borrower Hardship Letter Example #2

My wife has recently suffered a devastating illness. She is unable to continue working and it may be years before she is well enough to work. She has been the primary wage earner in our family for the past 10 years. My income cannot come close to covering our monthly expenses. We find ourselves deeper in debt every month with no relief in the foreseeable future. I have sold our second car and anything else we do not absolutely need. Our home is large and the minimum monthly expenses for the upkeep, electricity, gas, etc. are very high. Our only hope at this time is to sell our home. Unfortunately, if we sell our home in the present slow real estate market, we will be upside down about $30,000.00. Our only other alternative is bankruptcy. We would appreciate any help you are able to provide.



Borrower Hardship Letter Example #3

As a result of upward adjustments to our monthly mortgage payment, my wife and I are unable to afford our mortgage. As I sit here today it's not clear to me how I ever thought that we could afford the mortgage once payments started adjusting. I wish my loan officer would have explained to us where our monthly payments were going to be when they adjusted. We have borrowed money from family and we have taken cash advances on credit cards, but we are falling further and further behind with no real hope of affording the payment. At this point, we can't do it any longer. Both my wife and I are very sorry that this has happened. We are losing our dream house, and we know you are losing too. We just don't have any other options. Please work with us on a Short Sale. We don't want to go through foreclosure, but if we can't do a Short Sale, we will not be able to avoid it.

Thank you for your consideration,


DO YOU NEED HELP WITH A SHORT SALE? We're here to help. We're experienced and certified. The number to call is (530) 510-8880 or email your questions and concerst to info@therealestatecouple.com


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Chris and Maria Jeantet, "the real estate couple"

EMAIL US maria@ccproperties.com

CALL Chris at (530) 510-0810 or Maria at (530)510-8880






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Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

This is one of the most important things, as if there is no hardship, the short sale could be sunk before it starts... great tips, thanks for sharing

May 26, 2011 11:54 AM #1
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Redding CA Real Estate Couple
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