A Short Sale Hardship Letter is a letter that you need to write to your bank or lending institution to request them to consider a short sale to prevent your home from being foreclosed.
After having assembled dozens and dozens of short sale packages, I have found that more than any other document, the hardship letter can make or break a short sale. Even though the banks care most about dollars and cents, it is essential to keep in mind that the package will be checked by an individual loss mitigator. Like all of us, this loss mitigator is a real person with real emotions, and can be moved by a sincere story of hardship...continue reading
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