Hardship letter for short sales

United States
October 10, 2006 9:24am CST
My client needs to submitt a hardship letter to their mortgage company for a quick sale. They can not make payment and have a buyer for the property.
1 person likes this
1 response
Tamerin
@Tamerin (20)
• United States
13 Jun 08
A hardship letter is nothing more than just that... a letter explaining the hardships of the homeowner and why they are unable to pay their mortgage. There is no 'official' template or format for a hardship letter. Each will be unique based on the situations surrounding each particular homeowner. If you go to www.ForeclosureNegotiations.org you will find a plethora of information about short sales. The e-book they have on there spells out step by step the short sale process and even gives example documents. It was one of the the best short sale books I've read. Infact, I think they have a pkg of all of the short sale docs available also. Cheers!