Having assisted numerous homeowners complete a short sale over the past few years we have seen quite a few hardship letters. Some were very ‘generic’ while others have been very detailed and lengthy. Which one works for you is your personal choice.
We’d like to suggest the following though:
Be Truthful
- – you are dealing with financial institutions and lies are a BIG no-no
Tell Your Story
- – a real person will be reading your letter so do your best to explain what has happened to your situation and why you nee their help
Include the Following Information
- – name(s), loan #, bank name, property address and signatures and dates
Below is a sample hardship letter you are free to edit to your specific situation:
SELLER’S NAME
SELLER’S NEW ADDRESS
TODAY’S DATE(must do one for each lender)
LENDER’S NAME
LENDER’S ADDRESS
LOAN #Dear Sir or Madam,
I am writing to ask for your help. Circumstances beyond my control recently caused my life to change. A year ago when I bought my dream home, my kids and I were happy to be living in and everything was going well. Last year I……<[give them a story of what happened….lost job, somebody got sick, mom needed you up north, business failed, kids having problems in school…needed help…the more details the better, whatever – tell your story]>.
The bottom line is I cannot continue to make the payments on my house in ——-. I have tried many different things to sell my house and pay off the money I borrowed from you. I called some investors that told me they couldn’t buy the house because there was no equity in it and it required work. OR The house has been listed for x months and all the offers received were below the payoff of my loan.
I did not intend for this to happen but can see no other options at this point. I hope we can negotiate a short sale so I can move on with my life. I am a responsible person who has always paid my bills and I am afraid of what will happen if this does not work.
Your consideration is greatly appreciated.
Sincerely,
I hope this helps you with your short sale and/or loan modification. Should you be interested in having us assist you with the sale of your property fill out the form for more information: Cape Coral Short Sale
You can read many more heartfelt short sale testimonials from our satisfied customers.
Take a moment to watch our videos on short sales, they may be able to answer many of your questions and take you step by step through the process beginning to end.
Yours in Success,
The Florida Future Realty Team
239-542-8521
inquiry@floridafutureagents.com
Ask for our information packet to be emailed directly to you or call our broker, Susan Milner, to have your specific questions answered!
After hours, call Susan Milner on her personal cell phone at (239) 218-2229 or email directly to Mail@SusanMilner.com
~ Before you decide to sell your house as a short sale we recommend you contact BOTH a CPA/tax professional & an experienced Attorney to discuss YOUR specific situation. Laws & guidelines change frequently and you want to be sure a short sale is in YOUR best interest! ~
