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How to write a hardship letter – Part I

PART I

As we’ve discussed in previous blogs, Lender(s) and lien holders must all agree to a short sale for its approval. Everyone’s consent is necessary to clear the title on the property. To obtain the required approval, a hardship letter along with many other documents are required to be completed, compiled, and submitted. Every document is important, but standing alone, the hardship letter could be the one document that could make or break the deal. If you’re in financial trouble or are falling behind on your mortgage payments, you should speak with an attorney and real estate agent immediately to discuss your options. Read the rest of this entry