good morning investors, I have a ?, Hardship Letter… extremely bleak or moderately, when prepared for a Lenders SS package. I have sent some of each and w/o response from LM’s as to whether the letter had any impact on acceptance or denial of offer.
The hardship letter is just a part of the SS package. It should be very bleak, but HONEST. Also, keep following up with the lender, but understand their processing times may take 3 or 4 weeks minimum.
My understanding is that the LM value the numbers (purchase price in contract & net on HUD-1) 1st. Then they will look at the supporting documentation such as the hardship letter to make sure everything makes sense.