In reguards to a Short Sale, what does a hardship letter consist off?
Is there a particular format to follow? What have you seen or experienced these letters to be like?
Thanks, Joe
The hardship letter needs to be convincing to show the bank that the owner can’t pay for the house. A few things that I think are important for the letter:
[]Should be handwritten by the owner
[]Should include reason(s) beyond the owner’s control that they are not able to pay (job loss, divorce, etc.)
[*]Should mention they are considering bankruptcy