- Understand the purpose of a short-sale hardship letter.
- Learn the essential components to include.
- Discover how to effectively convey your situation.
- Get tips on maintaining a professional and sincere tone.
- Access a sample letter for guidance.
- Find answers to common questions in our FAQ section.
A short-sale hardship letter is a critical document in the process of selling your property for less than the amount owed on the mortgage.
It is your opportunity to explain to your lender why you are facing financial difficulties and how a short sale can be a viable solution.
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This letter should be honest, concise, and compelling, providing a clear picture of your circumstances without being overly emotional.
Sample Short Sale Hardship Letter
[City, State, ZIP]
[City, State, ZIP]
Dear [Lender’s Representative Name],
Subject: Request for Short Sale – Loan # [Your Loan Number]
I am writing to request a short sale of my home located at [Your Property Address].
Due to [specific hardship reason – e.g., job loss, reduced income, medical expenses, divorce, etc.], I am unable to continue making the mortgage payments.
[Provide a detailed explanation of your hardship, focusing on the events that led to your current financial situation.
Be specific about dates, amounts, and impact. Keep it factual and avoid emotional appeals.]
As a result, I find myself in a position where a short sale appears to be the best option to avoid foreclosure.
Enclosed are the supporting documents that provide evidence of my financial hardship, including [list documents like bank statements, medical bills, layoff notices, etc.].
I understand the impact a short sale can have, and I am committed to working with your office to make this process as smooth as possible. Please review my situation and consider my request for a short sale.
Thank you for your time and understanding in this matter. I am hopeful for a favorable response and am willing to provide any additional information needed.
[Your Printed Name]