Short Sale Request
Hardship Letter Sample 1:
(Date)
(Lender Name)
(Lender Address)
(Lender's fax number)
RE: Hardship Letter - Short Sale for (your address)
Dear Creditor:
This letter is written to explain my current financial situation and the approval of a short sale of my property at (your address).
Due to (the reason for your hardship) I am unable to meet my financial obligations on my current mortgage. I am delinquent on several of my bills and am unable to keep up at this time.
I have lived in my home since (date) and have, until recently, been on time in making my mortgage payments. Due to my financial hardship and the declining economy I can no longer meet this obligation. An offer has been made on my home for ($) and I request that you accept this offer as a short sale. This is the best offer I have received in my attempt to sell my property.
I have enclosed documents for the past 3 months to explain the financial situation I am currently going through. As you can see, if this offer is not accepted I will not be able to meet any of my financial obligations.
I am embarrassed that I am in this current situation and would like to avoid further financial difficulties by continuing negative credit and mounting financial obligations.
If you have any questions please contact me at (phone number).
Sincerely,
Hardship Letter Sample 2:
Today's Date
Lender Name
Lender Address
Lender's fax number
RE: Hardship Letter - Short Sale for _____________________ address
To whom it may concern:
I purchased my home at _____________ in ___________. At that time I was employed by _______and business was very good. My salary and the possibility of a promotion and raise made me sure that I could easily support my mortgage. Unfortunately, a downturn in the market caused my company to reduce its workforce and I was laid off.
After searching for a comparable job, I finally got a temporary position as an office assistant as I continuing seeking other work. I struggled for several months to make my mortgage payment, and was also hit with some medical payments that I did not expect (the COBRA payment was more than twice what I was paying when employed). I knew I would have to sell my home to protect my credit rating and possibly have enough cash left over for moving expenses and some savings. I put my home up for sale by owner in _________, but there were several problems that I did not have enough money to fix, such as the broken fence in the back yard and some pretty severe leaks in the roof which indicated a new one was needed. Over the next three months I lowered the price three times but still had no takers. I am now working with a real estate agent and I believe she will be able to help me sell quickly.
I really love my house, but I know that I cannot afford it. I am a single parent, working as a temporary employee with few benefits and no savings. My financial situation cannot sustain a home mortgage of nearly $2200 per month. I want to sell the home, avoid foreclosure and salvage my credit. I know that a foreclosure on my record will affect me for years to come. I would ask that you please assist me in avoiding this.
Please accept this offer as payment in full. My attorney has advised me to file bankruptcy, but I prefer to avoid further destruction of my credit. I just want to move on and start over.
I deeply appreciate your help and understanding in this matter. If you have any questions, or need anything further from me, please contact my agent or me personally.
Sincerely,
Home Owner Name
Address and Contact Information
(Date)
(Lender Name)
(Lender Address)
(Lender's fax number)
RE: Hardship Letter - Short Sale for (your address)
Dear Creditor:
This letter is written to explain my current financial situation and the approval of a short sale of my property at (your address).
Due to (the reason for your hardship) I am unable to meet my financial obligations on my current mortgage. I am delinquent on several of my bills and am unable to keep up at this time.
I have lived in my home since (date) and have, until recently, been on time in making my mortgage payments. Due to my financial hardship and the declining economy I can no longer meet this obligation. An offer has been made on my home for ($) and I request that you accept this offer as a short sale. This is the best offer I have received in my attempt to sell my property.
I have enclosed documents for the past 3 months to explain the financial situation I am currently going through. As you can see, if this offer is not accepted I will not be able to meet any of my financial obligations.
I am embarrassed that I am in this current situation and would like to avoid further financial difficulties by continuing negative credit and mounting financial obligations.
If you have any questions please contact me at (phone number).
Sincerely,
Hardship Letter Sample 2:
Today's Date
Lender Name
Lender Address
Lender's fax number
RE: Hardship Letter - Short Sale for _____________________ address
To whom it may concern:
I purchased my home at _____________ in ___________. At that time I was employed by _______and business was very good. My salary and the possibility of a promotion and raise made me sure that I could easily support my mortgage. Unfortunately, a downturn in the market caused my company to reduce its workforce and I was laid off.
After searching for a comparable job, I finally got a temporary position as an office assistant as I continuing seeking other work. I struggled for several months to make my mortgage payment, and was also hit with some medical payments that I did not expect (the COBRA payment was more than twice what I was paying when employed). I knew I would have to sell my home to protect my credit rating and possibly have enough cash left over for moving expenses and some savings. I put my home up for sale by owner in _________, but there were several problems that I did not have enough money to fix, such as the broken fence in the back yard and some pretty severe leaks in the roof which indicated a new one was needed. Over the next three months I lowered the price three times but still had no takers. I am now working with a real estate agent and I believe she will be able to help me sell quickly.
I really love my house, but I know that I cannot afford it. I am a single parent, working as a temporary employee with few benefits and no savings. My financial situation cannot sustain a home mortgage of nearly $2200 per month. I want to sell the home, avoid foreclosure and salvage my credit. I know that a foreclosure on my record will affect me for years to come. I would ask that you please assist me in avoiding this.
Please accept this offer as payment in full. My attorney has advised me to file bankruptcy, but I prefer to avoid further destruction of my credit. I just want to move on and start over.
I deeply appreciate your help and understanding in this matter. If you have any questions, or need anything further from me, please contact my agent or me personally.
Sincerely,
Home Owner Name
Address and Contact Information
Saturday, September 5, 2009
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