What is a hardship letter?
Part of doing a short sale is submitting a hardship letter to the lender stating your case and why with your situation, they should accept an offer on your home that is less than what is owed on it.
What a hardship letter is not is a place to complain about what your lender has or hasn’t done to make things easier on you. Your hardship letter must be honest and present why and how your situation has changed and why you can no longer afford to make the payments.
If you are facing a short sale situation, the hardship letter is just part of the puzzle in successfully selling your home. Please take a look at my article on how to write a short sale hardship letter, then give me a call at 425-773-3149 to set up a time to discuss your specific situation.
Written by: Jacqueline Cliff
