The main point of the Short Sale Hardship Letter is not to explain the entire story behind why you are in the situation you happen to be in. In fact, we prefer to keep it short and to the point. We do not want to give the bank more items to poke around on.

Short Sale Hardship Letter Example

We include a copy of a “sample” Short Sale Hardship Letter in our short sale package that we have our clients complete prior entering into negotiations with your lender.

Possible Short Sale Hardship Letter Reasons

Below are a few of the various hardships you or someone you know may be facing.

Divorce
Loss of Job
Job Transfer
Death of Spouse
Military Duties

Importance of the Short Sale Hardship Letter

Although “most” lenders do not spend too much time reviewing the Short Sale Hardship Letter, they do indeed require it. In our Short Sale experience, we have noticed more and more lenders basing a lot of their requests for either a cash contribution or for the seller to sign a promissory note at closing. We urge all of our clients to spend sometime on the Short Sale Hardship Letter, but not to go into great detail about the situation.

Download an example Short Sale Hardship Letter