Dear Blog Readers,
First of all… Thanks for being here to read this! I hope this truly helps you out, and if you believe the content below is either terrible or great, I’d truly appreciate any feedback. The only way I can serve you is by your feedback, so I’d like to thank you in advance because, you truly ROCK!
Let’s dig right into the subject of this blog post. A short sale hardship letter can be very tricky if not written in the correct way. A bad hardship letter could play a pivotal, but highly crucial role in many deciding factors with a short sale denial or approval. Let’s be honest here, a hardship letter won’t be the main component to a denial, however, like previously stated it does a significant role in decision making. Let’s just say this, if a bank negotiator does not compelled enough that the seller(s) is truly in a “hardship” situation then that negotiator could possible be swayed in stopping or asking for additional documentation or explanations just from the hardship letter. Is this true? 100% without a frickin’ doubt!
The “banks” are basically looking for five solid key components in a hardship letter, see below:
Does the above make any sense for the hardship letter? I want to make sure you’re still with me here.
Please see the below example of what I instruct seller(s) to use when putting together a hardship letter. I encourage you to print this off if you wish and use some of the key words.
I hope you enjoyed this blog post and that it brought you some great educational content.
You have a question? Leave a comment below. I will respond to you.
Thanks,Jason Lucchesi Jason.Lucchesi@gmail.com