Hardship Letters

Every Short Sale package requires a Hardship letter created by the homeowner. This is a letter that explains to the mortgage company the circumstances (hardships) the homeowner has experienced that have caused the current default. This letter can be handwritten or typed and should be at least one page in length. The letter should be heart-felt and should state clearly that the homeowner needs to sell the property.

Hardship reasons may include the following:

• Divorce
• Severe Indebtedness
• Unemployment
• Death
• Illness
• Medical Expense
• Forced Relocation
• Loss of Income
• Economy
• Military Service
• Neighborhood Problems
• Inability to Rent
• Inability to Sell

If a homeowner provides you with a letter that is difficult to read, I'd suggest that you type it up and submit both the hand written and typed letter. This will make it easier for the Loss Mitigation Representative to review the package.