The Hardship Letter

One of the four short sale qualification criteria is to prove the homeowner is experiencing a hardship. A hardship can be the loss of employment, a death in the family, divorce or other life changing event.

To begin a short sale, the real estate agent will prepare a short sale package to present to the lender(s). Included in this package is a Hardship Letter describing the homeowner’s hardship. A qualified real estate agent can help to compose the letter in order to get the point across in a short but precise manner.

This letter is a key component of the short sale package as it helps the lender determine whether the homeowner is worthy of assistance.

Short Sale Information Request

Do you have a question and need a no pressure answer? If so, simply send along a question or concern and I will be happy to address it for you.
  • Let me know what you're thinking and how I can help
Enhanced by Zemanta

About Toni Hedstrom

I am one half of Hedstrom & Stamm Home Solutions, a dynamic real estate team with emphasis on home marketing utilizing our exclusive Home Ready Program.