In clear terms, you need to layout exactly why you can no longer afford to keep the property.
Click here to discover how other sellers successfully did a short sale and avoided foreclosure. http://columbusohshortsaleadvisors.com/
Under no circumstance should you say any of the following.
* "I don't want the house anymore."
* "It doesn't make sense to keep the house because it isn't worth what I owe on the mortgage."
* "I can afford the house, but I think paying the mortgage is a bad investment."
Absolutely do not say anything like that. Instead, say the following.
* "Our income went down and we can no longer afford the house." "I lost my job and we are running out of money fast."
* "I would love to keep the house, but our financial state forbids that."
Your hardship letter is your best shot at selling the short sale negotiator on approving the short sale and releasing you from the debt. What you say matters.
Here is a sample layout for a hardship letter.
Your name and the address of the property.
Your mortgage company info and your loan number.
State that you are having problems and would like to sell your property as a short sale.
State the reasons you are having financial problems.
Explain your situation in a little more detail.
Finalize the request.
Put your name down.
Sign and date above your name.
Here are some of the acceptable hardships you can put in your hardship letter.
Loss of job.
Loss of income.
Business Failure.
Unexpected medical bills.
Military Duty.
Death in the family.
Imprisonment.
Illness of breadwinner.
Forced relocation for work.
Please keep in mind that a real person will read your hardship letter on the other end. That person is usually very busy.
It is helpful to bold certain items and keep the letter under 2 pages long. Thinking about a short sale?
I can help you short sale your property and get back on your feet. Send me an e-mail at robin.lemmons@kingthompson.com. I will contact you for a free consultation.
When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at 614-741-2495.
Discover how other sellers successfully completed a short sale and request a free consultation by clicking here. http://columbusohshortsaleadvisors.com/
Thinking about a loan modification? Our Columbus loan modification kit has the instructions you will need to get a loan modification approved with your bank. Click here to request a copy. http://columbusohshortsaleadvisors.com/
Thanks for reading this, Robin Lemmons.
Rick & Robin Lemmons is a Real Estate Team at Coldwell Banker King Thompson.
Phone: 614-741-2495
Email: robin.lemmons@kingthompson.com
A Zest For The Best
View My homes for sale at www.rickandrobin.com.
Columbus Loan Modification Help, Columbus Short Sales, Columbus Short Sale Realtor. Columbus Short Sale Realtor. Columbus OH Short Sales. Columbus Realtor. Columbus OH Short Sales. Columbus Realtor.
Copyright 2012 SFI Marketing Institute, LLC. All Rights Reserved.
Important Notice
Rick & Robin Lemmons, Coldwell Banker King Thompson, and the Stop Foreclosure Institute are not affiliated in any way, shape, or form with the government. Our services have not been reviewed or endorsed by the government or your lender. Most lenders willingly work with agents on short sales. Why?
Because most short sales are beneficial to a lender. If you accept our offer to help you on a short sale, your lender may not agree to a short sale or to modify your loan. We do offer a loan modification kit.
However, the likelihood of negotiating a modification is like everything else in life. It takes work and persistence to convince your lender to modify your loan. No matter what you or we do, your lender may not approve a loan modification.
We do not recommend that you stop paying your mortgage, because this will cause damage to your credit and could cause you to lose your home. Because we know avoiding foreclosure is so important to any homeowner, we recommend that you speak with the appropriate legal or tax advisor before making any decision.
This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing.
You have the option to reject a short sale or loan modification from your lender if it does not meet your approval. If you decide not to go thru with the short sale, then you do not have to pay us our fee. We normally make a real estate sales commission for helping you on a short sale.
The views expressed here are Robin's personal views and do not reflect the views of Coldwell Banker King Thompson.
This information on How To Write A Hardship Letter For A Columbus Short Sale is provided as a courtesy to our viewers to help them make informed decisions.
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