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What is a short sale hardship letter?

 
The short sale hardship letter tells your story as to how and why you fell behind on your mortgage payments.  Its the most crucial part of your short sale package.  You must build a compelling case for a true hardship situation and not one of convenience.  A strong short sale hardship letter will increase your odds of getting your short sale approved, since experts say only one in ten short sales get approved. 

The objective is to create a compelling, heartfelt short sale hardship letter that strikes an emotional chord with the loss mitigator who is reviewing your short sale package.  The loss mitigator’s job is to obtain the highest dollar amount for the mortgage note, but remember, that they are real people with real emotions.  If you can strike an emotional chord with the loss mitigator, you will enhance your chances of getting your short sale approved. 

To write a compelling hardship letter to be included in your hardship package, please read:
  • Tips for writing a great short sale hardship letter 
  • Sample hardship letter

Remember, what you say in your short sale hardship letter can make or break your deal.  Therefore, you must understand what key points to include and what to leave out of your letter to make it as effective as possible.
 
Before you call your lender regarding a short sale, make sure you have someone on your team who can help you get the job done right.  Caroline Allison has been negotiating short sales for almost 14 years now and she has worked with numerous lenders and knows what they are looking for.  Be sure and fill out our confidential short sale form to get the process started.  Upon receiving the form, Caroline will call you to discuss your options when facing foreclosure and a plan for action to meet your goals. 
 





 

 



 



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