short sale package
April 5th, 2009 No comments
The must know tool to be used when in foreclosure is the short sale. Usually the bank will send you a list of all paperwork required for the submission. This list varies slightly for different lenders, but they all include the hardship letter. Your lender wants to know what happened to you, especially if you have been current on your payments for years. Here are some useful tips for preparing your hardship letter.
Tip #1: Make it emotional. Tell your story as if you are talking to a friend. Point out that you want to keep the house but cannot afford the payments.