Short Sale Hardship Letter Sample

Are you experiencing financial difficulties and need to write a Short Sale Hardship Letter to your lender? Below you will find a sample letter that can help guide you through the process. Feel free to modify this template to fit your specific situation and needs.

Understanding the Purpose of a Short Sale Hardship Letter

A Short Sale Hardship Letter is a crucial document that explains your financial situation to your lender. It is meant to demonstrate to your lender that you are facing financial hardship and are unable to meet your mortgage obligations. The letter serves as a plea for leniency and understanding, asking the lender to consider accepting a short sale of your property instead of proceeding with foreclosure.

Explains your financial difficulties
Shows that you are unable to meet your mortgage obligations
Requests leniency and understanding from the lender

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Dear [Recipient’s Name],

I am writing to you to explain my current financial situation and the reasons why I am unable to continue making payments on my mortgage. Due to [briefly explain your hardship, such as job loss, medical emergency, or divorce], I have experienced a significant decrease in income and am struggling to cover my basic living expenses, let alone my mortgage payments.

I have explored all possible options to improve my financial situation, including seeking alternative employment and cutting back on expenses. However, despite my best efforts, I find myself in a situation where a short sale of my property is the most viable solution to avoid foreclosure.

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I am reaching out to you in the hopes that you will consider my request for a short sale of my property. I understand the impact this will have on my credit score and financial future, but I believe it is the best course of action given my current circumstances.

Thank you for taking the time to review my situation. I appreciate your understanding and consideration in this matter.

Sincerely,

Your Name