What to Include in a Hardship Letter

If you ever have to write a letter of hardship when selling your house through a short sale, there are a few things that you will want to include. If your lender is going to allow a short sale to go through, they are going to want to make sure that it is for a good reason. Not everyone is eligible for a short sale and hardship letter is a big part of the process. Here are a few things that you will want to include in your hardship letter.

Details of Hardship

Many people that write a hardship letter think that they should be vague and unspecific about the details of their hardship. They say things like, "We had a rough year" instead of telling the bank exactly what went wrong. They like to think that the circumstances you went through were unavoidable. The more detail you give them in the letter, the more easily they can determine whether or not you should be approved. Try and evoke emotion in your writing as best as you can.


You should also let them know that this was a one-time thing. You feel sorry for the financial mistakes that you have made and they will not happen again. 

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