Q: I am trying to complete a short sale. My lender requested a hardship letter, but I don’t know what to include in it. Can you help? – Anonymous A: Whether you are trying to complete a short ...

The first step of the short sale process is negotiating the sale with your mortgage lender or servicer. Write a hardship letter explaining that you’ve come up against a legitimate financial ...

If your short sale is denied, find out why from the lender. If the sale was denied because of missing documentation or an insufficient explanation in your hardship letter, you might be able to ...

Many a homeowner has been "inspired" to do-it-yourself-dom by a traumatic encounter with a bad contractor (traumatic to the psyche -- or the pocketbook). In the same vein, the spate of loan ...

For a short sale to move forward, the lender must agree to sell the home for less than the amount owed on it. Sellers typically must craft a hardship letter to their lender that explains their ...

Many buyers tend to be interested in short ... short sale is necessary. This can include: copies of your most recent pay stubs, tax returns, W-2’s, and bank statements, as well as a hardship ...

Investopedia / NoNo Flores A short sale in real estate is an offer ... your proposal should include a hardship letter explaining the circumstances preventing you from making your mortgage payments.

Once you receive and accept an offer from a qualified homebuyer, you’ll submit the offer to the lender for approval, along with a short sale package that includes a hardship letter.

A short sale can only happen with the lender’s permission, and a lender won’t agree to it unless the seller successfully demonstrates hardship. Short sales tend to pick up in times of ...