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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 ...
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 ...
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.
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 ...
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 ...