Looking for a sample of a good hardship letter..My hard drive crashed & I lost all my forms... Computers are hello when they are well, but can get sick a spell...
I agree that hardship letters are usually best written by the seller from their heart and in their handwriting (including grammatical mistakes and misspellings).
Usually, homeowners who agree to do a shortsale with you are in a financial distress situation. All they need to do is write their financial heartache with nothing to hide.
Find out the date when the seller stopped making payment. Have the illness, loss of work, relationship troubles, bad tenants, start right before that date. Also have them meantion the needed repairs to the house that they can not afford.
End with them apoligizing and asking that they work with you.
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To Whom It May Concern
I have fallen behind on my mortgage payments due to tenant problems. In 2003 I had a series of tenants who did not pay rent and destroyed the house. The loss of income, legal costs, and the repair costs forced me to file Chapter 13 Bankruptcy last fall. I later had the Chapter 13 dismissed because the payment plan was increased to an amount that I could not afford.
Unfortunately the house is still in need of repair. I have it rented, but it is rented at below market because of the condition. And then the recent hurricanes caused additional damage to the roof, trees, and water damage. I do not have the money to perform the needed repairs.
With the loss of income, expenses, and repairs still needed, I am no longer able to afford the house and must let it go. I am sorry for not being able to pay my mortgage, but the last year has been very hard on me financially and emotionally with all the tenant and property problems. I am hoping that the house can be sold so that I can put these problems behind me and not have to face a foreclosure. Please approve the sale of the house so that both Homecomings and I can avoid a foreclosure.
Tell the seller to write one. A template might be good. But a letter from the heart is always better.
I agree that hardship letters are usually best written by the seller from their heart and in their handwriting (including grammatical mistakes and misspellings).
Usually, homeowners who agree to do a shortsale with you are in a financial distress situation. All they need to do is write their financial heartache with nothing to hide.
Find out the date when the seller stopped making payment. Have the illness, loss of work, relationship troubles, bad tenants, start right before that date. Also have them meantion the needed repairs to the house that they can not afford.
End with them apoligizing and asking that they work with you.
====================
To Whom It May Concern
I have fallen behind on my mortgage payments due to tenant problems. In 2003 I had a series of tenants who did not pay rent and destroyed the house. The loss of income, legal costs, and the repair costs forced me to file Chapter 13 Bankruptcy last fall. I later had the Chapter 13 dismissed because the payment plan was increased to an amount that I could not afford.
Unfortunately the house is still in need of repair. I have it rented, but it is rented at below market because of the condition. And then the recent hurricanes caused additional damage to the roof, trees, and water damage. I do not have the money to perform the needed repairs.
With the loss of income, expenses, and repairs still needed, I am no longer able to afford the house and must let it go. I am sorry for not being able to pay my mortgage, but the last year has been very hard on me financially and emotionally with all the tenant and property problems. I am hoping that the house can be sold so that I can put these problems behind me and not have to face a foreclosure. Please approve the sale of the house so that both Homecomings and I can avoid a foreclosure.
Sincerely