The Importance of Crafting a Hardship Letter

Lots of people have a hard time trying to write a hardship letter to get qualified for a short sale.

I tell people not to worry about sentence structure or spelling or grammar. Just put the story down on paper, and I'll help them to review their draft. I try to make sure they aren't inadvertently disqualifying themselves by talking about facts that are unimportant. What a seller thinks is important and what a bank finds important are sometimes two different things.

More Articles by Elizabeth Weintraub:

• Reasons to Do a Short Sale
  
• How to Avoid Short Sale Mortgage Fraud
  
• Why Buy and Bail is Wrong

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_{At the time of writing, Elizabeth Weintraub, DRE # 00697006, is a Broker-Associate at Lyon Real Estate in Sacramento, California.}