Hardship Letter Template - Short Sale (Page 3 of 3) in pdf

Hardship Letter Template - Short Sale Page 3

BORROWER HARDSHIP LETTER EXAMPLE #2

My wife has recently suffered a devastating illness. She is unable to continue

working and it may be years before she is well enough to work. She has been the

primary wage earner in our family for the past 10 years.

My income cannot come close to covering our monthly expenses. We find

ourselves deeper in debt every month with no relief in the foreseeable future. I

have sold our second car and anything else that we do not absolutely need. Our

home is large and the minimum monthly expenses for the upkeep, electricity, gas,

etc. are very high.

Our only hope at this time is to sell our home. Unfortunately, if we sell our home

in the present slow real estate market, we will be upside down about $30,000.00.

Our only other alternative is bankruptcy.

We would appreciate any help you are able to provide.

Sincerely,

BORROWER HARDSHIP LETTER EXAMPLE #3

As a result of upward adjustments to our monthly mortgage payment, my wife

and I are unable to afford our mortgage. As I sit here today it’s not clear to me

how I ever thought that we could afford the mortgage once payments started

adjusting. I wish my loan officer would have explained to us where our monthly

payments were going to be when they adjusted.

We have borrowed money from family and we have taken cash advances on credit

cards, but we are falling further and further behind with no real hope of affording

the payment. At this point, we can’t do it any longer.

Both my wife and I are very sorry that this has happened. We are losing our

dream house, and we know you are losing too. We just don’t have any other

options.

Please work with us on a Short Sale. We don’t want to go through foreclosure,

but if we can’t do a Short Sale we will not be able to avoid it.

Thank you for your consideration.

Sincerely,

Hardship Letter Template - Short Sale Page 3