Uploaded by LoanModificationNews on Sep 30, 2010
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Consult your loan modification lawyers for to help you draft your short sale hardship letter.
You should ask your loan modification specialists to show you examples of a short sale hardship letter.
You have a much better option by going with a short sale hardship than you do if you file for bankruptcy or foreclosure.
Professional loan modification lawyers can show you a short sale hardship modification letter sample.
You should not rely on internet research--for the best possible example of short sale modificatiion letter sample contact the professionals.
shortLoan Modification Statistics show there are more options if you do not qualify for a modification loan.
You actually have a few options
One of the obvious options may be foreclosure.
The other option is a short sale.
There are other options that are more helpful in terms of your credit score and your general financial status.
You could have the bank take the loan back...
A much better option is a Short Sale
A short sale is exactly as it sounds--selling short
The bank will often times agree to such a proposal
By working with a company or a real estate broker you may find a buyer who will buy your property even at an amount substantially less than what the mortgage is worth and sometimes the bank will agree to that sale.
Once there is a buyer and a seller the deal is solidified and the home will go to someone else.
A short sale can be a very good option and qualified real estate broker or qualified loan modification can help you with that option.
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