How To Write A Hardship Letter Update

http://theshortsalegenius.com/how-to-write-a-hardship-letter/

For a long time I taught that there are 5 reasons that we would accept in a hardship letter at the bank: Divorce, Unemployment, Rate Change, Military, Job Relocation. Since then I've simplified it down to the two reasons the bank will accept a short sale so any agent can help their clients present an effective hardship letter.

The biggest problem with the hardship letters I saw at the bank and since then have seen working with homeowners is that they disclose WAY TOO MUCH! At the bank I knew I only had to read the hardship letter to know where I could gain leverage on the borrower and the agent representing them.

Go to the blog post at the link above to get a sample template you can use to help your clients disclose only what they need to in their hardship letter.

Category:

Education

Tags:

• hardship letter
• short sale hardship
• short sale training
• short sale genius
• lee honish
• lee hornish

[dustinrmiller]

Great Stuff guys...Learned a lot in my short sale biz from your training. God bless!