Picture
You should reveal every little thing just to show that your situation is real and that you cannot afford to make your mortgage payment. Use numbers and percentages to explain the loss your of income or negative cash flow. For example, instead of saying, "I'm borrowing money to make the mortgage payments," disclose the dollar amount and source of that debt. A good example would be, "I've borrowed $10,000 against my VISA card to make my payments over the past six months, and I have tapped my cards to the maximum."

You need to paint the worst picture that you honestly can. If your car needs maintenance or repair, if the cat has cancer and your vet bills are increasing, if your kids are starving to death on peanut butter sandwiches, and your fingernails are worn from quick scrubbing other people's floors for pennies a day, then put it into your hardship letter. Use simple words that anyone can understand. The people reading these hardship letters are real people. If they don't feel sorry for you by the time they have finished reading, then maybe you need to re-write it. 




Leave a Reply.

    East Lion Realty & Mortgage

    We're a big-town company that handles realty in all of Southern California. Haven't heard of us? Come to our website to learn more then!

    About the Team

    Here at East Lion Realty & Mortgage, we take care of you and want to learn more about you. In order to do that, you need to learn more about us as individuals. Go here to view our profiles.

    Thinking about a Short Sale?

    Ashish can help you short sale your property and get back on your feet. Send him an e-mail at Ashish@EastLionInc.com. He will contact you for a free consultation and explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call him directly at (818) 259-3455.

    Discover how other sellers successfully completed a short sale and request a free consultation by going to our Facebook page.

    Categories

    All
    Advice
    Curb Appeal
    Finding Agents
    Hardship Letter
    Home Value
    Housewarming
    Load Modification
    Short Sale
    Tiny Homes