Short Sale Letters

April 15th, 2010 categories: For Sellers, Mortgages & Financing

Over the last few years I have seen an increase in the number of people having difficulties making their monthly mortgage payment on their Honolulu condo or house. Though it is not a good situation once it becomes clear that something needs to be done most people begin by investigating refinancing and/or mortgage modification. If satisfaction cannot be found through these two avenues, then the more drastic steps of a short sale, deed-in-lieu of foreclosure or an actual foreclosure become the remaining options. Part of the short sale process is to write a letter explaining your situation and whey the lender should consider granting the short sale. Rather than reinventing the wheel, I found an excellent series of letters at Blog The Rockies, a Boulder Colorado real estate blog.

“To Whom It May Concern:

This letter is a explanation of our financial hardship for short sale documentation. At the time I bought a home, my wife and I were full time employees of long standing companies. Upon the harsh economic times, lay offs were inevitable and my wife and I both found ourselves laid off. Not to mention, a baby on the way. We were unprepared for this unknown fate and as a result, have not been able to make our mortgage payments.

The current market conditions resulted in an under appraised home. We have both been laid off for almost a year, thus depleting our savings. Although our efforts to find new jobs has been a full time job in itself, no jobs have become available in this area. I finally received a job offer in another state, but the pay is much less and my wife is staying home with our new baby.

I feel certain that a short sale is the best option for us to get out of this situation and hopefully move forward with our lives.

Thank you in advance for allowing us this opportunity to short sale on our home.

Please do not hesitate to contact me and our Realtor who is assisting us in this entire transaction.”

CLICK HERE TO READ THE ENTIRE BLOG.

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If you would like to discuss your real estate needs, feel free to call me at 808-737-2093 or toll free at 877-737-2093. You can email me at keahi@lava.net.

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