To Initiate A Short Sale You Will Be Required To Include A Letter of Hardship: 

In your financial hardship letter you should:

  • Keep it brief and to the point.
  • Do not be too vague in your explanation, or too technical.
  • Write with feeling and emotion. (make them cry when they read your letter).
  • Identify the reasons for failing to keep current with your monthly payments.
  • Show them you are willing to participate in a Workout Solution.
  • Thank them for their time and consideration.
  • Include your contact information referencing your account information and property address.
  • Enclose recent bank statements, late mortgage notices, last 2 year's tax returns, and anything else you can find that shows the financial trouble you are going through.

Some Good EXAMPLES of Hardship to include in your letter:

  • any medical complications that would prevent you from maintaining employment
  • drastic decrease in salary
  • loss of employment or reduction in hours
  • fixed income
  • single parent w/out child support