Board-certified real estate attorney Gary M. Singer answers housing questions in this space each Friday. To ask him a question about short sales, mortgages, refinancing, homeowner’s associations or any other residential real estate topic, click here.
Q: I am trying to complete a short sale. My lender requested a hardship letter, but I don’t know what to include in it. Can you help? – Anonymous
A: Whether you are trying to complete a short sale or apply for a loan modification or deed in lieu of foreclosure, your lender will request a letter explaining why it should grant you the relief that you are requesting. This is known as a hardship letter. The majority of hardship letters I review share common mistakes.
via Ask a real estate pro: How to write a short sale hardship letter.