Short Sale Tip # 5: Homeowner Financial Package Now that you are asking for a reduction in their payoff, and after you have submitted a real tear-jerker of a Hardship Letter, the bank wants to see how the hardship has truly affected the homeowner financially. The homeowner needs to provide you with the following information: [...]
Can you imagine a doctor not being able to write a prescription? Can you imagine a lawyer not knowing how to file a lawsuit? Can you imagine an accountant not being able to file a tax return? Of course not, it would be ludicrous to even think that. I mean..it’s what we expect of a [...]
The Hardship Letter What happened? Seriously what happened? When you took the loan out everything was great. You were making money, your credit was good and by all accounts you appeared financially sound. Now you’re in default and telling your lender you need to sell the property short to avoid the home being repossessed by [...]
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