SAMPLE ONLY To Whom It May Concern: From: Your Name – Name of Loan co-signer (if applicable) Subject: Mortgage – please include mortgage number(s) and bank names Date: Today’s Date Paragraph #1: Please state the circumstances of your financial hardship and include the following points in this paragraph: · I tried to sell the house myself and have had no buyers · I spoke to a Realtor and he said that I would probably have to pay cash at closing since my house is overleveraged · Reason I went into foreclosure is ………………….(please be specific as this will help) Paragraph #2: As a result of the above circumstances I do not have the financial resources to make good on the past due balance on the mortgage or make the monthly payments. Also, the house is in need of the following repairs: LIST REPAIRS (once again please be specific – putting yourself in the shoes of a very picky buyer helps) Since I’m in dire straits, I cannot afford to make the necessary repairs either. Paragraph #3: The house is not worth what I currently owe. Hopefully, you can work something out with the person interested in buying my house on the amount that is owed so they can purchase it and help me move on. Thank you for your time and I hope we can have this matter resolved soon. Sincerely, Signature required Date required For additional information about listing your property as a short sale, please contact The Ballen Group at 702.482.7739 or e-mail sold@theballengroup.com. Although The Ballen Group is successful with Las Vegas shortsales, the information provided on this website should not be taken as legal advice. Please consult legal advice, accounting advice, and mortgage advice from licensed & able professionals in each field. *For a FREE consultation with a legal team, please call us at 702.482.7739. |