Short Sales: How Long Should My Hardship Letter Be?

The truth is that you don't need to worry about how long your hardship letter is

. The length of the letter is not nearly as important as making certain that your hardship letter is effective. An effective hardship letter must be complete and it always must be consistent with all the other supporting documents that you send to your bank as part of your short sale package. Complete means writing enough to identify at least one legitimate financial hardship making it difficult for you to meet your mortgage obligation. Consistency is important because your hardship letter creates a permanent record that could make things difficult for you later in the process or after the sale if you are seen to be contradictory or misleading.

Short Sales: How Long Should My Hardship Letter Be?

By: Gerald Lucas

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