subject: Brokers Price Opinion Form - Short Sale Basics [print this page] What is a Hardship Letter? What is a Hardship Letter?
A Hardship Letter is a simple letter provided to the bank that illustrates the reason(s) why you have fallen behind in your payments. The letter should include any and all events that have led to financial hardship, including, but not limited to, divorce, job loss, bankruptcy, reduced hours at work, illness, death or disability. The Hardship letter should also include any measures you have taken to sell the property. For example, did you list the property with an agent or For Sale by Owner? If so, how many showings were there? Also, it is wise to include any repairs that are needed on the property in the hardship letter. Brokers Price Opinion Form
