Cape Coral Short Sale Expert

Bonita Springs- Estero -short- sale- information. Written by Joe Kendall. Broker Associate with Sandals Realty . Question for you, was you Loan Modification denied by your lender? Are you facing a possible foreclosure situation? I can help you avoid foreclosure !

 

Short Sale Avoid Foreclosure Advice written By Joe Kendall, Broker Associate with Sandals Realty. The Hardship Letter is the most important and is a major factor in getting your short sale approved by your lender along with your  documentation supporting this letter. ( I can go over this when we talk in Person)

 

I would like to give you some tips in how to write a hardship letter to your mortgage lender greatly improving your chances of the bank understanding your own personal situation.

 

Remember you are composing the "hardship letter" for your bank or your mortgage servicing company, do not write a book because most likely it will not get the attention your trying to receive from the lender. The person that is going to read this is someone that understands general information that is factual.

 

Please Keep it to one page (Do Not Type It , but write it out with an ink pen or print the letter out in ink, again Do Not Type This Letter !) be right to the point, put the emotional aspect  in the beginning and in the closing your message.

 

Here is an example list of hardships that lenders consider:

 

        Illness  (explain before and after effects)

 

• Loss of Job ( what income you made before and now current, explain in the unknown future if it's unclear. 
• Reduced Income (what you made before and what is now current )
• Failed Business   ( how much was invested, how much money was lost and how this has impacted you currently)
• Job Relocation ( forced to relocate ( current mortgage payment and what your new mortgage payment will be in our new location ) show your current income can not support two homes in a simple math problem)
• Death of Spouse or C0-Borrower
• Death (supporting documents )
• Divorce (support documents )
• Marital Separation (how this has impacted your ability to pay all your current bills )  
• Reduced Income (what was it before and now )
• Medical Bills   List all the bills current and future balance , list how much money you are currently behind)
• Damage to Property (natural disaster or unnatural)

 

Here I explain in detail more about what may qualifty you for a short sale. Click Here

 

Now that you understand what your lender or servicer is looking for, it’s time to sit down and write a hardship letter. . Make sure you make it unique to your personal situation. Do not talk about local or national media issues, make it very personal coming from your heart.

 

 Remember that your hardship letter is a very important part of the workout process.

 

 Example Hardship Letter:

 

 Name: (Your Name)

 

 Address: (Your Address)

 

 Lender Name: (Your Lender)

 

 Loan #: (your Loan #)

 

 To Whom It May Concern:

 

 I am writing this letter to explain my/our unfortunate set of circumstances that have caused us to become behind in our obligation to maintain our current mortgage payments . We have done everything in our power to make ends meat but unfortunately we have fallen so far behind that it looks very bleak so we are asking for your help. (ADD YOUR PERSONAL, EMOTIONAL FEELINGS HERE )

 

We would like you to consider working with us to modify our loan or doing a bank short sale. Our number one goal is  to keep our home and we now have come to conclusion our dream home and all we have worked for our in-tire lives is coming to end end and we have to come to terms with this. Please understand it's very hard and we did not ask for ourselves to be in this situation we are in today.

 

 The main reason that caused us to be so far behind is ( insert the No 1 reason here and be to the point   ) Soon after being late and our income not being no where near enough, we had fallen further and further behind. It’s now to the point where we cannot continue to catch up or pay what is owed to you. It has always been in the past and up to now,  to fully meet our monthly obligations to pay what we owe and stay current. But at this time we have exhausted all of our income and resources so we are asking for your helP

 

(The approximate date start of the hardship, we believe that our situation is ? on future timetable is ? )

  

Our situation has got-ton worse because (reason here) and we feel that if you could rework our loan balance and mortgage payment or agree to do a short sale? We feel this  would benefit us and (the name of the lender here). We would appreciate if you can work with us to lower or delinquent amount owed and or payment so we can keep our home and also afford to make amends with your firm.

 

We truly hope that you will work with us and together we can get this settled so we all can both move on.

 

Thank-You for your time in considering me and my family's  under these hard and difficult times

 

 Borrower’s Signatures

 

 Date

 

 

Fort Myers & Bonita Springs, Short Sale Expert Advice written by Joe Kendall, Broker Associate with Sandals Realty. 

If you do a short sale your chances are very high they will release you from any future debt to them.The short sale process I have been using is based on my experience in closing short sales since 2007. My experience will help you achieve a higher success with a release of any future deficiency with your lender.   

 

The results of a successful short sale only restricts you from getting a mortgage from Fannie Mae or Freddy Mac for within 3 years. This helps you restore your credit report a lot quicker then a foreclosure.

 

Are you wondering what may qualify you for a short sale? Just click here

 

Experienced Agent that has successfully closed several short sales is your best choice to help you with closing your bank short sale contract.

 

I look forward to speaking with you!

   

Naples and Bonita Springs short sale Information. Successfully closing a Short Sales is a way to move on with your life and move forward without ever having to worry about the bank coming back after your in your future ! My goal is to re-leave you of your debt and never have to worry about it again!

Naples and Bonita Springs Short Sales. Experience matters when closing a short sale.

  I will help to expedite your transaction, you don't want to miss any important details due to an inexperience Realtor to find out your transaction is not going to close because someone has not followed up in a timely manner and asked the right questions to the bank.

 Finding a good local real estate agent / broker is essential to enjoying a painless real estate transaction. The best agent for you doesn't necessarily work at the largest brokerage, close the most transactions or has the largest sales team.

  Many of the traditional real estate offices in Naples and Bonita Springs have a history of  just going after listing after listing with the hope that someone else is going to sell it ! Your short sale is a different kind a sale too !

I will listen to you and your concerns and advise you all the way to the closing, your never lone! Every sellers situation is different and I understand your importance in getting you debt situation resolved so you can move on with your life.

I have successfully closed bank short sales, I look forward to talking to you.