How do I write my Royal Palm Beach hardship letter?
Your Royal Palm Beach hardship letter is one of the most crucial parts of your short sale package. Without this letter, your short sale package won’t be complete and thus unworthy of your lender’s attention. With so many short sale packages landing on the desks of creditors, you can’t really blame them for prioritizing those who have already done their homework and making it as easy as possible for creditors to process short sales.
Write your own Royal Palm Beach hardship letter!
With or without an agent, you need to write a Royal Palm Beach hardship letter on your own. This is very important as your letter is likely to sound more sincere and convincing if you tell your story with your own words.
There’s nothing wrong, however, with asking advice from your agent or any professional editor or writer you know. In fact, you can start getting helpful advice right here and now with the tips below. Hopefully, they will help you short sell your home quickly and for the best price possible.
Don’t ramble.
Rambling is often seen by lenders and bankers as a pure waste of their time. Even if the rest of your Royal Palm Beach short sale package is good, a poorly written hardship letter can still be more than enough reason to have your application junked.
The best way to avoid rambling is to prepare an outline and draft for your letter. Revise them as much as you can before finally composing a letter. Make sure you get your timeline right and keep everything simple and straightforward.
Support your statements with facts and figures.
Sure, saying that you are “stricken with poverty” can tug heartstrings, but you know what? Even if you have the most softhearted creditor, he probably won’t let his emotions rule his head at work. It would be disastrous if he did as he’d end up bankrupting the very company he’s working for by approving all loan and short sale applications.
In most cases, a creditor would look upon your hardship letter as a business proposal of sorts. If an individual who wants to put up a business needs to prove his financial capacity to do so, your hardship letter is usually about proving your financial incapacity to maintain your home or pay for its mortgage.
Even if you are not literally impoverished, it never hurts to emphasize your financial difficulties in your hardship letter. It help sets the wheels in motion and get your application for a Royal Palm Beach short sale approved more quickly.
No comments:
Post a Comment