Having to go through a short sale is never something, anyone wants to go through. When anyone decides to purchase their home, they plan on staying in it for, well, all their lives. If, on the other hand something bad happens to our economy, their home will either have to be foreclosed upon or sold to their lender at a discounted payoff.

This is what a short sale is. When the homeowner’s property is sold to their lender, at a discounted payoff price. Once the property is sold at a discounted price, the lender can release the lien that is on that property. With knowing what a short sale is, let me show you how to now write a short sale hardship letter to avoid a foreclosure.

When writing the short sale letter to your lender, please be respectful in your words and phrases. This letter will be read by the lender’s loss mitigator. If this letter is to have any effect or evoke any empathy from your lender, remember, they are human too.

As you write your letter, make it as personal as possible. You can talk about how you’ve made your home your own, how you love coming home everyday and being able to call it, home. Let your lender know how you and your family have done in ways of home improvements to increase your home’s value.

When you write this letter, it is best to keep it under a page. This will ensure the lender will read it and give you the benefit of the doubt. It is also a good idea to, in a nutshell; tell the lender why you are writing this letter. In the first paragraph of your short sale letter, tell the lender exactly why you are writing this. They will not want to know why in the last paragraph of your letter.

Remember, even though this letter has to be written, please treat your lender with respect. This is no time for harsh words or attitudes either.