I've been getting a lot of questions lately about the HAFA Program and how it relates to short sales, and why people should pay attention to it if they have been thinking of selling their home. There are loads of other websites out there that explain and define the HAFA short sale program, but this is my attempt at a very clear and concise explanation.
You might be writing a hardship letter for any variety of reasons: loan modification, short sale, or several others. This particular article relates to writing a short sale hardship letter, but most of the hardship letter guidelines and certainly the hardship letter sample is useful for almost any type of hardship letter.
According to an article in New York Times, mortgage lenders are offering cash incentives to homeowners willing to short sale. Shed the high payment of an upside down mortgage and get paid to do it!
Getting short sale approval always takes persistence and dedication, but when one client's file seemed jinxed, our team had to fight back with more than our usual willfulness.