Travis Texas Sample Letter for Short Sale Request to Lender is a formal document submitted by homeowners in Travis County, Texas, who are facing financial hardships and seeking relief through a short sale. A short sale is an alternative to foreclosure, where the lender agrees to accept less than the owed balance on the mortgage, allowing the homeowner to sell the property at a reduced price. The sample letter serves as a template for borrowers to communicate their financial situation, justify their need for a short sale, and request the lender's consent. A well-written Travis Texas Sample Letter for Short Sale Request should include the following essential sections: 1. Contact Information: It is crucial to include the homeowner's full name, property address, phone number, and email address at the beginning of the letter for efficient communication. 2. Introduction: Begin the letter by addressing the lender or relevant department and providing a clear subject line, such as "Short Sale Request for Property Address." This sets the tone and purpose of the letter. 3. Financial Hardship Explanation: Describe in detail the financial hardship that has led to the need for a short sale. This can include job loss, divorce, medical bills, or other significant life events that have affected the homeowner's ability to afford the mortgage. 4. Property Information: Mention the property's current market value along with any recent appraisals or assessments. Include details about any issues affecting the property's value, such as repair needs or market conditions. 5. Loan Information: Specify the loan account number, original loan amount, current loan balance, monthly payment, interest rate, and any past-due amounts. This information helps the lender understand the current loan status. 6. Justification for Short Sale: Highlight why a short sale is the best solution for both the homeowner and the lender. Explain that a short sale would likely yield a higher recovery for the lender compared to a foreclosure process. 7. Requested Sale Price: Present a competitive and realistic estimate of the property's market value and propose a reduced sale price that the homeowner believes will attract potential buyers. 8. Supporting Documents: Attach relevant documents to support the short sale request, such as financial statements, income tax returns, pay stubs, bank statements, or any other documents that validate the homeowner's financial hardship. Remember that there might not be different types of Travis Texas Sample Letter for Short Sale Request to Lender specifically, as the content usually follows a standardized format. However, individual circumstances and additional requests may vary, leading to some customization within the letter format.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.