Fairfax Virginia Sample Letter for Short Sale Request to Lender

• Category: Real Estate - Foreclosures
• State: Multi-State
• County: Fairfax
• Control #: US-FORECL-08
• Format: Word; Rich Text

Description

This is a sample letter that may be sent to a lender to prevent foreclosure by requesting their agreement to a short sale. The letter may be customized to suit your needs. Subject: Request for Short Sale Assistance in Fairfax, Virginia [Your Name] [Your Address] [City, State, ZIP Code] [Email Address] [Phone Number] [Date] [Bank Name] [Bank Address] [City, State, ZIP Code] To Whom It May Concern, I hope this letter finds you well. I am writing to convey my current financial situation and request your assistance regarding a potential short sale of my property in Fairfax, Virginia. My property at [Property Address], Fairfax, Virginia, [ZIP Code] has unfortunately depreciated significantly in value, leaving me with a mortgage valued higher than the current market worth. Due to unforeseen circumstances such as [reasons for financial hardship, e.g., loss of employment, medical expenses, or divorce], I am unable to continue meeting my mortgage obligations. I have made sincere and ongoing efforts to resolve this issue, including seeking alternative financial solutions, but regrettably, it has become evident that a short sale is the prudential option for both parties involved. A short sale would allow me to avoid foreclosure, minimize the negative impact on my credit, and provide an opportunity for the bank to recover a portion of the mortgage amount. With the aim of initiating the short sale process, I kindly request your cooperation throughout this endeavor. Enclosed, please find the required documentation, including: 1. Financial documentation: — Recent pay stubs or prooincomeom— - Bank statements for the past three months — Proof of any additional financial obligations or debts 2. Supporting hardship documentation: — Detailed explanation of the circumstances leading to my financial hardship — Medical bills or divorce documents, if applicable 3. Real estate documentation: — Comparative market analysis (CMA) or an appraisal report indicating the current fair market value — Recent tax assessments or property valuation reports I would greatly appreciate your prompt review and consideration of my short sale request, given the time-sensitive nature of the situation. I am open to scheduling a meeting or discussion to provide any additional information or answer any questions you may have. I assure you of my commitment to cooperating fully with this process and acting in good faith to ensure a smooth and expeditious resolution. Furthermore, I am hopeful that we can work together to find a mutually agreeable solution for both parties. Thank you for your time and attention to this matter. Please do not hesitate to reach out to me at [Phone Number] or [Email Address] should you require any further information or documentation. Sincerely, [Your Name] [Your Property Address] [City, State, ZIP Code]

Subject: Request for Short Sale Assistance in Fairfax, Virginia [Your Name] [Your Address] [City, State, ZIP Code] [Email Address] [Phone Number] [Date] [Bank Name] [Bank Address] [City, State, ZIP Code] To Whom It May Concern, I hope this letter finds you well. I am writing to convey my current financial situation and request your assistance regarding a potential short sale of my property in Fairfax, Virginia. My property at [Property Address], Fairfax, Virginia, [ZIP Code] has unfortunately depreciated significantly in value, leaving me with a mortgage valued higher than the current market worth. Due to unforeseen circumstances such as [reasons for financial hardship, e.g., loss of employment, medical expenses, or divorce], I am unable to continue meeting my mortgage obligations. I have made sincere and ongoing efforts to resolve this issue, including seeking alternative financial solutions, but regrettably, it has become evident that a short sale is the prudential option for both parties involved. A short sale would allow me to avoid foreclosure, minimize the negative impact on my credit, and provide an opportunity for the bank to recover a portion of the mortgage amount. With the aim of initiating the short sale process, I kindly request your cooperation throughout this endeavor. Enclosed, please find the required documentation, including: 1. Financial documentation: — Recent pay stubs or prooincomeom— - Bank statements for the past three months — Proof of any additional financial obligations or debts 2. Supporting hardship documentation: — Detailed explanation of the circumstances leading to my financial hardship — Medical bills or divorce documents, if applicable 3. Real estate documentation: — Comparative market analysis (CMA) or an appraisal report indicating the current fair market value — Recent tax assessments or property valuation reports I would greatly appreciate your prompt review and consideration of my short sale request, given the time-sensitive nature of the situation. I am open to scheduling a meeting or discussion to provide any additional information or answer any questions you may have. I assure you of my commitment to cooperating fully with this process and acting in good faith to ensure a smooth and expeditious resolution. Furthermore, I am hopeful that we can work together to find a mutually agreeable solution for both parties. Thank you for your time and attention to this matter. Please do not hesitate to reach out to me at [Phone Number] or [Email Address] should you require any further information or documentation. Sincerely, [Your Name] [Your Property Address] [City, State, ZIP Code]