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.
Dear [Lender's Name], I am writing to formally request your assistance in facilitating a short sale for my property located in Hillsborough, Florida. As you may be aware, a short sale occurs when the proceeds from the sale of a property are less than the outstanding mortgage balance, and the lender agrees to accept this reduced amount as full settlement of the debt. Hillsborough County is conveniently situated in the heart of the vibrant state of Florida. Boasting a rich cultural heritage, diverse communities, and a favorable climate, Hillsborough is a highly sought-after location for both residents and tourists. The county encompasses various cities and towns, including Tampa, Plant City, and Temple Terrace. Due to unforeseen financial circumstances, I am unable to sustain the current mortgage payments on the property. Despite diligent efforts to rectify the situation, I find myself in a position where a short sale is the most viable solution to avoid foreclosure. I believe that a short sale is mutually beneficial, allowing us to avoid the extensive time and expenses associated with foreclosure proceedings. In support of my short sale request, I have taken proactive steps to market the property and seek qualified buyers who are willing to purchase the property at fair market value. As part of the short sale process, I am enclosing all pertinent documentation, including the purchase agreement, property appraisal, and financial statements, to substantiate the need for a short sale. I understand that the short sale request requires careful consideration and evaluation to determine the best course of action for both parties involved. I kindly request that you assess my proposal with expediency, as time is of the essence. Furthermore, I believe that a short sale will provide a viable solution for both parties, allowing us to avoid the burdensome process of foreclosure and financial distress. In conclusion, I would like to express my sincere appreciation for your time and attention to this matter. I firmly believe that a short sale is the most equitable resolution for all parties involved and will enable a smooth transition of the property's ownership. Please do not hesitate to contact me at [Your Contact Information] should you require any further details or documentation. Thank you for your understanding and cooperation. Sincerely, [Your Name]
Dear [Lender's Name], I am writing to formally request your assistance in facilitating a short sale for my property located in Hillsborough, Florida. As you may be aware, a short sale occurs when the proceeds from the sale of a property are less than the outstanding mortgage balance, and the lender agrees to accept this reduced amount as full settlement of the debt. Hillsborough County is conveniently situated in the heart of the vibrant state of Florida. Boasting a rich cultural heritage, diverse communities, and a favorable climate, Hillsborough is a highly sought-after location for both residents and tourists. The county encompasses various cities and towns, including Tampa, Plant City, and Temple Terrace. Due to unforeseen financial circumstances, I am unable to sustain the current mortgage payments on the property. Despite diligent efforts to rectify the situation, I find myself in a position where a short sale is the most viable solution to avoid foreclosure. I believe that a short sale is mutually beneficial, allowing us to avoid the extensive time and expenses associated with foreclosure proceedings. In support of my short sale request, I have taken proactive steps to market the property and seek qualified buyers who are willing to purchase the property at fair market value. As part of the short sale process, I am enclosing all pertinent documentation, including the purchase agreement, property appraisal, and financial statements, to substantiate the need for a short sale. I understand that the short sale request requires careful consideration and evaluation to determine the best course of action for both parties involved. I kindly request that you assess my proposal with expediency, as time is of the essence. Furthermore, I believe that a short sale will provide a viable solution for both parties, allowing us to avoid the burdensome process of foreclosure and financial distress. In conclusion, I would like to express my sincere appreciation for your time and attention to this matter. I firmly believe that a short sale is the most equitable resolution for all parties involved and will enable a smooth transition of the property's ownership. Please do not hesitate to contact me at [Your Contact Information] should you require any further details or documentation. Thank you for your understanding and cooperation. Sincerely, [Your Name]