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.
Sample Letter for Short Sale Request to Lender in Maricopa, Arizona [Your Name] [Your Address] [City, State, ZIP] [Email Address] [Phone Number] [Date] [Bank Name] Attn: Loss Mitigation Department [Bank Address] [City, State, ZIP] Subject: Request for a Short Sale of Property Dear [Lender's Name], I am writing to formally request a short sale on my property located in Maricopa, Arizona. Due to unforeseen circumstances and financial difficulties, I am no longer able to afford my mortgage payments. I believe that a short sale would be a mutually beneficial solution for both the bank and me. Property Information: Address: [Property Address] Loan Account Number: [Loan Account Number] Property Value: [Current Estimated Market Value] Outstanding Mortgage Balance: [Current Mortgage Balance] Approximate Level of Delinquency: [Number of Months Delinquent] Reason for Financial Hardship: [Brief Explanation] I have diligently researched available options to alleviate my financial burden and have come to the conclusion that a short sale would be the best resolution for all parties involved. The Maricopa real estate market has experienced a decline in property values, and the current estimated market value of my property is significantly lower than the outstanding mortgage balance. I have given significant consideration to other alternatives such as loan modification or refinancing. However, based on my financial analysis, I believe that a short sale would provide the most viable solution for all parties. I have made unsuccessful attempts to sell the property at fair market value, and it has resulted in significant financial strain. To demonstrate my sincerity and commitment to resolving this matter, I have consulted with a qualified real estate agent who specializes in short sales in the Maricopa area. If approved, I intend to list the property at a price that reflects the current market conditions. I understand that this may result in a deficit for the bank, but I genuinely believe that a short sale is the most financially responsible course of action. I have attached the necessary documentation required to process the short sale request, including financial statements, bank statements, tax returns, pay stubs, and any other supporting documentation you may need. Furthermore, I kindly request your timely consideration of my short sale request, as I am actively seeking a resolution to avoid foreclosure and minimize the financial impact on both parties involved. Furthermore, I am prepared to cooperate with any necessary evaluations, inspections, or paperwork required throughout the short sale process. Thank you for your attention to this matter. I look forward to working with you to reach a mutually agreeable solution. Please contact me at your earliest convenience by phone or email to discuss the next steps. Sincerely, [Your Name] Types of Maricopa Arizona Sample Letter for Short Sale Request to Lender could include variations such as: 1. Initial Short Sale Request Letter 2. Follow-Up Short Sale Request Letter 3. Request for Short Sale Approval Letter 4. Short Sale Offer Letter to Lender 5. Short Sale Hardship Letter to Lender 6. Short Sale Explanation Letter to Lender 7. Short Sale Negotiation Letter to Lender.
Sample Letter for Short Sale Request to Lender in Maricopa, Arizona [Your Name] [Your Address] [City, State, ZIP] [Email Address] [Phone Number] [Date] [Bank Name] Attn: Loss Mitigation Department [Bank Address] [City, State, ZIP] Subject: Request for a Short Sale of Property Dear [Lender's Name], I am writing to formally request a short sale on my property located in Maricopa, Arizona. Due to unforeseen circumstances and financial difficulties, I am no longer able to afford my mortgage payments. I believe that a short sale would be a mutually beneficial solution for both the bank and me. Property Information: Address: [Property Address] Loan Account Number: [Loan Account Number] Property Value: [Current Estimated Market Value] Outstanding Mortgage Balance: [Current Mortgage Balance] Approximate Level of Delinquency: [Number of Months Delinquent] Reason for Financial Hardship: [Brief Explanation] I have diligently researched available options to alleviate my financial burden and have come to the conclusion that a short sale would be the best resolution for all parties involved. The Maricopa real estate market has experienced a decline in property values, and the current estimated market value of my property is significantly lower than the outstanding mortgage balance. I have given significant consideration to other alternatives such as loan modification or refinancing. However, based on my financial analysis, I believe that a short sale would provide the most viable solution for all parties. I have made unsuccessful attempts to sell the property at fair market value, and it has resulted in significant financial strain. To demonstrate my sincerity and commitment to resolving this matter, I have consulted with a qualified real estate agent who specializes in short sales in the Maricopa area. If approved, I intend to list the property at a price that reflects the current market conditions. I understand that this may result in a deficit for the bank, but I genuinely believe that a short sale is the most financially responsible course of action. I have attached the necessary documentation required to process the short sale request, including financial statements, bank statements, tax returns, pay stubs, and any other supporting documentation you may need. Furthermore, I kindly request your timely consideration of my short sale request, as I am actively seeking a resolution to avoid foreclosure and minimize the financial impact on both parties involved. Furthermore, I am prepared to cooperate with any necessary evaluations, inspections, or paperwork required throughout the short sale process. Thank you for your attention to this matter. I look forward to working with you to reach a mutually agreeable solution. Please contact me at your earliest convenience by phone or email to discuss the next steps. Sincerely, [Your Name] Types of Maricopa Arizona Sample Letter for Short Sale Request to Lender could include variations such as: 1. Initial Short Sale Request Letter 2. Follow-Up Short Sale Request Letter 3. Request for Short Sale Approval Letter 4. Short Sale Offer Letter to Lender 5. Short Sale Hardship Letter to Lender 6. Short Sale Explanation Letter to Lender 7. Short Sale Negotiation Letter to Lender.