Keep it simple. The banks do not want anything longer than one page. It should include:
Date you started to get into trouble.
Why you got into trouble (divorce, loss of job, death, increase in interest rate, etc.)
Why you cannot afford the payments
They hardship this has created for you and your family
If you would like me to review the letter i would be happy to do so. My email is TheRoops@TheRoopGroup.com. I have worked with over a dozen short sale and foreclosure deals and have alot of experience in dealing with the banks. I will be happy to help in any way.
Sincerely,
Adam Roop
EXIT Shore Realty
410-912-0310 - Tue Sep 29 2009, 18:33