What Is A Short Sale Package?
If you are facing foreclosure, do not throw in the towel and walk away from the property. There are many options that one can initiate to slow or stop the foreclosure process. One of these steps includes selling to a real estate investor that will need to start a short sale package. This is information provided to the lending institution in an effort to allow your home to be sold in a short sale. The hardship letter explaining your circumstances gives the lender a valid reason why to give a discount on the loan they provided. It should also include a police report.