What Constitutes A Hardship?

Before asking the lender for a loan modification or short sale check below to see if you would qualify under the hardship guidelines. If so, make sure you specify in your hardship letter just what your hardship is…one of the categories below.

The following are Lender hardship areas that may qualify you for a Short Sale or Loan Modification:

• You have an Adjustable Rate Mortgage or your mortgage will reset
• Illness
• Loss of job
• Reduced Income
• Failed Business
• Job Relocation
• Divorce
• Death of Spouse
• Marital Separation
• Military Duty
• Medical Bills
• Incarceration
• Multiple Births
• Damage to Property by Natural or Unnatural Causes