SHORT SALE HARDSHIP
Q: What constitutes a hardship in the eyes of short sale lenders and do I need to have a true hardship to short sell?
A: "A hardship is essentially anything that has caused a change in life circumstances. For example, it might be a sickness, it might be a divorce, it might be the loss of a family member, it might be the loss of a job. There are a number of things that can qualify as a hardship. Whether your bank will accept it as a hardship or not depends on the bank, but all life changing circumstances, whether big or small, can be considered a hardship."
A: "A hardship is essentially anything that has caused a change in life circumstances. For example, it might be a sickness, it might be a divorce, it might be the loss of a family member, it might be the loss of a job. There are a number of things that can qualify as a hardship. Whether your bank will accept it as a hardship or not depends on the bank, but all life changing circumstances, whether big or small, can be considered a hardship."