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What Sort of Hardship Will my Lender Accept?

Sep 11, 2012
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To some extent, what hardships will be accepted depends upon the mortgage company considering the Short Sale request. Generally, so long as the hardship is real and the mortgage company believes the loan is likely to become delinquent as a result, the Short Sale request will be processed.

A big key to getting Loss Mitigation to accept a hardship is to submit a strong hardship letter. The hardship letter sets the tone for the entire file. After discussing your situation we will write the hardship letter for you, have you review it, sign it, and return it to us.

Below you will find a list of "hardships" that are common and frequently accepted by mortgage lenders. This list is not all inclusive, so don't worry if you are facing a hardship that does not appear here.

  • Business failure
  • Casualty Loss
  • Reduction of Income
  • Death in Family
  • Death of Mortgagor
  • Distant Employment Transfer
  • Excessive Obligations
  • Fraud
  • Illness in Family
  • Illness of Mortgagor
  • Inability to rent property
  • Incarceration
  • Marital Difficulties
  • Military Service
  • Payment Adjustment
  • Payment Dispute
  • Property Problems
  • Title Problems
  • Transferring Property
Read 1422 times Last modified on Thursday, 07 March 2013 17:33


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