A financial hardship will be required to get your Jacksonville short sale approved.
The most common hardships that are easily approved and widely accepted by lenders:
- Employment or military relocation
- Death of a co-borrower/household wage earner
- Facing foreclosure
- Increase in expenses
- Decrease in income
- Natural disaster impacting property or employment
- Medical issues
However there are many other reasons to short sell that do translate in to qualifying financial hardships if presented in the right fashion.
There is a lot of misinformation out there on the web regarding what is and is not an acceptable hardship. Before assuming your “hardship” doesn’t qualify, talk to me!
Last Updated on January 14, 2021 by Minna Reid