February 12, 2019

Will you qualify for a short sale?

approval stamp

​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:
  • Unemployment​
  • Employment or military ​relocation
  • Divorce ​
  • 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

Minna Reid

Minna Reid is a Broker Associate at Killebrew & Company Realty Inc, serving Jacksonville, Florida.

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