What is a Hardship in a Short Sale

A hardship is a change in your life style that has created a new status for you. It is a reason that the bank will allow you to short sale your home. Examples are: divorce, lost of income, change of job, health, and injury. The list is long and the important thing to do is to make sure the bank is aware of your change. It can be done with an application from your banker. So my advise is to keep the communication open with your mortgage lender.