Qualifying Reasons for Hardship (Short Sale or Loan Modification)

-Failed business

-Unemployment or Job cut

-Reduction in salary/curtailment of income

-Excessive use of credit

-Relocation of job

-Military duties

-Illness of borrower or someone in family

-Medical bills

-Death in family

-Payment adjustments or ARM due to increase to an unaffordable amount

-Divorce

-Marital difficulties

-Loss of renters/tenants