What are the hardships that justify a real estate short sale?
In simple terms any legitimate situation or circumstance that directly limits your ability to repay your lender. Here are some examples of things that have been considered justification in prior cases. • Business Failure • Loss of employment or reduced wages • Health reasons that limit your ability to work • Medical bills as a result of health issues • Death of a spouse • Insolvency • ARM mortgage (Adjustable rate mortgage) that had a rate increase causing you not to be able meet your payment obligations. • Basically, the current economy without saying it in such a broad terms.
