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What Constitutes A Hardship?

Monday, January 23, 2012   /   by Lynn Horner Baker

What Constitutes A Hardship?

What Constitutes A Hardship On A Cobb County & Marietta Short Sale?

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Cobb County & Marietta – Many people think a hardship is mainly based on financial matters and that is not necessarily the case.

Anything that makes it difficult for you to keep on making a mortgage payment might qualify to be a hardship.

Click here to discover how other sellers successfully did a short sale and avoided foreclosure.

One thing that the bank doesn’t want to see is a homeowner who seems to be looking for a way out simply because the home is not worth the amount the owner paid for it.

Being upside-down is one of the qualifications for a short sale but a bank may not grant a short sale solely on that basis.

If your life looks unchanged since you took the loan, the bank might say you can afford to stay in your home at your present payment level. If your situation has changed, here are some examples that may qualify for a hardship:

1. Unemployment.

2. Reduced income. Furloughs, a new job, a partner's loss of a job, or a pay cut are examples.

3. Illness or medical emergency.

4. A Job transfer. (voluntary or involuntary)

5. Divorce, separation or marital difficulties.

6. Exotic mortgage terms (an adjustable-rate loan that adjusts and you cannot afford the new payment.)

7. Military service.

8. Death in the family.

9. Incarceration.

10. Increased expenses and excessive debt.

11. Unexpected repairs or home maintenance.

I can help you put together a good hardship letter that will help you qualify for a short sale. Thinking about a short sale?

I can help you short sale your property and get back on your feet. Send me an e-mail at Lynn@HornerBakerPartners.com. I will contact you for a free consultation.

When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at 770 579-4060

Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.

Thinking about a loan modification? Our Cobb County & Marietta loan modification kit has the instructions you will need to get a loan modification approved with your bank. Click here to request a copy.

Thanks for reading this, lynn Horner Baker.

lynn is a Real Estate Agent at Horner Baker Partners. Cobb County & Marietta Short Sales Realtor:

Phone: 770 579-4060. Lynn@HornerBakerPartners.com.

100% Released From Your Mortgage or We Will Pay You $1000.00!

View My homes for sale at www.AtlantaLoanModSecrets.com.

Lynn Horner Baker specializes in loan modification assistance and short sales in Marietta Georgia. Marietta Loan Modification Help, Marietta Short Sales. Marietta Short Sale Realtor. Cobb County Loan Modification Help, Cobb County Short Sales. Cobb County Short Sale Realtor Cobb County & Marietta Short Sales. Cobb County & Marietta Realtor.



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