Separation or DivorceMedical BillsInability to work due to health reasonsDeath of SpouseJob RelocationReduced Income or UnemploymentBusiness Failure
Thursday, July 23, 2009
What is a Hardship?
A hardship is a situation that has a life changing effect for the borrower that results in an in-ability to pay the mortgage debt in either, short or long term. Some examples are:
Separation or Divorce
Medical Bills
Inability to work due to health reasons
Death of Spouse
Job Relocation
Reduced Income or Unemployment
Business Failure
Separation or DivorceMedical BillsInability to work due to health reasonsDeath of SpouseJob RelocationReduced Income or UnemploymentBusiness Failure
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