Hardship Impacting Home Sellers
If you are an area home owner facing a potential foreclosure and want to consider a short sale, then one of the things a lender will consider is whether or not a hardship exists.
If a home owner doesn’t have a hardship, the lender will most likely only agree to the short sale if they sign a promissory note for the short part. Just because a home owner wants a short sale does not mean the lender will agree. There is no guarantee of success with a short sale.