Tag: hardship

Tips To Keep You Sane During the Short Sale Process

It’s no news that the short sale process can be a long process. Many buyers at this time get tired of waiting and would threaten to cancel if they do not get answers within a specified time. This doesn’t help matters and doesn’t help make the process simpler or faster. Following is a standard short…




3 Common Problems Short Sale Sellers Face (And How To Avoid Them)

As foreclosures in the U.S keep on being commonplace all through these tough economic periods, several homeowners who are getting overwhelmed by their mortgage payments are looking at pursuing a short sale as an alternative to foreclosure. A short sale must be approved by the mortgage lender, and not just every short sale applicant will…




Foreclosure vs. Short Sale

There exists a lot of misunderstandings about foreclosures and short sales. Which should you use and why? Will your credit score be impacted just the same way by both of them? When you buy a house, you typically make a deposit and then set up a mortgage amortized over a number of years. The house…




Sample Hardship Letter for a Mortgage Loan Modification

Are you behind on your mortgage? If you do not think you’ll be able to get under the current terms of your mortgage, but you are willing and able to be make payments, you might want to consider applying for a loan modification from your lender. If so, you need to write and submit a…




Sample Of Hardship Letter For Short Sale

Many homeowners unfortunately find themselves in a unique situation of owning more on their home than what it is worth. In some cases, the homeowner can simply remain in the home until property values rise and the mortgage balance is reduced. However, in other situations, the homeowner must sell the property quickly for a loss,…




Steps To Getting a Divorce in Virginia

While the decision to file for divorce may not have been an easy one to make, you may now be ready to move forward with this plan. Filing for divorce can seem overwhelming and confusing, but by understanding more about the steps to getting a divorce in Virginia, you may be able to more easily…




Can I Short Sale An Investment Property?

Absolutely. Some people erroneously believe that short sales are only an option for personal primary residences. This is not the case. You can still do a short sale for investment properties as long as the house is worth less than you owe + closing costs and you have a documented hardship. Hardship for an investment…