What hardship prevents you from making mortgage loan payments?

Before the bank will consider your San Diego short sale you’ll need to show that you’ve suffered a hardship. Thus, short sale hardship letters are a necessary component of a short sale request package.

Does your hardship qualify? Unless you clearly demonstrate a hardship, the bank will assume that you do have the ability to continue making payments, and your short sale request will be denied.

What constitutes a hardship?

A change in circumstance that affects your financial state. For instance:
• Death of a spouse/partner who contributed to the mortgage payments
• Illness that has prevented a person from working
• Layoff
• Divorce
• Change in loan payment due to an Adjustable Rate Mortgage (ARM)

Short sale hardship letters, which explain what has changed and why, are submitted along with financial information such as tax returns, pay stubs, bank statements, and a run-down of monthly expenses.

Have you suffered a qualifying hardship?

If you need help deciding whether your situation qualifies as a hardship for a short sale in San Diego, call 619-929-1413 or write td@tomdunlap.com.

Because we’ve helped hundreds of homeowners successfully sell their homes, we have become well acquainted with each bank’s preferences. We know what needs to be included in short sale hardship letters – and how to say it. We’d be pleased to share that information.


Please note that the information provided on this San Diego short sale page is generic, academic information used for general information purposes and may not be construed as or relied upon as a promise for a specific outcome.

This site provides information about real estate, law, income taxes and credit scores as relates to borrowers in distress, short sales and similar situations. The site is designed to help users safely cope with their own needs. Information is not the same as advice — the application of law or regulations to an individual’s specific circumstances. Although we go to great lengths to make sure our information is accurate and useful, we recommend you consult a lawyer, tax adviser or other specialist if you want professional assurance that our information, and your interpretation of it, is appropriate to your particular situation. The models in photographs accompanying the testimonials on this website are used for illustrative purposes and are not a personal endorsement.