Hardship Examples

Here is a list of example hardships that lenders may consider during the Mortgage Loan Modification process:

• Adjustable Rate Mortgage Reset- Payment Shock


• Illness


• Loss of Job


• Reduced Income


• Failed Business


• Job Relocation


• Death of Spouse or Co-Borrower


• Incarceration


• Divorce


• Marital Separation


• Military Duty


• Medical Bills


• Damage to Property (natural disaster or unnatural)