Hi, my name is Chris Bowers and I am the owner and team leader of the Bowers Team, one of Arizona’s leading short sale teams. I want to take a few minutes today to talk about hardships as far as a short sale is concerned. You will notice whenever you start looking online or call your bank and ask questions about short sales, you’ll start hearing the word hardship a lot. They will ask you what your hardship is, or what has changed since you signed this loan until now? They may ask what is making it to where you aren’t going to be able to pay us or why are you not paying us?
I want to go over what the most common hardships are. That’s usually a job loss. We have a lot of clients that we have helped that have literally lost their job and they are not bringing in an income anymore. Some other hardships include pay cuts, job transfers or just being relocated to another city or another state, divorce, death in the family, or medical expenses. There are a lot of different things when it comes to hardships, so what you are going to want to do is just call us and talk to us. You can tell us what your story is and what you are going through. We will be able to look at your situation and tell you what the hardship looks like and then we will be able to relay that to the bank and let them know what you are going through and why you are going to need help getting the short sale approved.
Again, I’m Chris Bowers with the Bowers Team, one of Arizona’s leading short sale teams and we are here to help. Please give us a call today and we can help answer all of your questions. Thanks a lot and have a great day.