Acceptable Hardships

A hardship condition is an unexpected financial crisis. This hardship is the reason behind most delinquent mortgage payments. HUD recognizes the following as valid reasons and hardships to be acceptable for default. Please review the list, if you are behind on your payments or feel you may be soon in falling behind, please call me! There may be other options besides foreclosure. I know it is hard for you, and I want to help! Please beware of companies or people that promise to make payments on your behalf, or those that may ask you to sign a paperwork without allowing you proper time to review - because you may be signing your home away.
Here is a quick list of 23 hardships:
Death of Principal Borrower
Death of Principal Borrower’s Family Member
Serious Illness of Principal Borrower
Serious Illness of Principal Borrower’s Family Member
Marital Problems (Divorce, Separation)
Unemployment
Lessened Income
Property Abandonment
Excessive Obligations
Long Distance Employment Transfer
Military Service
Unable to sell property
Unable to rent property
Loss due to Accident, Fire or Natural Causes
Fraud
Servicing Problems
Payment Adjustments (ARM)
Incarceration
Payment Dispute
Imposed Costs (Energy/Environment)"
Incurable Property Problems
Ownership Transfer Pending
Principal Borrower has business failure