What criteria demonstrates that I am in a “hardship” situation?

House Owner

A hardship situation is one that results from an extenuating circumstance that places you in the position where you can no longer afford your mortgage payments. Examples include:
•  Unemployment or the loss of a primary income source
•  Inability to work due to a health issue
•  Business failure
•  Bankruptcy
•  Death of your spouse or significant other
•  Moving and cannot keep up payments on two properties