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