An Introduction to Real Estate Short Sale Hardship Requirements

Onces again Sternberg brings a no nonsense approach to this real estate subject. Another “must read” by this thirty year veteran.

As I discussed in a companion article (”An Objective Look at Real Estate Short Sales“) a short sale is the sale of a house in which the proceeds fall short of what the owner still owes on the mortgage.

In this article, I’d like to make you familiar with the hardship tests required to qualify a home owner for a short sale. This knowledge will help you understand the market better as an investor and enable you to zero in on the best deals.

Share This