Selling Poinciana One Property at a Time.: Central Florida Short Sales FAQ #2

Central Florida Short Sales FAQ #2

What is a hardship and why do I need one? 

Florida Real Estate Broker 407-873-2747

A Short Sale is one of several pre-foreclosure remedies. In order to request a Short Sale, from your Lender, you must have a hardship AND you have to be able to prove it. It has to be a legitimate hardship. 



1. conditions of life that are difficult to endure
2. something that causes suffering

A hardship is anything that makes it where you can not afford the payments on your house. A hardship is something drastic that has happened to your financial situation since you borrowed the money. You borrowed the money and you agreed to pay it back. Now you can't. Notice I said CAN'T....not WON'T. Can't is a hardship. Won't is a deadbeat. 

A hardship may be the result of: 

  • Divorce
  • Job loss
  • Reduced income
  • Illness
  • Disability
  • Medical bills
  • Job relocation
  • Military duty
  • Incarceration
  • Failed business 

One of the key documents related to a short sale is the Hardship Letter. Whatever your hardship may be you will need to write a hand written letter telling your lender about it.

We'll discuss the Hardship Letter next time. 

In the meantime, if you have a property that needs to be sold as a Short Sale just CLICK HERE. I'll send a Short Sale Listing Package right over.

FAQ #1 What is a Short Sale?






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 Tutas Towne Realty, Inc handles Florida real estate sales, Florida short sales, Florida strategic short sales, Florida pre-foreclosure sales, Florida foreclosures in Kissimmee Florida Short Sales, Davenport Florida Short Sales, Haines City Florida Short Sales, Poinciana Florida Short Sales, Solivita Florida Short Sales,  Orlando Florida Short Sales, Celebration Florida Short Sales, Windermere Florida Short Sales. Serving all of Polk, Osceola and Orange Counties Florida. Florida Short Sale Broker. Short Sale Florida.

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Comment balloon 14 commentsBryant Tutas • December 02 2008 04:40PM


Reserved Parking For "The Lovely Wife"...TLW...ROAR!


You cracked me up with the difference between 'cant' and 'wont'. Very Funny :)


Posted by "The Lovely Wife" (Broker Bryantnulls Wife) The One And Only TLW. (President-Tutas Towne Realty, Inc.) almost 11 years ago


Do you mean that the couple that called today to short sale their home and let their son buy it back for 1/2 of what they owe won't work??


Posted by Lenn Harley, Real Estate Broker - Virginia & Maryland (Lenn Harley,, MD & VA Homes and Real Estate) almost 11 years ago

Hi BB, This is a well-organized and well-worded answer for those people who think they can simply "decide" to do a short sale because they would like to move and can't get what they owe on their current loan.  They hear on TV that short sales are being offered to people, so they want one.  Ask them what their hardship circumstance is, and they say something like:  "I just told you.  We owe more than we can sell it for!"  When I try to explain what a hardship is, they figure I just don't want to help them.  I guess I should put together a little pamphlet about it.  For some reason, people are much more apt to believe it if they see it in writing.

Posted by Susan Neal, Fair Oaks CA & Sacramento Area Real Estate Broker (RE/MAX Gold, Fair Oaks) almost 11 years ago

Good points, Bryant. Many people think they can decide to do a short sale, without considering that they have other assets that COULD pay the mortgage payments where they are upside down.

Posted by Sharon Simms, St. Petersburg FL - CRS CIPS CLHMS RSPS (Coastal Properties Group International - Christie's International) almost 11 years ago


I'm sure there are some real hardships out there but I bet there are some that really could keep paying if they had to ...they just want out and make that bad loan go away...they really need to leave it to the ones who truly can't make it. They just want on the bandwagon.

Posted by Neal Bloom, Realtor CRS-Weston FL Real Estate (Brokered by eXp Realty LLC) almost 11 years ago

Hardships suck! I know. You're impressed by my highly intellectual comment. Sorry. That's all I got. Harships suck.

Posted by Lisa Hill, Daytona Beach Real Estate (Florida Property Experts) almost 11 years ago

And I would venture to say even many of your hardships would not result in hardship had there not been a lack of planning!

Posted by Susan Haughton, Susan & Mindy Team...Honesty. Integrity. Results. (Long and Foster REALTORS (703) 470-4545) almost 11 years ago

BB - a succint explanation of hardship, and deadbeat! LOL. Many folks seem to have no clue that they can just ask for a short sale becuase they want it. And some buyer's are not aware of the need for the hardship to be demonstrated in order for a short sale to be approeved, among other things.


Posted by Jeff Dowler, CRS, The Southern California Relocation Dude (Solutions Real Estate ) almost 11 years ago

That about sums it up - great post!

Posted by Tami Vroma, Realtor, Grand Rapids MI Real Estate (West Michigan Real Estate Specialist-Five Star Real Estate) almost 11 years ago

Hardships are no fun, but sometimes they are necessary. Everybody needs a little help sometime.


Posted by Betina Foreman, Realtor, C.N.E., with WJK REALTY (WJK Realty) almost 11 years ago

I just read a letter a client of mine had to write and it can be very emotional for them to have to beg for forgiveness when they have had good credit for a long time and in this case a divorce shattered her credit.

Posted by Terry & Bonnie Westbrook, Westbrook Realty - Grand Rapids Forest Hills MI Re (Westbrook Realty Broker-Owner) almost 11 years ago

"Can't is a hardship.  Won't is a deadbeat."  The post is worth it for those 2 simple but very powerful sentences.

Posted by Matt Moxhay, Moorestown Real Estate (Prudential Fox & Roach) almost 11 years ago

Bryant - To the point- well said.

Posted by Wendy Rulnick, "It's Wendy... It's Sold!" (Rulnick Realty, Inc.) almost 11 years ago

I guess the "won't" will become the foreclosure.

Posted by Gary L. Waters Broker Associate, Bucci Realty, Fifteen Years Experience in Brevard County (Bucci Realty, Inc.) almost 11 years ago

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