I’m Seriously Ill — Will that Qualify me for a Short Sale?
Yes, many short sale lenders consider a serious illness a hardship. Receiving a diagnosis of a chronic illness, having a serious health event such as a heart attack, cancer, or a recent diagnosis of a disability that will affect your ability to earn future income, will generally qualify you for a short sale. Potential short sale sellers should provide a personal hardship letter describing the details of the illness and how it requires them to sell their home or how it impacts their ability to pay the mortgage.