What are the reasons that Kansas City homeowners are opting for Short Sales? Have they lost their jobs, gotten their hours cut.. or had an adjustable rate mortgage?

Question: What are the reasons that Kansas City homeowners are opting for Short Sales? Have they lost their jobs, gotten their hours cut.. or had an adjustable rate mortgage? 
Jamie F. from Kansas City


Answer: Great question Jamie. In order for a bank to accept a short sale, the homeowner will need to demonstrate a financial hardship. In my experience, I have seen many different reasons for homeowners to suffer a financial hardship. Some common reasons why homeowners suffer a financial hardship are medical illness, medical injury, loss of job, job transfer, deferred maintenance on the home, increased debt and so forth. There is no single reason why a Kansas City homeowner request their lender for a short sale.


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