I'm wondering if anyone has had increased crime get approved as a reason for doing a short sale? I've had economic circumstances (job loss, pay cuts), divorce, death, illness, and relocation. But I've now got a circumstance where the homeowners purchased at the peak of the market (2005) and their home is now worth about $500K instead of $700K. They're doing great financially but the area around them has decined and crime has increased. Recently there was a drive-by shooting on their block. They don't feel safe anymore. Do you think this might qualify as a "hardship"??

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Thanks Erik, if the client wants to give it a try, I'm game... They can afford the home financially, but their peace of mind and sense of personal safety has definitely been compromised.



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