List of Possible Hardships for a shortsale. The more combined hardships the better chance of a Shortsale being accepted. A Hardship is the underlying condition that has caused the inability to pay the mortgage.
Death of principal mortgagor
Death of mortgagor's family member
Illness of principal mortgagor
Illness of mortgagor's family member
Curtailment of income
Inability to sell property
Property problem (roof leaks, construction litigation, etc.)
Inability to rent property
Casualty loss (such as a Hurricane, etc.)
Payment adjustment (ARM Adjusting)
Transfer of ownership pending
Abandonment of property (due to condition of property, for instance)
It is Usually not just one single event that has put a Loan into foreclosure. Often times it is several combined hardships. Always list all of the underlying causes for your inabliity to continue making your payments.