Forbearance is temporary postponement of mortgage payments granted by the lender or creditor in lieu of forcing a property into foreclosure. The terms of a forbearance agreement are negotiated between the borrower and the lender.
As you know the pandemic has turned our economy upside down.But with massive chaos comes massive opportunity.One of the biggest waves of opportunity right now is the sky-rocketing "Forbearance Crisis".
"Forbearance" is when a homeowner can't make their mortgage payment, and they ask their lender for 90 days of no payments.
The problem is that at the end of those 90 days, the homeowner has to pay back all 90 days of those payments in one shot.
The problem is that at the end of those 90 days, the homeowner has to pay back all 90 days of those payments in one shot.
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