Posted on: 29th Sep, 2009 05:53 am
What does a Foreclosure Forbearance mean?
This is temproary agreement in which the lender agrees to reduce or delay monthly payments to the loan
The perido for this can be any where between 6 months to year dependign on the lender
This is basically helping the borrower to avoid the foreclosure
The perido for this can be any where between 6 months to year dependign on the lender
This is basically helping the borrower to avoid the foreclosure