Mortgage Forbearance: Foreclosure Prevention Option
Tuesday, August 24th, 2010Mortgage forbearance is a foreclosure prevention option available to borrowers requiring short term financial assistance. Mortgage lenders sometimes enter into forbearance agreements when borrowers experience unexpected emergencies, such as loss of employment or health problems, which prevent them from making mortgage payments in full.
In order to obtain a mortgage forbearance, debtors must submit financial records [...]
