foreclosure assistance
Foreclosure Resources
Sell Your Home Quickly

Foreclosure Education
The Foreclosure Process
Buy Foreclosure Properties
Foreclosure Glossary of Terms
Foreclosure Options
Foreclosure Types
Foreclosure Laws by State
Foreclosure Timelines
Forbearance Mortgage
Short Sales

Foreclosure Tips
Finding Foreclosure Help
Ways to Stop Foreclosure
Foreclosure Scam

Prevent Foreclosure - We Buy Homes
City State
Asking Price Months Behind

Forbearance Mortgage

People facing foreclosure who need more time to sell their home or more time to make up payments to prevent foreclosure can look to a forbearance agreement also referred to as a forbearance mortgage.

A forbearance mortgage is when the mortgage lender or bank reduces or suspends mortgage payments for a period of time; typically 6-12 months. After the period agreed upon ends, the borrower must start paying the monthly mortgage payment in addition to an additional amount that will eventually cover the payments that were not made during the forbearance period.

Again, as a borrower, you will be responsible for the money you did not pay during the forbearance mortgage period. Some consumers don't understand that so even though they reach an agreement with their mortgage lender to go a few months without making payments, they forget that they still owe the money that was not bad.
States Served: Alaska, Alabama, Arizona, Arkansas, Prevent Foreclosure in California, Colorado, Connecticut, Delaware, Washington DC, Florida, Georgia, Hawaii, Idaho, Illinois, Prevent Foreclosure Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Prevent Foreclosure Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming.

Foreclosure Resources - Insurance Resources - Mortgage Resources (2) - Real Estate Resources