Category: Personal Bankruptcy

Mortgage Forbearance Issues

Some mortgage companies are offering nine to twelve month forbearances because of COVID-19. This is fine, except, if the borrower does nothing after the forbearance period ends, the mortgage company has the right to accelerate the loan and foreclose. Alternative remedies, I have learned, to avoid foreclosure, include loan modifications, FHA insurance claims, tack-on loans [..]

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