Thursday 17 September 2020

1M struggling homeowners didn’t request forbearance. Now what?

One million homeowners are at risk of losing their homes because they haven’t taken advantage of an option that protects them from foreclosure or eviction. Homeowners with federally guaranteed mortgages can temporarily hold off on their monthly payments for up to a year without penalty, as long as they make those payments up later. In order to do so, borrowers must call their mortgage company to ask for forbearance. However, many homeowners have simply missed



source https://therealdeal.com/2020/09/17/1m-struggling-homeowners-didnt-request-forbearance-now-what/

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