Sanchez Law Group

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FORBEARANCE AGREEMENT

 

 

If you have the ability to make more than a regular payment, you may qualify for this option.  Your monthly payment will be the amount you are currently paying plus a portion of all past due payments until your loan is brought current. Our firm works diligently to read all terms and provisions and ensures that the required payments are not so egregious that you will inevitably default of your payments.

 

A Forbearance Agreement provides the client with an opportunity to "settle his or her case". Once a loan is accelerated, the lender has the option of pursuing a Forbearance Agreement which allows borrowers with a reasonable opportunity to cure arrearages and remain current on future payments. A Forbearance Agreements encompass all of the issues related to a case and can resolve any outstanding defenses that would otherwise prevent or delay a lender from accelerating a loan. Forbearance Agreement provides the client with an incentive to reinstate the loan, pursuant to the agreed terms, while streamlining the foreclosure process in those cases where the borrower does not adhere to the terms.

 

 

 

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Downtown Orlando (main office)
605 E Robinson Street, Suite 650
Orlando, FL 32801
Phone: (407)236-0502
Fax: (407)236-0444

Downtown Kissimmee (satellite office)
111 E Monument Avenue, Suite 319
Kissimmee, FL 34741
Phone: (407)236-0502
Fax: (407)236-0444

Sanchez Law Group | Copyright 2010 | All Rights Reserved | Website By: CDP Orlando

 

 

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