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.