Depending on your exact situation, your lender may be required to offer you a solution to repay your missed payments and avoid foreclosure with a mortgage forbearance agreement. These special repayment plans are called "special mortgage forbearance agreements" and we can request this type of payment plan from your lenders loss mitigation department or the mortgage forbearance agreement department.
A mortgage forbearance agreement will allow a client to reinstate their loan by creating a written repayment plan between a lender and the client. These agreements are available to client's who are a minimum of three payments behind on their loan. client's may even qualify for a special mortgage forbearance agreement that may allow them to postpone monthly mortgage payments for a minimum of four months. This will give a client immediate relief from their mortgage payments. Lenders are sometimes reluctant to make these mortgage forbearance agreements, however we will work with your lenders loss mitigation department to accomplish this.
To get started with a free and confidential consultation, please contact our office toll free or via email to speak with an attorney.
If you have already spoken with one of our attorneys, or would like to start your matter, then go to our Client Services & Forms page to sign and return the appropriate retainer agreement to our office. As soon as we receive your documents, we will contact you for additional information or documents as may be needed.
