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Forbearance Agreement with Release Provision Form

Forbearance Agreement with Release Provision Form

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let's go to forbearance first and i would like uh one of you two and you could decide who goes first i'd like one of the two of you to explain what a forbearance is about a year ago a lot of mortgage companies said you can go into forbearance and what does that mean and how do you get out of fort berns i can yeah i can talk about that so the forbearance is really just simply an arrangement where your mortgage servicer elects not to take negative action against you during a certain period of time so they're not you know let's most of these forbearances are six months right they're not going to report negatively to your credit if you're not making payments they're not going to take collection attempts they're not going to foreclose on you but one thing that it isn't is a forgiveness of those payments so i think a lot of times consumers hear forbearance and they may think that the payments are going away um or that th

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