What are the steps for pursuing legal remedies for a mortgage dispute?
What is Mortgage Forbearance
Are you struggling to make your mortgage payments due to
financial hardship caused by the COVID-19 pandemic or other circumstances? If
so, you may be wondering what options are available to you. One option to
consider is mortgage forbearance.
Mortgage forbearance is a temporary solution that allows
homeowners to temporarily stop or reduce their mortgage payments. This option
is typically offered to homeowners who are experiencing a temporary financial
hardship, such as a loss of income or unexpected expenses. It is important to
note that mortgage forbearance is not a long-term solution, and homeowners will
need to eventually catch up on their missed payments. However, it can provide
much-needed relief in the short term.