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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Forebearance Agreement Posted by Victoria Morgan on July 27, 2004 at 3:50 PM In Reply to: Re: Forebearance Agreement posted by Ward-CA- on February 07, 2002 at 5:32 PM : : Hello Ward and all. Vicky I assumed a 15 yr FHA mortage in Phoenix, AZ. I almost lost my home until I got into a HUD/Forbearance agreement and racked up $20K in suspended or lessened payments. The 15 yr mortage is over in 5 yrs. How or do I sitl have to pay off the $20K? in default. So there’s no telling what it really recites, but it’s usually an agreement that the lender will temporarily suspend forward progress on their foreclosure for a temporary time period, giving the owner some extra time to either refinance or resell the property. : If the owner can’t cure the foreclosure by the agreed date the Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : : Hello Ward and all. : Vicky I assumed a 15 yr FHA mortage in Phoenix, AZ. I almost lost my home until I got into a HUD/Forbearance agreement and racked up $20K in suspended or lessened payments. The 15 yr mortage is over in 5 yrs. How or do I sitl have to pay off the $20K? : in default. So there’s no telling what it really recites, but it’s usually an agreement that the lender will temporarily suspend forward progress on their foreclosure for a temporary time period, giving the owner some extra time to either refinance or resell the property. : : If the owner can’t cure the foreclosure by the agreed date the Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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