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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Forebearance Agreement Posted by Ward-CA- on February 07, 2002 at 5:32 PM In Reply to: forebearance posted by todd-wa on February 06, 2002 at 3:41 PM : Hello Ward and all. A sale has been postponed a couple of weeks out and I found out that the person had a forebearance. : What's going on? Does that mean that if they don't pay by the new date it goes to sale? : Thanks =•=•=•=•=•=•=•=•=•=•= Todd, a Forebearance Agreement is a private document executed between the foreclosing lender and owner 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 forebearance agreement becomes null and void and the forclosure’s progress will resume. Follow Ups: Re: Forebearance Agreement Victoria Morgan 3:50 PM, 07/27/04 (0) Post a Followup: Name : E-Mail : Subject : Comments: : : Hello Ward and all. A sale has been postponed a couple of weeks out and I found out that the person had a forebearance. : : What's going on? Does that mean that if they don't pay by the new date it goes to sale? : : Thanks : =•=•=•=•=•=•=•=•=•=•= : Todd, a Forebearance Agreement is a private document executed between the foreclosing lender and owner 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 forebearance agreement becomes null and void and the forclosure’s progress will resume. 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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