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www briankortepl com 866 322 2164 Some mortgage lenders willtry to entice borrowers with a forbearance agreement that is unrealistic This type of arrangement calls for the borrower to catch up the back payments fees and interest over a very short... more
www briankortepl com 866 322 2164 Some mortgage lenders willtry to entice borrowers with a forbearance agreement that is unrealistic This type of arrangement calls for the borrower to catch up the back payments fees and interest over a very short period of time usually three to twelve months The result is a much higher monthly mortgage payment and is not viable over the long term Additionally some lenders usually ask for a large lump sum up front to initiate a forbearance agreement A forbearance agreement with the mortgage lenders loss mitigation department usually does not take the borrower out of foreclosure at all but rather simply causes the bank to postpone or continue t less
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