A forbearance is an agreement by the lender to allow the homeowner to make payments, usually high payments and the interest rate on your loan is increased in exchange for pausing your current foreclosure case. In addition, your loan is capitalized. This means all the past due late fees, interest, and attorneys' fees and costs are added to the principal balance of the loan forcing your monthly interest payments to go up. In addition, most forbearance agreements include terms that do not allow for any missed payments. If a late payment or miss a payment, the forbearance agreement allows the lender to foreclose on your home and takes away any legal rights you had.
What Are My Other Options?
Click here to learn about the other options you may have.
Your Next Steps
1) Call 877-595-3529 to schedule a free consultation with a foreclosure litigation attorney.
2) Get sound legal advice and find out what legal options are available to you.
3) Let us take action in your court case.
4) Smile with Kyle.
Kyle & Kyle Law has over 20 years of experience and has helped thousands of homeowners like you. This is probably the first time you have faced foreclosure. Well, it is not our first time. We have helped thousands of homeowners just like you. We care about your time and your future. Our goal is to help you understand what options are available to you, help you make a decision on what to do next, handle your court case, and allow you to take control of your future and Smile with Kyle.