What Is Forbearance?

Nearly all banks offer a forbearance agreement which enables you to stop making mortgage payments for six months, allowing you to use that money toward other necessities. But some banks are not playing by the rules.

Hi, I’m Todd Cushner with the Law Office of Cushner & Associates in White Plains. There is a program that your mortgage company offers which you may not be aware of. It is a forbearance agreement. A forbearance agreement allows you to stop making mortgage payments for a period of 6 months, so you can catch up on your other bills. Then, at the end they take the money you haven’t spent and put it on to the tail of your mortgage. That’s the forbearance agreement you want. However, a lot of banks are doing a different type of forbearance agreement where they let you off for 6 months of payment, but at the end of the 6 months you owe the entire balance. You don’t want that. That’s not good. If you need help getting a forbearance agreement, I urge you to call my office, the Law Office of Cushner & Associates at (914)600-5502 for a free consultation and assistance in helping you stop paying your mortgage for a period of 6 months.

Get the Forbearance Agreement You Deserve

At Todd Cushner & Associates, our bankruptcy lawyers can work with you to help ensure you can take full advantage of your forbearance agreement. Contact us today to schedule a free consultation.

 
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