Special Forbearance Property Appraisals and Home Appraisers Information
McLean & Associates, Inc
appraisal and real estate consulting
Toll Free: 866-775-3395 Palm Beach: 561-674-0498 Cell Line: 954-415-1630 Fax Line: 561-892-0913
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www.FastFloridaAppraisals.com - Michael W. Bode - McLean & Associates, Inc.
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will, over a certain time period, bring the borrower current on his or her will,
over a certain time period, bring the borrower current on his or her payments.
A forbearance agreement is not a long-term solution for delinquent
borrowers; it is designed for borrowers who have temporary financial
problems caused by unforeseen problems such as temporary unemployment
or health problems.unemployment or health problems.
Borrowers with more fundamental financial problems - such as having chosen an adjustable rate
mortgage on which the interest rate has reset to a level that makes the monthly payments unaffordable -
must usually seek remedies other than a forbearance agreement.
You may qualify for this if you have recently experienced a reduction in income or an increase in living
requirements of the new payment plan. requirements of the new payment plan.