What is Mortgage Forbearance
Are you struggling to make your mortgage payments due to financial hardship caused by the COVID-19 pandemic or other circumstances? If so, you may be wondering what options are available to you. One option to consider is mortgage forbearance.
Mortgage forbearance is a temporary solution that allows homeowners to temporarily stop or reduce their mortgage payments. This option is typically offered to homeowners who are experiencing a temporary financial hardship, such as a loss of income or unexpected expenses. It is important to note that mortgage forbearance is not a long-term solution, and homeowners will need to eventually catch up on their missed payments. However, it can provide much-needed relief in the short term.
If you are considering mortgage forbearance, it is important to speak with a qualified legal professional to understand the potential consequences and to ensure that you are making the best decision for your individual situation. The attorneys at Doucet Co., LPA have experience helping homeowners navigate the mortgage forbearance process and can provide you with the guidance and support you need. Don't hesitate, call us at (888)200-9824 today to schedule a consultation.