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 Forbearance Agreement
The Forbearance Agreement is the one my team and I usually set our focus on when someone has fallen behind on payments and wishes to stay in their home. Usually this will move the missed payments to the back of the loan and lower the payment to make it once again affordable but usually only if the payment has recently increased. If the payment has not recently increased then usually the missed payments or some part of them will be placed in the back of the loan but the payment usually will not decrease. This helps those who have missed work or had some other type of temporary setback.
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