LOAN FORBEARANCE

A forbearance mortgage is when your lender agrees to let you delay your monthly mortgage payments for a short period of time. A forbearance mortgage is often combined with other programs that bring your monthly mortgage payments current after a negotiated period of time.

You sign a forbearance agreement that states the lender will require you to pay the amount you owe at a later date. This is a much better option than going into mortgage foreclosure. At the Law Offices of George Gavalas, our mortgage counselors are highly trained to assess whether loan forbearance is right for you and the best choice for recovery.  Contact us today at 866 998-7878 to ensure you make the right decision in foreclosure assistance programs