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Community: Investing Wiki

Term Of The Hour

forbearance problem information: Original post by Lisa Bigelow of Demand Media When a homeowner becomes delinquent on his mortgage, he may arrange to repay the past due amount through a forbearance agreement. The lender agrees to put off, reduce or eliminate the past due amount in the forbearance agreement during a temporary period of time, during which interest accrues. In addition, the lender agrees not to foreclose on the home…

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