While millions of people are taking advantage of historic low-interest rates and they're headed to the closing table as fast as they can; millions of others are going from forbearance to foreclosure before they even know what hit them. Desperate times DO call for desperate measures, but it's a good idea to understand the small print BEFORE you accept the help. It sounded pretty good, right? Who wouldn't like a 3-month break on the mortgage payments? Even people NOT in need of desperate measures took advantage of the opportunity to skip a few payments, that's for sure! Unfortunately, when things sound too good to be true they usually ARE too good to be true, and now almost 5 million people are about to get a serious reality check they never banked on.
Simply put, forbearance is an agreement between a lender and a mortgagee to skip payments; however, the forbearance landscape is not simple or straightforward and can be treacherous to...
If it all belongs to Him, why are we living as if it belongs to us? Are you being a good Asset Manager? How we perceive MONEY impacts every area of life! It's time to BREAK THE CHAINS...for the love of God!