Hardship Forbearance Reasons?

Answer If you get behind on your credit card or other loan payments, the lender will start the collection process. This could include obtaining a judgment against you and severely damaging your credit sco... Read More »

Top Q&A For: Hardship Forbearance Reasons

Reasons for Financial Hardship?

If you are undergoing financial hardship during this recession, you've got a lot of company. According to statistics compiled by the U.S. Courts, over 1.4 million people filed for bankruptcy in 200... Read More »

Short Sale Hardship Reasons?

Short sales occur when a seller attempts to sell his home for less that what he owes on the mortgage. Short sales can save the seller from losing money on the sale of the home because some lenders ... Read More »

What is a mortgage forbearance?

Mortgage forbearance is a situation where you and your lender agreement to some terms designed to help you avoid foreclosure. To qualify for forbearance, you must be facing some type of short-term ... Read More »

What is a forbearance mortgage?

A forbearance mortgage--or, as many institutions call it, a mortgage forbearance--is an agreement in which your lender agrees to let you postpone mortgage payments. It's an alternative to foreclosu... Read More »