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Manage Forbearance Agreement Template

Manage Forbearance Agreement Template

Aug 6th, 2022

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How to Manage Forbearance Agreement Template

4.8 out of 5

6 votes

Roxanne Webster, co-owner at Keller Williams, discusses forbearance plans with clients, focusing on one from Freedom Mortgage. She notes a concerning aspect: the plan states it is a temporary suspension of payments and that clients will need to engage with the lender as the plan concludes to find a solution. Importantly, it does not clarify whether clients must repay the suspended amount as a lump sum or in installments, which raises uncertainty. Roxanne emphasizes the need for clearer communication regarding repayment obligations at the end of the forbearance period. Links for further review will be available in the video and email.

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