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Forbearance is an agreement that allows a borrower to temporarily postpone or reduce mortgage payments due to financial hardship. If a borrower can make full monthly payments along with a partial past due amount, the lender may establish a forbearance agreement, typically lasting 1 to 12 months. Consistent payment may lead to eligibility for a loan modification. To set up a forbearance agreement, borrowers should contact their lender's loan solution counselor, providing financial information such as monthly payments and net income. The counselor will assess the account and provide details of the forbearance agreement during the call. A down payment may also be required.