Additional options to assist you in addressing the delinquency after the forbearance period may include: You may also be eligible for a forbearance if you are in an active Chapter 13 bankruptcy payment plan or if you previously received a discharge from personal liability and you have made voluntary mortgage payments following that discharge.Īt least thirty (30) days prior to the end of your forbearance period, we will contact you to discuss your current circumstances and all resolution options that are available to you. You may be eligible for a forbearance even if you are already delinquent on your payments. Foreclosure proceedings will not be initiated and existing foreclosure sales processes are suspended.No negative credit reporting during the forbearance period.During the forbearance period, you will also receive the following benefits: Under the terms of a forbearance plan, the obligation to pay your monthly mortgage payment is reduced or suspended until the forbearance period ends. If and when your income is restored, contact us and resume making payments as soon as you can so your future obligation is limited.You are still required to repay any missed or reduced payments in the future. Forbearance doesn’t mean your payments are forgiven or erased.A forbearance plan allows borrowers experiencing a temporary hardship to make a reduced mortgage payment or no mortgage payment for a limited period of time while you regain your financial footing.

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