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MORTGAGE DEFAULT RESOLUTIONS Forbearance Seeking forbearance is probably the best way to stop foreclosure and save your home if you can get your lender to agree to it. With forbearance, you may be able to negotiate a temporary suspension or reduction in the amount of your mortgage payment. The lender, depending on your circumstances, may also possibly set aside any back payments that are in arrears. To get your lender to agree to forbearance, you need to be able to prove that whatever caused your financial difficulty is short term. An example might be someone who has experienced unexpected medical bills or lost their job, but has now found another one. |