Don’t Confuse Mortgage Forbearance With Forgiveness
Be sure to understand the implication of mortgage forbearance
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I have heard disturbing reports that some mortgage borrowers who are able to make their monthly payments have opted to take advantage of the forbearance option offered by lenders — evidently because they view forbearance as a benefit. It is a benefit for borrowers who can’t make the payment and, if not for forbearance,…