LOAN FORBEARANCE

Some debtors are eligible for Forbearance, which will give them time to gather their assets. In Forbearance, you are allowed to delay or reduce payments for a short period of time, with the understanding that another option will be used at a specified time to bring your account to a current status. IF you reach an agreement with your lender, they will temporarily cease legal actions.

Lenders may agree to combine your Forbearance with Reinstatement or a Repayment Plan if you can demonstrate how you are going to provide the needed funds to bring your account current by a specific date. This plan works for people who have just experienced a sudden living expense increase or income loss. We will explain to your lender the reasons for your hardship and negotiate a payment plan that will give you time to recover financially. 

Contact a Miami Foreclosure Defense Lawyer at Dominguez & Associates, P.A.