Home Foreclosure Prevention Forbearance Agreements

San Fernando Valley Forbearance Agreements

BEWARE of forbearance agreements! We mention this "option" for avoiding foreclosure first, because the lender will often present it as an alternative to stop foreclosure sale.

In fact if you have real financial problems, a forbearance agreement is little more than a way to postpone foreclosure. It is often promoted as a chance to catch up on your payments — but with stricter terms.

The lender often requires a huge lump sum (which you may not have) before they will agree to stop mortgage foreclosure. Then if you miss any subsequent payments, the terms of the agreement usually permit more immediate action, making it harder for you to stop foreclosure. In California, this is just a way to squeeze more money out of a homeowner, under the guise of a workout plan. Very rarely is it a viable option for the borrower.

Additional Information

I cannot speak highly enough of the honesty with which this law firm conducts business. Before hiring anyone else, call them and ask to speak to one of the attorneys.

- Annej N. on

A true gentleman, an honest lawyer, and a straight business man. Yes, as good as it gets. I wish there were more lawyers like him, life would be easier.

- Bigvik B. on

They walked me through the legal process so there weren't surprises along the way. The reason that led me to them was unfortunate but I am so grateful to them for helping.

- Glory G. on