Foreclosure

questions & answers

Question: My husband may receive IOU's instead of paychecks in the next month or two. Do mortgage companies offer a temporary forebearance on our loan during the time he doesn't receive a paycheck? We are current on our home but will not be able to make payments if he does not receive a paycheck.

Answer:

In order to find out if your mortgage company would be able to offer you a temporary forebearance you would need to contact your mortgage company's loss mitigation department.  To find the oppropriate number you may want to review your statements or look the company up online.

QUESTIONS

  • My husband may receive IOU's instead of paychecks in the next month or two. Do mortgage companies offer a temporary forebearance on our loan during the time he doesn't receive a paycheck? We are current on our home but will not be able to make payments if he does not receive a paycheck.

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