Forbearance, in the context of a mortgage process, is a special agreement between the lender and the borrower to delay a foreclosure. The literal meaning of forbearance is “holding back.” When mortgage borrowers are unable to meet their repayment terms, lenders may opt to foreclose. Read the above definition slowly and read it twice. Do you want the bank […]

Extending Help to Homeowners Impacted by COVID-19 If you are a homeowner experiencing financial hardship directly or indirectly related to Coronavirus (COVID-19) and your mortgage is owned by Freddie Mac, contact your loan servicer (the company listed on your mortgage statement) right away to discuss your options.Whether you’re facing job loss, reduced income, illness or other […]

Fla. Activates its Emergency Small Biz Loan Program The $50M program offers short-term, interest-free loans to small businesses that have suffered economic injury resulting from the COVID-19 pandemic. TALLAHASSEE, Fla. – On Monday, Florida Gov. Ron DeSantis activated the Florida Small Business Emergency Bridge Loan Program to support small businesses impacted by the current coronavirus pandemic. The […]