What Happens to Forbearance Programs in Case of Bankruptcy?

Call: 888-297-6203 Natural calamities such as hurricanes can destroy an entire town and its belongings. In such cases, many mortgage companies offer borrowers who have been affected by these tragedies participation in forbearance program. Under this program, elaborate Los Angeles based bankruptcy law firm lawyers, the mortgage payments are suspended for a stipulated time period. This can be a boon for people who have been facing financial issues. with the forbearance of mortgage payments, debtors are provided time to get back on their feet before recommencing their mortgage payments. In the case of natural disasters, forbearance programs [...]