From Forbearance to Foreclosure? A Real Home and Business Owner Podcast
It seems like right after we learned the word “pandemic,” we heard the word, “forbearance.” ¬†It means not having to make your mortgage payment for some period of time. ¬†But, forbearance is not forgiveness. ¬†At some point the money has to be paid back. ¬†The question for millions of Americans today is: How?
It’s become clear that no one knows the answer to that question… exactly. ¬†If your loan is owned by Fannie Mae or Freddie Mac, it appears that the amounts can be added to the back of your loan. ¬†But, if your loan isn’t Fannie or Freddie… we just don’t know the answer yet… but we will soon.
Below is the link to my latest podcast. ¬†It features an interview with a REAL HOME and BUSINESS OWNER from the Bay Area. ¬†He’s had a successful business for 28 years… until Covid-19 hot us like so many tons of bricks… and his mortgage servicer offered him a forbearance.
Click PLAY below to hear what he and his wife are going through…