Forbearance is a scary word for many people. More than 3.4 million Americans are in mortgage forbearance plans, which allows them to pause payments for a month or as long as a year. During a forbearance plan, interest is not paid, but still accrues in accordance with the terms of the note.Those in forbearance typically may have lower credit scores and possibly lower income, making you more susceptible to losing your homes when these programs are over. This temporary fix coud result in another wave of foreclosures. Many home owners could be asked to pay back all of those missed mortgage bills in one lump sum at the end of the forbearance period, a near impossible feat for many who can't afford their payments today and do not know when the economy will recover. At the end of the forbearance period, if you are unable to resume making payments or pay back the total amount paused including the interest, the lender should communicate with you and evaluate you for all available mitigation options. You do have options. If you are unable to pay back your past due loan amount, you are able to Sell your Home avoiding forclosure. The foreborn amount would become payable upon sale of your property. I am here to help you as forbearance is coming close to the end. Contact me at your convenience.