Loan Forbearance is designed to give people time to gather their assets. During Loan Forbearance, the mortgage company allows you to delay or reduce payments for a short period of time. This delay does come with a commitment and understanding that another option will be used after the short period in order to bring your mortgage to a current status. This could delay and even terminate the legal action taken by your lender.

Some lenders may agree to combine your Forbearance with Reinstatement or a Repayment Plan. They will do this if you are able to bring your account current by a specific date. This plan is most common for people who recently experienced a sudden life change such as an expense increase or an income loss. Once NHR is on your side, we will present detailed hardship issues to your lender and work toward what is best for you.