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We're in the middle of the biggest housing and credit crisis since The Great Depression. Foreclosure rates are going through the roof, and home values are dropping precipitously.
I know finance, the economy and the mortgage market very well, and I firmly believe we haven't found the bottom in this market, and there is considerably more bad news to come out from the banks and other lending institutions.
Forbearance is a formal procedure creditors use to temporarily halt a borrowers monthly payments and put them on a structured plan on which they can bring their account current. It is commonly used by banks in the case of delinquent mortgage loans to prevent foreclosure, and also in the case of delinquent student loans to prevent default.
I need your help in appraising Forbearance.info.
An increasingly common mispelling is Forebearance, which I also have in .info and .org.
Thanks for your help.
-Greg
I know finance, the economy and the mortgage market very well, and I firmly believe we haven't found the bottom in this market, and there is considerably more bad news to come out from the banks and other lending institutions.
Forbearance is a formal procedure creditors use to temporarily halt a borrowers monthly payments and put them on a structured plan on which they can bring their account current. It is commonly used by banks in the case of delinquent mortgage loans to prevent foreclosure, and also in the case of delinquent student loans to prevent default.
I need your help in appraising Forbearance.info.
An increasingly common mispelling is Forebearance, which I also have in .info and .org.
Thanks for your help.
-Greg









