Preparation for End of Forbearance Period

05/01/20

With regards to mortgages, many property owners have entered into forbearance agreements as a result of the pandemic. However, these property owners will eventually need to pay their mortgage company the accrued payments —more than likely within the next 3 to 6 months. We anticipate there to be issues relating to these new loan arrangements. Once the Governor’s moritorium on foreclosures ends, we anticipate these arrangements to pose complications, particuarly because lenders will seek to avoid future non-payment issues during the anticipated “second wave” of this pandemic. My office is ready to coordinate these negotiations and work with both parties to reach a mutually agreeable solution. We also stand ready to litigate if the need arisies.

Please feel free to contact us for a complementary initial consultation. We understand that many of you are going through a very difficult period of time in your lives and we stand ready to assist you in attaining peace of mind, as well as financial stability. Please stay safe and well. We look forward to continue working with you.