Tag Archives for " forbearance "
July 1, 2021
- in Short Sales by Minna Reid
Failed forbearance leads to SPS short sale approval!
Forbearance isn’t always the answer!Many Connecticut homeowners signed up for the Covid 19 forbearances that were widely offered during the shutdowns. But free rides don’t last forever, and eventually it always comes time to pay the piper!As their Covid forbearance came to an end, this CT couple decided to review their options. After several workouts […]
Continue reading
January 11, 2021
- in Foreclosure by Minna Reid
- |
- 2 comments
When do forbearances end and foreclosures resume?
When do the CARES Act protections end?The CARES Act (Coronavirus Aid, Relief, and Economic Security Act) was enacted in March 2020 and contains provisions to help borrowers with federally backed mortgage loans get through pandemic related financial challenges. But 9 months and many extensions later, the various federal agencies are taking a piecemeal approach to […]
Continue reading