Homeowners may experience financial difficulties that affect their ability to make mortgage payments. The COVID-19 pandemic has led to hardship for many homeowners, and government programs have been implemented to provide homeowners with relief. In some cases, a homeowner may qualify for forbearance, which will allow them to temporarily pause or reduce mortgage payments. Homeowners who have received forbearances will need to understand how this will affect their ability to sell their home. Addressing Forbearances During a Real Estate Transaction A homeowner can request a forbearance if they experience financial hardship, and a mortgage lender may agree to defer… Continue Reading How Can a Forbearance Agreement Affect the Sale of a Home?