Borrower Assistance

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August 31, 2024 4 min read Definitions
Forbearance: A Crucial Financial Tool in Times of Need
Finance Banking Financial Tools Loan Management Borrower Assistance Debt Relief Foreclosure Alternatives
Forbearance refers to the leniency or temporary postponement given by a lender to a borrower facing difficulties in meeting their repayment obligations. Instead of proceeding with foreclosure, the lender may choose to renegotiate the loan terms.
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