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Terrylynn Fisher
Sherry Hutchens
Dudum Real Estate's
Short Sale Team





HAFA Certified

Certified Distressed Property Experts

Forebearance or Repayment Plan

A forbearance or repayment plan involves the homeowner negotiating with the bank to allow them to repay past due payments over a period of time. The bank will ask the homeowner to provide a financial statement to prove they have the income or other resources to make the payments. In other words, the homeowner has to “qualify” for the repayment plan. The homeowner must make their regular monthly mortgage payment in addition to the repayment plan.

We are foreclosure avoidance experts who work with distressed sellers every day. We are knowledgeable, experienced and most important, compassionate, and we can help you through this difficult time. Contact us today for more information about this and other ways to save your home. If you are frustrated with the lender process, don’t know where you are in the system or just have questions. We can coach you and/or help you get answers. Don’t wait – you have many more options when you start the process early.