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Options After Mortgage Forbearance Ends

by | Mar 23, 2022 | Bankruptcy, Bankruptcy, Debt, Debt, Housing, Mortgage

By: Dean A. Langdon

Thousands of households had the opportunity to get a break on their mortgage payments during the Covid-19 pandemic. Foreclosures on many residential mortgages were prohibited, which certainly helped avoid a homelessness crisis during the pandemic. However, the forbearance period ended on December 31, 2021 and mortgage lenders have resumed foreclosures. If your mortgage loan is federally insured or guaranteed (FHA, VA, USDA, FNMA, etc.) there may be several options available to modify your mortgage instead of having to come up with all the missed payments at once. The National Consumer Law Center (NCLC) has put together a summary of the available alternatives, with multiple links to additional resources. We have provided it in this article as a service to our readers. If you need assistance defending a foreclosure, don’t hesitate to contact us to discuss options.

About DelCotto Law Group

DelCotto Law Group is Kentucky’s asset preservation and business restructuring law firm known for its commitment to the lifetime success of its clients. With offices located in Lexington, Louisville and Danville, DLG serves Kentuckians with complicated financial matters, especially in the areas of bankruptcy and complex litigation. For more information please call (859) 231-5800, email [email protected] or reach us on our contact page.