View Full Version: Forbearance Agreement

Forbearance Agreement

suburbantim
2008-02-21 19:30

I have a potential deal where the homeowner went into foreclosure through (they claim) some misunderstanding about the payment being reiceved, etc, etc. Will Washington Mutual forego the legal fees and just reinstate the mortgage for back payments and interest if I get authorization from the homeowner and talk to their loss mitigator? Ideally, I'd like to get the mortgage reinstated and buy the project subject to the mortage.
There's a nice spread.


TheShortSalePro
2008-02-22 10:13

My crystal ball is cloudy today, and its been cloudy since the subprime chernobyl's impact on the mortgage loan servicing industry. Short of a definitive answer, you'll have to put in some time and find out for yourself.


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