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Forebearance
Are you struggling with debt? Do you wish you could start over? Do you sometimes find it challenging to just meet your basic needs like rent/mortgage or even groceries? Has it been difficult to get credit to buy a car or a house? Have you looked for a solution to your debt but still feel...
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ADDRESSING CLIENTS’ NEEDS DURING THE COVID-19 PANDEMIC October 8, 2020   What happened since October 1, 2020:   Connecticut Eviction Moratorium Extended through December 31, 2020:  Governor Lamont issued Executive Order 9E extending the Connecticut eviction moratorium for some tenants.   What Executive Order 9E does: Prohibits the service of a Notice to Quit or...
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Let’s do some “Mortgage Forbearance Math.” Mom and Dad have a mortgage. It’s currently $1,000.00 per month. Dad gets laid off, call or texts the Servicer, and asks for a Forbearance. In one phone call or text, he gets 6 months “off” from paying. Seven months later, Dad is finally back to work, and hasn’t...
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