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Forbearance

2 Posts
1 Sections
1 Types

January 1, 1 6 min read Definitions

Forbearance Loan Default Mortgage Relief Borrower Protection Loan Modification Real Estate Finance Legal Remedies

A policy of restraint in taking legal action to remedy a default or breach of contract, generally in the hope that the default will be cured, given additional time.

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January 1, 1 7 min read Definitions

Grace Period Deadlines Default Forbearance Real Estate Rent Payments Mortgage Payments

A grace period is a set duration of time after a deadline during which a borrower or debtor can perform an obligation without facing any penalties or being considered in default.

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