Delayed mortgage payments coming due? These are your options

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More than 2 million coronavirus-related forbearance plans are now set to expire in September, according to mortgage data company Black Knight, setting up an important window for homeowners to check in with their lender and make a plan for what comes next

But six months into the pandemic, many people who agreed to put their payments on hold will now need to decide whether to extend their time in a forbearance program or negotiate a payment plan with their lender to pay the deferred amount back.More from Success How to help employees deal with guilt and fear after layoffs90% of employers say working remotely hasn't hurt productivity

The CARES Act gave struggling homeowners with government-backed loans six months to defer mortgage payments. Those people who remain in good standing with their lender are eligible for another six months, or up to a full year of deferred payments, if needed. The bill also does not allow fees, penalties or additional interest to be charged as a result of delayed payments.There are currently 3.

 

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Fact is, democratic or republican, nobody in office actually 'cares' about US citizens. That's a fact and it doesn't take much to see it or realize it.

Going 7 months without paying your mortgage or rent and you still struggle. That must mean the Democrats lock down of healthy people only working for NO ONE

If people were stupid enough to put their mortgage into forbearance that’s their fault. Now all those payments are due with interest.

Explain this!!!

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