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LA fire victims will still have to pay mortgage


Moon_Walker

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  On 1/17/2025 at 7:50 PM, Spartan said:

Both government-backed corporations are offering 12-month forbearance plans, meaning that struggling homeowners could either reduce or suspend their mortgage payments for up to a year without incurring late fees, foreclosure, or other types of legal proceedings.

In cases where a homeowner has failed to reach out to their lender, mortgage servicers are authorized to offer a forbearance plan for up to three months if they believe the home was affected by a disaster.

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What the hell is that class man if they believe in 

This is a clear picture that the person has lost a house in the fire so where does that believe in come from.

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  On 1/17/2025 at 7:50 PM, Spartan said:

Both government-backed corporations are offering 12-month forbearance plans, meaning that struggling homeowners could either reduce or suspend their mortgage payments for up to a year without incurring late fees, foreclosure, or other types of legal proceedings.

In cases where a homeowner has failed to reach out to their lender, mortgage servicers are authorized to offer a forbearance plan for up to three months if they believe the home was affected by a disaster.

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This forbearance is just a useless thing. Only helpful to stop foreclosures. 12 months defer chesaka 13th month lo aa 12 months payment plus 13th month payment kattali. It wont defer the loan term in any case anukunta. Used it during harvey 

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