What are my options concerning foreclosure threats by my lender while I have been in a forbearance plan?

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What are my options concerning foreclosure threats by my lender while I have been in a forbearance plan?

I am trying to keep my home. I am now making my regular home payment but continue to be behind in my payments for last year while in a forbearance plan provided by my lender for the last 9 months. I am requesting a plan from my lender to begin making the back payments, but up to this point I have had no positive response from my lender.

Asked on January 13, 2012 under Bankruptcy Law, Kentucky

Answers:

FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney

Answered 9 years ago | Contributor

If your lender and you have entered into a written agreement under a written forebearance agreement pertaining to a foreclosure, you are current on it, want to repay back payments owed but have yet to receive a positive reponse from your lender as to your inquiries, I would simply start making voluntary payments on your own for those months where you did not make the payments.

The sooner you start making payments, the sooner you will be able to whittle down what is owed since those missed payments are also accruing interest. In essence, since the lender cannot make a plan for you, you do it on your own.


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