Agreement between a lender and a borrower to delay foreclosure
For the song by Gang of Youths, see Forbearance (song).
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Forbearance, in the context of a mortgage process, is a special agreement between the lender and the borrower to delay a foreclosure. The literal meaning of forbearance is "holding back".[1] This is also referred to as mortgage moratorium.
^"What is mortgage forbearance?". Consumer Financial Protection Bureau. Retrieved 2021-05-10.
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