Amid the housing market turbulence, forbearance programs are unraveling homeownership dreams as borrowers find themselves trapped in a vicious cycle of debt. With equity eroded and surprise liens looming, the reality of deferred payments is dawning harshly on many.
2) What this gentlemen describes is the status quo- "I don't have to pay it right now, sounds good" and then they sign. The lien has to be paid off when you sell or payoff the loan
Going to be quite a nasty surprise for many
Free lunches aren't as prevalent as folks think
— Melody Wright (@m3_melody) May 1, 2024
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