Mortgage forbearance is a temporary relief of your mortgage payments by pausing your payments for a specific period or pausing certain portions of your payments.\u00a0<\/p>
In the case of the CARES Act, the period is 180 days and could be extended by more than 180 days.<\/p><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/section>In normal situations, mortgage forbearance for borrowers could be in case of some natural disasters like hurricanes and tornados.\u00a0<\/p>
Normally it is a certain segment of the country that is affected by such disasters that might get temporary authorization to go into mortgage forbearance.<\/p><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/section>Here we have the entire country authorized for mortgage forbearance due to the hardship.<\/p><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/section>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t