A forebearance agreement is when a mortgage or any other company signs an agreement stating that they will not foreclose on a home (or another issue) for nonpayment. It is an important agreement within real estate because of the fact that most people who can show hardship need the ability to gain the amount of money needed for payment. It helps ease some pressure and stress when you can get a
. forebearance agreement but you do have to read the contract carefully and understand all that it offers. For some information on forebearance agreements visit this website: http://agreements.realdealdocs.com/Forbearance-Agreement/
