This complimentary information resource guide provides a rundown of some popular options for borrowers whose forbearance period is coming to an end. Plus, a list of current relief programs available to you, with additional resources and links.
This information is presented to you simply as resource, with no obligation, just a good starting point where to seek help. Please use the contact form below to get the guide today!

If you are requesting the complimentary guide, it will be mailed via USPS, the next business day. Thank you!
YOUR COLORADO SHORT SALES & FORECLOSURE RESOURCE (SFR®)

Natalia Blackie
Broker Associate, REALTOR®
Short Sales & Foreclosure Resource Certified (SFR®)
RE/MAX Alliance
9737 Wadsworth Parkway
Westminster, CO 80021
Direct: 720-507-4784
E-mail: nblackie@remax.net
FAQs
WHAT IS MORTGAGE FORBEARANCE?
Forbearance is when your mortgage servicer or lender allows you to temporarily reduce your mortgage payments or pause paying your mortgage for a limited time. Forbearance is not automatic. You must request it from your mortgage servicer. Forbearance does not erase what you owe. You will have to repay any missed payments or reduced payments in the future.
MORTAGE FORBEARANCE CARES ACT
The CARES Act provides mortgage forbearance to any homeowner with a federally-backed mortgage. During the pandemic, your lender cannot deny your forbearance request, nor can it demand proof of financial hardship.
The CARES Act initially set forbearance protection to expire on Dec. 31, 2020. However, the program has since been extended to March 31, 2021 June 30th, 2021. Keep in mind that June 30 is the deadline to request forbearance. The date your forbearance period ends is 360 days from the day it begins.
WHAT HAPPENS AFTER FORBEARANCE ENDS?
A forbearance plan doesn’t erase the amount you owe on a mortgage. At the end of the forbearance plan, you must repay missed amounts, but not necessarily all at once. You will not be charged late fees during your forbearance plan as long as you are performing according to the terms of the plan.
CAN I SELL MY HOUSE DURING FORBEARANCE?
Yes, your bank may allow you to sell the house while it’s in forbearance. If it’s clear that you will not be able to make your mortgage payments, and a loan modification isn’t a good option, then, if it’s clear that you’re attempting to profitably sell your property the bank can even help you by extending the forbearance plan.
To avoid selling your home as a last resort, please contact me to discuss what are all your available options during this time. The information is complimentary, and there is no obligation. My contact information is above.
©2021 Natalia Blackie. This content is copyrighted and cannot be used without express written permission.