Forbearance

Learn about the definition for this legal term.

What is Forbearance?

In real estate financing, where a creditor refrains from the enforcement of a real estate loan that is due and may be in default; may result in the execution of a forbearance agreement between the creditor and the property owner/borrower which gives the borrower additional time to get caught up on the payments.

Further Reading

For more detailed information, see our related Real Property terms:

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