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kcchica · 07-20-2009, 08:00 AM

Hi, thanks for the reply. The whole point of the 1/2 payment forebearance plan was to get us "behind" to show our investor its necessary. We have had a loss of income because of the economy and my husband's job is in new home construction.
In addition besides wanting us to do this 4 month plan, the anaylyst wanted us to work on our budget.. and drop $200, so that we had about a $200 surplus.
We are Fanny Mae, but I am at a loss what to do about the situation. Since the bank is working with us, I want to keep moving forward. Although I was disappointed by the forced 4 month delay (in the form of a forebearance). Since the guideline link you posted discussed a 4 month "trial" period (again why.. I don't understand) for people not behind. Are you thinking we could actually just keep making our payment?
I so don't understand why we have the 4 month trial thing. I also don't want to "upset" the bank and have them stop working with us too...

We did sign the document, although again, we made a whole payment in July because we had already done so prior to receiving the paperwork.

07-20-2009, 08:00 AM	#16 (permalink)
kcchica Member Join Date: Jul 2009 Posts: 12 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Forebearance = trial period? Hi, thanks for the reply. The whole point of the 1/2 payment forebearance plan was to get us "behind" to show our investor its necessary. We have had a loss of income because of the economy and my husband's job is in new home construction. In addition besides wanting us to do this 4 month plan, the anaylyst wanted us to work on our budget.. and drop $200, so that we had about a $200 surplus. We are Fanny Mae, but I am at a loss what to do about the situation. Since the bank is working with us, I want to keep moving forward. Although I was disappointed by the forced 4 month delay (in the form of a forebearance). Since the guideline link you posted discussed a 4 month "trial" period (again why.. I don't understand) for people not behind. Are you thinking we could actually just keep making our payment? I so don't understand why we have the 4 month trial thing. I also don't want to "upset" the bank and have them stop working with us too... We did sign the document, although again, we made a whole payment in July because we had already done so prior to receiving the paperwork.