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Time to Help. The Storm Clouds are Here
Raymond Henson, SRES, GRI is a wise man and his clients are lucky to have him in their corner! The majority of people in the world today could use some help, even if they are still able to work, the work seems to have been limited because so much is halted or paused.
The storm clouds are here. A few weeks ago, I would never have imagined that I would be discussing mortgage relief. Everybody seems to be affected by the COVID 19 virus is some way or another. Many are sick, laid off or have reduced hours and are facing some difficult decisions. I am concerned because during the Great Recession so many did not communicate with their banks and/or loan servicing companies due to fear and worry.
If you are having difficulties, please call your loan servicing company or your bank. My client called his servicer and was told that he qualified for a forbearance agreement. He can forgo his payment for up to three months on his home loan without any penalties. He was also told that it will not affect his credit score. His interest will still accrue and be added to the loan balance ... more
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