What Happens When Mortgage Forbearance Ends?

Описание: Did you know that mortgage forbearance only postpones payments and doesn’t erase them? Many homeowners use it as a temporary relief, but once it ends, the missed payments must be repaid. Without a plan, you could face higher monthly payments, loan modifications, and even foreclosure! That’s why knowing your repayment options, such as refinancing, can help you avoid costly mistakes and keep your home. Check out this video where I break down how forbearance works and how you can protect your home.

Learn more: https://blog.soldbyericteam.com/what-...

Timestamps:
00:00 - Introduction
00:15 - Rise in Forbearance Cases
00:26 - Understanding Mortgage Forbearance
00:40 - How Forbearance Works
01:15 - Lump Sum Payments & Challenges
01:57 - Assessing Your Financial Situation
02:22 - Seeking Professional Guidance
02:52 - Short Sale Considerations
03:16 - Deed in Lieu & Foreclosure Risks
03:59 - Consequences of Delayed Action
04:31 - Short Sale and Forbearance
05:01 - Avoid Losing to Bank
05:05 - Unfortunate Life Situations
05:13 - Importance of Guidance
05:22 - Meet Eric Jurmo
05:28 - Experience in Foreclosure Help
05:35 - Fresh Start Options
05:37 - Contact for More Info

#EricJurmo #Forbearance #SoldByEricTeam
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From Saving Homes to Selling Them. As a Detroit Firefighter, Eric Jurmo spent many years saving homes and lives. Injured in the line of duty, he had to find a new profession. What he found was a new passion: Real Estate. That was 19 years ago and Eric has never looked back. Eric and his team consistently sell over 200 homes a year (and have for nearly a decade), putting him in the top 1% of Realtors in Michigan.

In many ways, Eric Jurmo still considers himself a public servant; responding immediately, working tirelessly, treating every transaction like it's the most important one in the world, because for someone, it is. Eric and his team take pride in simplifying the real estate process for each client they work with. He's recognized by Hour Magazine as one of the top agents in Metro Detroit. He's a Zillow Allstar and Trulia Pro. A native of Southeast Michigan raising a family here, Eric knows the tri-county area well and is 110% dedicated to getting his clients the best price the market will bear. Let's get together and talk about your buying and/or selling plans. Call Eric at his office at 586-713-8524 or send an email to [email protected] to set up a time to meet with us today and find out why so many buyers and sellers like you rave about their experience working with the Sold by Eric Team!

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Eric Jurmo
Sold By Eric Team
KW Platinum
31525 23 Mile Rd
Chesterfield, MI, 48047
📞586-713-8524
📧[email protected]
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