How Does It Work if You Skip Mortgage Payments?

Dallas Morning News, Mar. 31, 2020–Steve Brown
“The definition of forbearance is delay — not forgive,” said Robert Broeksmit, president and CEO of the Mortgage Bankers Association. “The idea there is that it would last until the dislocation ends.” If you contact your mortgage servicer and get the forbearance, the arrangement will include a plan for making up the lost monthly payments.