Last reviewed 10-31-2026Short-Sale.com Editorialglossary
Formal Forbearance Plans
HUD 4000.1 Glossary
Updated 10-31-2026
Formal Forbearance Plans
Formal Forbearance Plans are written agreements executed by one or more of the Borrowers, allowing for reduced or suspended payments for a period greater than three months, but not more than six months, unless otherwise authorized by HUD, and such plans may include specific terms for repayment.
HUD 4000.1 Glossary
p. 19
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