What Happens at the End of a COVID Mortgage Forbearance?

WHAT HAPPENS AT THE END OF A COVID-19 FORECLOSURE FORBEARANCE?Can servicers demand a large balance?
Generally, the servicers should not be demanding full payment following a COVID forbearance. There are a number of loss mitigation options for people coming out of a COVID forbearance. In order to know which may apply one needs to know who owns the loan (who is the investor). Is it a GSE, FHA or private label loan?

How is the Biden Administration addressing student loan debt? See article below in newsy.com

 Interesting article in newsy.com (URL below) about how the Biden Administration is addressing student loan debt. https://www.newsy.com/stories/president-biden-s-policy-on-student-loan-d...

Diane was patient, thorough, sympathetic, quick with responses and obviously knew what she was doing.

five-star“Diane was patient, thorough, sympathetic, quick with responses and obviously knew what she was doing. ” D.S.

Diane was patient, thorough, sympathetic, quick with responses and obviously knew what she was doing.

five-star“Diane was patient, thorough, sympathetic, quick with responses and obviously knew what she was doing. ” D.S.

Diane shows compassion and understanding to her clients.

five-star“Diane shows compassion and understanding to her clients.” M.W.

Personal bankruptcy and the Deductibility of Non-dischargeable Student Loans for the Means Test

As many readers are aware, individuals whose income exceeds the median income in New York State are required to do "means testing" to determine if they qualify for chapter 7 personal bankruptcy.In New York State the median income for a family of 1, 2 or  3 is listed below and if a Debtor’s income exceeds the state’s median income they must do means testing. Household Size Monthly Income Annual Income1 $5,058.00 $60,696.002 $6,429.92 $77,159.003 $7,709.00 $92,508.00 If an individual wants to file for chapter 7 bankruptcy and they do not pass the means test, then there is a "presum

Diane and Jay were wonderful to work with.

five-star“Diane and Jay were wonderful to work with.” P.

Being of Service to Others certainly overshadowed any money motivation…in the end her expert consultation did not cost us any money.

five-star“Being of Service to Others certainly overshadowed any money motivation…in the end her expert consultation did not cost us any money. ” G.G.

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