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Does special forbearance followed by a private sale qualify for am ncentive payment?
Published 08/09/2012 08:27 AM |
Updated 08/09/2012 01:18 PM
Can I use the special forbearance option to do a hold on foreclosure activities in order for the veteran to complete a private sale, thereby stopping additional costs like attorney fees? If so, will this qualify for an incentive payment when I report the default cured since the loan will be paid in full?
If the loan is 61 days delinquent and the forbearance is at least 1 month in duration, it will be eligible for an incentive payment.
