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Forbearance Agreement |
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Forbearance Agreement An agreement by the lender not to exercise the legal right to foreclose in exchange for an agreement by the borrower to a payment plan that will cure the borrower's delinquency. See Payment Problems/Position of the Lender/Temporary Problem. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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As part of the forbearance agreement we will get a Deed in Lieu of Foreclosure placed in escrow. 99 billion term loan and $590 million revolving credit facility, to extend a forbearance agreement currently in place through the end of 2009. In connection with the forbearance agreement the original maturity date of the loan was extended from February 22, 2010 to March 6, 2011. |
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