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  • 13 minutes

Termination and Forbearance Period


Curing Default by Forbearance Agreement

At the conclusion of the forbearance agreement term, the borrower should have cured the original default and be able to resume regular payments. However, the lender may extend the forbearance period if the hardship has not been resolved by the end of the forbearance period. The forbearance agreement may provide for an automatic extension upon the occurrence of a specified event. This video reviews the events of a default and what today’s environment is in the court system.

Runtime: 13 minutes
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Peter T. Roach, Esq.

Peter T. Roach, Esq.

Roach & Lin, P.C.

  • Principal at Roach & Lin, P.C. in Syosset, New York
  • Practices in all areas of mortgage default servicing, including forclosure, loss mitigation, bankruptcy, litigation, evictions and REO sales throughout the entire state of New York
  • Served as an Adjunct Professor of Law at St. John’s University School of Law, teaching a variety of courses including real estate finance, real estate drafting, and title insurance
  • Member of numerous professional and civic organizations
  • Frequent speaker and has written numerous publications
  • J.D. degree, St. John’s University, School of Law; B.A. degree, State University of New York at Binghamton
  • Can be contacted at 516-938-3100 ext. 318 or [email protected]
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