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Forbearance and Modification Agreement


Book Publication Date: May 2019
Description: Sample forebearance agreement regarding a real estate loan default. The agreement acknowledges the default, memorializes any modification to the loan, and provides for a forbearance period in which the lender refrains from excercising available remedies.
Type: Contracts
PLI Item #: 276342
Practice Area: Banking and finance, Commercial real estate, Financing, Real estate, Real estate financing, Real property

Keywords: "workout"; "forbearance agreement"; "forbearance"; "real estate"; "loan"; "loan modification"; "default"; "lender"; "borrower"; "financing"; "waiver of defenses"; "cure"; "forbearance period"; "deed in lieu"; "termination event"

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