Finance
Mortgage forbearance in Oklahoma allows a borrower to:
APermanently eliminate missed mortgage payments
BTemporarily reduce or suspend mortgage payments with the agreement of the lender, with missed amounts to be repaid later✓ Correct
CTransfer the mortgage to another person
DSell the property below market value without lender approval
Explanation
A mortgage forbearance is a temporary agreement between the lender and borrower to reduce or pause mortgage payments during a period of hardship. The missed or reduced payments are not forgiven but must be repaid according to the forbearance agreement terms.
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