Did you take deferment or forbearance...when is your balance due?

[Mark Simpson]

How are deferred payments being handled and when are they due for most people?

Early on there seemed to be some confusion as to whether payments would be added to the end (loan modification), or come due either in lump sum or with a repayment plan at the end of the deferment period.  I believe how this is handled is going to have a massive impact on the number of foreclosures and the overall state of real estate over the next 2 years.

I would love to hear from lenders/servicers as they see volume, but would love anyone to chip in with personal experiences.  

Now we are 3 months down the road, how do you see this shaking out? 

I've heard some people saying its going to be no big deal, its added to the end (loan mods), meanwhile I've spoke to a lender that said loan mods are next to impossible for people to get unless they catch up any missed payments from the forbearance period first.

The threads I could find on the forums all seem to be from back in march, so I wanted to see if there is any more clarity now.

Thanks in advance.