Are there any NEGATIVE IMPACTS for COVID-19 Forebearance?

[Travelle Mason]

I have heard here and there, and although the finacnial institutions state that if COVID-19 Relief is sought, they will not report it to credit agencies there are lingering questions. 

My question is, are there other ways the COVID-19 Forebearnce could negatively impact future acquisitions?

When a lender looks into an applicant, is there another way the COVID-19 Forebearance will appear? 

If an owner opts-in for the COVID-19 Forebearance, for a particular property but looks to acquire another property during this period, will it be affect the applicant?

Thanks for your participation!

[Lisa Koontz]

We purchased a new primary residence and refinanced our previous home. Both loans we had to submit a statement saying that we had not requested forebearance on our mortgage. So yes, I'd say it can have an effect on future acquisitions, though it likely depends on the lender.