Forbearance benefits and downsides

[Jacob Pereira]

I've decided to use the forbearance option on all of my properties due to COVID-19 related hardships, and it has really helped to pad my bank account. A recent conversation with a client/friend of mine made me question whether I really have a correct understanding of how it works. For you lenders out there, are there any cons for borrowers to use this option? For those of you with loans and eligibility to use forbearance, are you doing it? Why or why not?