RE:RE:RE:RE:F*cking AlfaATTORNEYSBUSINESS LAWFINANCIAL LAWMUNICIPAL LAWPERSONAL LAWLAW LIBRARYABOUT BC585-232-5300 Law Library: Articles Structuring a Forbearance Agreement for a Lender By Mark A. Costello, Esq. When a loan goes into default a lender, for any number of reasons, may determine that pursuing or continuing a foreclosure against its security is not its best option. Concomitantly, a borrower may wish to attempt to bring a loan current or to obtain takeout financing to make a lender whole, but may require additional time in which to do that. Permitting a borrower a grace perioda forbearance periodin which to restructure, refinance, rebuild, or do whatever it is the borrower may wish to do, might, after weighing the variables, make more economic sense to a lender than foreclosing generically is referred to as a "forbearance agreement". Just in case ocean twelve doesn't know what it means...