A Forbearance Agreement essentially provides the borrower and the client with an opportunity to “settle their case”. Once a loan is accelerated, the client has the option of pursuing a Forbearance Agreement which allows borrowers with a reasonable opportunity to cure arrearages and remain current on future payments. A Forbearance Agreements encompass all of the issues related to a case and can resolve any outstanding defenses that would otherwise prevent or delay a lender from accelerating a loan. Forbearance Agreement provides the borrower with an incentive to reinstate the loan pursuant to the agreed terms while streamlining the foreclosure process in those cases where the borrower does not adhere to the terms.