In this episode, we explore the critical financial concept of forbearance, an agreement between lenders and borrowers designed to delay the foreclosure process. We explain how this mechanism—literally meaning "holding back"—allows lenders to pause their right to exercise foreclosure if a borrower can eventually catch up on their payment schedule. Listeners will learn that forbearance is distinct from loan forgiveness; interest continues to accrue, and borrowers must eventually participate in a "work-out plan" to address the arrears, such as paying a lump sum, modifying the loan, or deferring payments to the end of the loan term.

We also discuss:

• Types of Relief: From full payment moratoriums to interest-only payments and "negative-amortising" deals where the capital balance might actually increase.

• P ...