Hi. I’m currently still on furlough. I was hoping to already of returned but my employer is extending my furlough. I am considering get the mortgage relief forbearance since I don’t know when I return. Will this disqualify me in getting a NACA as soon as I return to work? I’ve read that while on this plan that the credit bureau still reports as current but that the account is notated as on forbearance.
Thanks for the reply. Yes, I currently have a home mortgage and will be selling it before my Naca settlement.
My furlough is the biggest issue but hope to return soon. In the meantime I’m trying to find out if the mortgage relief forbearance disqualifies me. I don’t think it will and I’ll just need a letter of explanation but I just need to confirm.
Also I’ve been told I can qualify with Naca while being on unemployment so long as I have a letter from my employer that I will in fact be returning when things start to normalize.