Recent natural disasters have left many homeowners in Granada Hills, CA, and surrounding areas facing financial uncertainty. For those struggling to keep up with mortgage payments, Vic Markarian, a top local real estate expert, is encouraging homeowners to explore mortgage forbearance as a valuable relief option.

What is Mortgage Forbearance?

Mortgage forbearance allows homeowners to temporarily reduce or pause their mortgage payments during financial hardship. This option can be crucial for those affected by recent disasters, providing much-needed relief while they recover.

How Homeowners Can Benefit from Forbearance

According to Vic Markarian, a trusted real estate professional with over 30 years of experience, homeowners should immediately contact their mortgage lenders to discuss available forbearance programs. Lenders often provide temporary payment relief, ensuring homeowners don’t fall into foreclosure while recovering from unexpected challenges.

"Many homeowners don’t realize that they have options," says Vic Markarian. "Mortgage forbearance can provide breathing room, allowing families to focus on rebuilding without the immediate stress of monthly payments."

Steps to Take If You’re Affected

- Contact Your Mortgage Lender: Ask about their available forbearance options. Some lenders provide temporary payment suspensions for disaster-impacted homeowners.

- Understand the Terms: Find out how long forbearance lasts, whether payments are reduced or paused, and how repayment will be structured afterward.

- Document Everything: Keep records of all conversations, agreements, and written confirmations from your lender.

Expert Guidance from Vic Markarian Realty Group

As a leading real estate professional in Granada Hills, CA, Vic Markarian is committed to helping homeowners navigate difficult financial decisions. Whether it’s exploring mortgage relief options or strategizing the best time to sell, his team provides expert guidance tailored to each homeowner’s unique situation.

"Homeowners don’t have to face these challenges alone," adds Markarian. "We’re here to provide solutions that help them stay in control of their financial future."

Need Help? Contact Vic Markarian Today

If you’re a homeowner facing financial hardship due to recent natural disasters, Vic Markarian Realty Group can help you explore mortgage forbearance and other real estate solutions.

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