spd, this is the only recent piece I can find on a FF forbearance program. It’s apparently targeting households who are behind in their payments due to fairly recent unemployment.
I’m going to go thru it but I don’t see anything about it helping people who ATM’ed their residence to death in the ’00s and are now paying on ~2% permanent mods for up to 40 years and are NOT currently behind in their payments. The latter is who I’m mostly referring to around here.
Someone who ATM’ed their home to death and made off with hundred(s) of thousands of dollars in cash over one or more “cash-out transactions” should not have one dime of their debt forgiven … EVER. The only way they should be able to legally walk away from recourse debt in CA is to give a deed in lieu to their lender(s) and/or thru non-judicial foreclosure.
