Can a borrower request to the lender to revise a temporary forbearance agreement to a more reasonable amounts for the borrower?

A borrower can make any request they like to their lender. The lender does not need to respond beyond acknowledging the request if that.

Based on the question there is already a temporary forbearance agreement in place and the borrower is seeking to change the agreement. If that is accurate the borrower has already failed to live up to the original terms they agreed to when they took out the loan. They then agreed to new terms with the lender when the temporary forbearance was agreed. A third time around is going to send a message to the lender that the borrower is not in control of their situation or that they just cannot be trusted to perform as agreed.

With that backdrop I would carefully think through why yet another deal needs to be struck. Maybe there really is a good reason. That information will need to be shared with the lender. Understand that the lender hears stories every day and some are lies or a con. If you want help you need to be very open with the lender as to what is going on and be prepared to convince the lender that you really can handle the payments if an adjustment is made one more time.

While the lender is better off with a loan that is performing even on restructured terms at some point the lender needs to assume that some loans are really not going to get paid. At that point legal proceedings will begin.

First answer by JohnCorey. Last edit by JohnCorey. Contributor trust: 40 [recommend contributor]. Question popularity: 1 [recommend question]