(BPT) Millions of U.S. homeowners facing financial hardship related to the COVID-19 pandemic have sought mortgage payment relief, or forbearance, allowing them to temporarily pause or reduce their monthly mortgage payments. According to the mortgage data firm Black Knight, as of March 2021, approximately 2.6 million U.S. homeowners remain in an active forbearance plan. It's important they know their options for what happens next.
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