Work out agreement ?s

Posted by Lesa on April 28, 2005 at 21:41:11:

I have a work out/forbearance agreement with my lender. The amount due is breaking me, but I am hanging in there. Talked to someone today about possibly refinancing. Guy told me that a. my forbearance agreement is way too long (through end of this year) and b. my credit shows and will continue to show late mortgage payment until forbearance is completely done (Dec 2005). Is this normal?