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People are under the impression requesting forbearance on residential or commercial loans does not affect your credit or background –  and this is not true. It comes up on your report. 

If you are a principal and are considering to take on forbearance, please keep in mind that it may effect any future loan approval.

Michael Salafia

Office: (786) 522-7134 michael.salafia@marcusmillichap.com 5201 Blue Lagoon Drive, Suite 100, Miami, FL License: FL: SL-3462183

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