Though the forbearance period has ended for most borrowers, the CFPB and the Biden Administration have put new rules in place to prevent a massive wave of imminent foreclosures. Lenders are required to allow borrowers many options including: Allowing borrowers to resume mortgage payments and apply their missed payments to the end of their mortgage Lower their monthly mortgage payments through streamlined loan modification Allowing borrowers to sell their homes If none of those options are possible for borrowers, there are still additional restrictions in place through Dec. 31, 2021. Lenders can only start the foreclosure process if the borrower has abandoned their property, has not responded to inquiries from the lender for more than 90 days (and is more than 120 days behind on payments), or was more than 120 days behind on their mortgage prior to the pandemic (March 1, 2020).