A forbearance fee is a one-time payment to one party in consideration for its agreement to refrain, or forbear, from exercising some right for some period of time. In this instance, the forbearance fee was to be paid to the lender in consideration for its agreement to refrain, or forbear, from exercising its right to foreclose upon collateral securing repayment of the loan. After posting the property securing a loan for foreclosure, the lender agreed to postpone the foreclosure sale in consideration of the payment of the forbearance fee. The lender postponed the sale and owners were able to refinance the loan and pay off the loan balance, but then failed to pay the agreed upon forbearance fee.