Forbearance Agreement Drafter
Draft a forbearance that gives the borrower time and leaves the lender stronger
Install it in one line — paste a single command into Claude, ChatGPT or Cursor and it writes the skill into your project.
Free, and about thirty seconds: a work email and a six-digit code.
Downloading shares your name, firm, role, and email with The Helvetica Group. That introduction is what keeps every skill here free.
What this skill does
When a loan is in default and you have agreed to hold off for a set time while the borrower sells, refinances or fixes the problem, this drafts the forbearance agreement. The borrower gets time; you get a signed acknowledgment of the default and the debt, a release of claims, the guarantors' signatures and firm deadlines. Draft for attorney review.
What it does
- Builds a term sheet for the forbearance: period, payments, fee, default interest, deadlines and what happens at the end
- Rewrites vague promises like "best efforts to sell" into dated deadlines you can check
- Drafts the agreement: acknowledgment of the defaults and balance, a clear statement that the defaults are not waived, conditions before it takes effect, payments, release and guarantor joinder
- Spells out the events that end the forbearance and what you can do next
- Writes a one-page summary for the lender and a milestone tracker
When to use it
- A loan is in default or past maturity and you have agreed to give the borrower time
- The borrower has a sale, refinance or completion in sight and needs a window
- You want the defaults and the balance acknowledged before you hold off
- Guarantors need to reaffirm and release claims
What to have ready
- The agreed forbearance terms
- The loan documents and any default or maturity notices sent
- A balance statement as of a stated date
- Where any foreclosure or other enforcement stands
How to use it
- Download it with the button above. You'll sign in with a work email — that's how the creator knows who is using their skill.
- Copy the install prompt from the "Run it in Claude" box, and paste it into Claude along with the file. Claude installs the skill, fills in your firm's details where the file has
[BRACKETED]placeholders, and runs a quick test with you. - Then just ask in plain English. Claude picks the skill up on its own when a request matches it. Anything it still needs, it asks you for — it won't invent a number.
"[BORROWER] is past maturity on [PROPERTY ADDRESS]. We agreed to hold off [N] days if they list by [DATE], sign a sale contract by [DATE] and pay a [AMOUNT] fee. Here are the loan docs, our default notice and the balance statement. Draft the forbearance agreement."
What you get back
A one-page lender summary, a forbearance term sheet, a full draft agreement, a milestone tracker, a checklist for your attorney and a list of terms still to be agreed.
Good to know
- Output quality tracks input quality. A missing figure is flagged as missing — it is never estimated to fill a gap.
- Every draft is a starting point for your own review, not a finished decision.
- Runs anywhere Claude does: the Claude app, Claude Desktop, or Claude Code.
- It never waives a default unless you decide to, flags any guarantor who will not sign, and leaves state-specific foreclosure and release questions to your attorney.
Legal disclaimer
This skill drafts; it does not decide. Its output is not legal, tax, accounting, appraisal, or investment advice, and using it creates no attorney-client, fiduciary, or advisory relationship. Nothing it produces is a commitment to lend or an offer to sell a security. Verify every number, date, citation, and conclusion against the source documents, and have a qualified professional licensed in the relevant jurisdiction review the work before you rely on it or send it to a borrower, investor, counterparty, or regulator. Laws, rates, and market data change. The final work product is yours.
Inside this skill
The actual file you get. Members can read it in full before saving it.
Forbearance Agreement Drafter
A forbearance agreement trades time for certainty. The borrower gets a defined window to sell, refinance or cure; the lender gets an acknowledgment of the default and the debt, a release of claims, fresh guarantor commitments, milestones with teeth and a faster path to its remedies if the borrower misses them. Drafted badly, it does the opposite — it waives the default, resets notice periods, or gives the borrower's counsel a new argument. This skill drafts the agreement from the business terms the lender has agreed, so the lender's position is better at the end of the window than at the start.
It works for defaulted or matured bridge, fix-and-flip, construction, land and small-balance commercial loans made for business purposes.
Where it fits: problem-loan-and-modification-analyst decides whether forbearance is the right path; extension-workout-strategy-builder is the borrower's side of the conversation; maturity-extension-request-evaluator handles extension requests on performing loans; loan-modification-agreement-drafter is for a permanent change to terms. This skill drafts the forbearance agreement once the lender has decided to forbear.
Everything here is a draft for review and completion by the lender's attorney. Foreclosure procedure, notice requirements, release wording and the effect of a forbearance on a pending enforcement action vary by state. Nothing here is a legal conclusion.
Step 1 — Intake
| Input | Required? | Notes |
|---|---|---|
| Agreed forbearance terms | ✅ | Period, payments, milestones, fees, what happens at the end |
| Loan documents | ✅ | Note, loan agreement, security instrument, guaranty, any modifications |
| Default facts | ✅ | Each default with its date; notices of default, acceleration or maturity sent, with dates |
| Enforcement status | ✅ | None started / notice recorded / foreclosure filed / sale scheduled / receiver sought |
| Balance statement | ✅ | As of a date: principal, note-rate interest, default interest, late fees, advances, legal fees |
| Guarantors | ✅ | Every guarantor and indemnitor, and whether each will sign |
| Borrower's plan | Helpful | Listing, contract, refinance term sheet, completion schedule — drives milestones |
| Other liens and title | Helpful | Junior liens, mechanic's liens, tax status |
Reading the full skill counts as a download. The contributor receives your name, company, and email.
Ratings & reviews
No written reviews yet. If you run this on a live file, say how it went. The next lender reading this page is deciding whether to trust it.
Examination record
Run it in Claude
- Copy the install command above
- Paste it into Claude, ChatGPT or Cursor
- It writes the skill in, fills in your firm’s details, and test-runs it with you
Prefer the file? The prompt above is for a package you already downloaded.
Details
More from The Helvetica Group
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