Final answer:
Lenders may extend loan payments typically up to 90 days or more to help borrowers avoid foreclosure, depending on the borrower’s circumstances and the lender's policies.
Step-by-step explanation:
The question regards how far out many lenders will extend loan payments in order to help borrowers avoid foreclosure. While the options presented are 30, 60, 90, and 120 days, the standard practice might vary based on the lender's policies and the specific circumstances of the borrower's financial situation. In a typical scenario, lenders may offer forbearance agreements or payment plans that can extend beyond these time frames if it's in both the lender’s and borrower’s best interest to avoid foreclosure. Foreclosure is an expensive and time-consuming process for a lender, so they may be motivated to work with borrowers and may offer extensions of 90 days or sometimes even longer, depending on the borrower’s payment history and likelihood of recovering their financial stability.