To Purchase a House, Dan Obtains a Mortgage Loan from Equity

To purchase a house, Dan obtains a mortgage loan from Equity Bank. Dan loses his job. He is likely to find a new job soon but meanwhile defaults on the payments on the loan. The bank agrees to postpone the payments for a limited time. This is

A) forbearance.
B) a short sale.
C) a workout agreement.
D) a deed in lieu of foreclosure.