{"id":2847,"date":"2016-04-19T09:25:13","date_gmt":"2016-04-19T14:25:13","guid":{"rendered":"http:\/\/hoorfarlaw.com\/blog\/?p=2847"},"modified":"2016-04-19T09:25:13","modified_gmt":"2016-04-19T14:25:13","slug":"foreclosure-alternatives","status":"publish","type":"post","link":"https:\/\/hoorfarlaw.com\/blog\/?p=2847","title":{"rendered":"Foreclosure Alternatives"},"content":{"rendered":"<p><a href=\"http:\/\/hoorfarlaw.com\/blog\/wp-content\/uploads\/2016\/04\/foreclosures2.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-thumbnail wp-image-2851\" src=\"http:\/\/hoorfarlaw.com\/blog\/wp-content\/uploads\/2016\/04\/foreclosures2-150x150.jpg\" alt=\"foreclosures\" width=\"150\" height=\"150\" \/><\/a><\/p>\n<p>The following methods can be used by a residential property borrower to avoid foreclosure of their home or investment property:<\/p>\n<ol>\n<li>Modification of the Loan &#8211; This is when the lender takes the back-owed amount, also known as arrearages, and either forgives or defers the amount.<\/li>\n<li>Mediation &#8211; This occurs when the lender and the borrower use an independent, third party to negotiate and settle their issues.<\/li>\n<li>Short Sale &#8211; This is when the lender approves the sale of the property by the borrower to a buyer for less than what the borrower owes the lender.<\/li>\n<li>Deed-In-Lieu &#8211; This is when the borrower simply deeds the property back to the lender in order to avoid a foreclosure.<\/li>\n<li>Redemption &#8211; This occurs when the borrower pays the lender for any back-owed amounts and gets current on the mortgage.<\/li>\n<li>Refinance &#8211; This is when the borrower finds a new lender and restarts the loan process so that the borrower is no longer behind in their payments.<\/li>\n<li>Bankruptcy &#8211; This is when the borrower files a Chapter 7, 11, or 13 bankruptcy in order to stop a foreclosure or eviction.<\/li>\n<\/ol>\n<p>If you are behind in your mortgage and would like to speak to someone about your options, contact our office at 816-524-4949 or visit our website at <a href=\"http:\/\/www.Hoorfarlaw.com\">www.Hoorfarlaw.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The following methods can be used by a residential property borrower to avoid foreclosure of their home or investment property: Modification of the Loan &#8211; This is when the lender takes the back-owed amount, also known as arrearages, and either &hellip; <a href=\"https:\/\/hoorfarlaw.com\/blog\/?p=2847\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[267,76,736,776,39,853,856,693,732,855,854,718],"class_list":["post-2847","post","type-post","status-publish","format-standard","hentry","category-general","tag-attorney","tag-bankruptcy","tag-debt","tag-down-town-lees-summit","tag-foreclosure","tag-foreclosure-alternatives","tag-law-office-of-ccamron-hoorfar","tag-lawyer","tag-loch","tag-modification-of-loan","tag-refinance","tag-we-can-help"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/2847","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2847"}],"version-history":[{"count":1,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/2847\/revisions"}],"predecessor-version":[{"id":2852,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/2847\/revisions\/2852"}],"wp:attachment":[{"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2847"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2847"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2847"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}