{"id":2882,"date":"2016-05-09T09:21:10","date_gmt":"2016-05-09T14:21:10","guid":{"rendered":"http:\/\/hoorfarlaw.com\/blog\/?p=2882"},"modified":"2016-05-09T09:21:10","modified_gmt":"2016-05-09T14:21:10","slug":"transfers-of-distressed-commercial-properties","status":"publish","type":"post","link":"https:\/\/hoorfarlaw.com\/blog\/?p=2882","title":{"rendered":"Transfers of Distressed Commercial Properties"},"content":{"rendered":"

\"commercial<\/a><\/p>\n

There are four main ways a borrower can return a commercial property back to its lender when the borrower can no longer pay for the loan:<\/p>\n

    \n
  1. Foreclosure – This is when the lender sells the property at the courthouse steps to the highest cash bidder.<\/li>\n
  2. Trustee’s Sale – Similar to a foreclosure sale, this is when a lender sells the property by a public or private sale with a guaranty from a title company.<\/li>\n
  3. Receivership – The lender hires an attorney or accountant to take over the commercial property and manage it for the lender and the borrower.<\/li>\n
  4. Deed-in-Lieu-of-Foreclosure – This is when the borrower deeds the property back to the lender so the lender does not have to foreclose on the property.<\/li>\n<\/ol>\n

    If you are having mortgage trouble or want to discuss your loan’s options, contact our office at 816-524-4949 or visit our website at www.Hoorfarlaw.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

    There are four main ways a borrower can return a commercial property back to its lender when the borrower can no longer pay for the loan: Foreclosure – This is when the lender sells the property at the courthouse steps … Continue reading →<\/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":[267,862,776,39,348,693,732,864,863,718],"class_list":["post-2882","post","type-post","status-publish","format-standard","hentry","category-general","tag-attorney","tag-commercial-property","tag-down-town-lees-summit","tag-foreclosure","tag-law-office-of-camron-hoorfar","tag-lawyer","tag-loch","tag-receivership","tag-trustees-sale","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\/2882","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=2882"}],"version-history":[{"count":1,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/2882\/revisions"}],"predecessor-version":[{"id":2884,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/2882\/revisions\/2884"}],"wp:attachment":[{"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2882"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2882"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2882"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}