{"id":150,"date":"2018-11-21T12:08:38","date_gmt":"2018-11-21T12:08:38","guid":{"rendered":"http:\/\/mortgagemodificationri.com\/blog\/?p=150"},"modified":"2019-02-05T03:24:03","modified_gmt":"2019-02-05T03:24:03","slug":"what-is-forbearance","status":"publish","type":"post","link":"http:\/\/mortgagemodificationri.com\/blog\/2018\/11\/21\/what-is-forbearance\/","title":{"rendered":"What is Forbearance?"},"content":{"rendered":"<p>A homeowner who can\u2019t pay the mortgage may ask the mortgage company if they can forbear from paying the loan, also known as <a href=\"https:\/\/www.consumerfinance.gov\/ask-cfpb\/what-is-forbearance-en-289\/\">forbearance<\/a>. Forbearance occurs when the mortgage company agrees to allow the homeowner to make a reduced mortgage payment, or temporarily stop paying the mortgage altogether.<\/p>\n<p>Forbearance may be helpful if the homeowner is having trouble making the mortgage for a short period of time. However, if the homeowner believes the financial trouble will last longer than that period, the homeowner may want to consider a <a href=\"http:\/\/mortgagemodificationri.com\/blog\/2018\/09\/18\/what-is-a-mortgage-modification\/\">mortgage modification<\/a> instead of forbearance. Mortgage modifications can either be temporary, like forbearance, or permanent, depending on the type of mortgage modification that is agreed to.<\/p>\n\n\n<h2 class=\"wp-block-heading\">The Mortgage Modification Center<\/h2>\n\n\n\n<p>\nIf you cannot pay your mortgage, and are wondering if a mortgage modification may be right for you, please contact the <a href=\"http:\/\/mortgagemodificationri.com\/\">Mortgage Modification Center<\/a> at (401) 467-7998 for your free initial consultation. <a href=\"https:\/\/www.law-ri.com\/index.html\">Attorney John S. Simonian<\/a> has handled hundreds of mortgage modification cases, and may be able to help your family stay in your home.\n\n<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A homeowner who can\u2019t pay the mortgage may ask the mortgage company if they can forbear from paying the loan, also known as forbearance. Forbearance occurs when the mortgage company agrees to allow the homeowner to make a reduced mortgage &hellip;<a class=\"rm\" href=\"http:\/\/mortgagemodificationri.com\/blog\/2018\/11\/21\/what-is-forbearance\/\">Read More<\/a><\/p>\n","protected":false},"author":1,"featured_media":258,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[60,3],"tags":[41,40,42,43,4,24,30],"class_list":["post-150","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-loan-modification","category-mortgage-modification","tag-cant-pay-mortgage","tag-forbearance","tag-help-paying-mortgage","tag-homeowner","tag-mortgage-modification","tag-mortgage-modification-center","tag-rhode-island-attorney"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What is Forbearance? &#8226; Mortgage Modification Center &#8226; RI<\/title>\n<meta name=\"description\" content=\"Have you heard the term &quot;forbearance&quot; but not exactly sure what it means? 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