Foreclosure sales and trustee sales involve the lender taking action to sell a homeowner's property. It occurs after the homeowner has fallen behind on payments and defaulted on the loan. If you are in this situation, you should be aware that actions can be taken to save your property but you must act quickly. You are urged to contact a Phoenix real estate law attorney from the legal team of Schern Richardson Finter Decker, PLC for a consultation.
When you involve an attorney at our law offices, you will have the benefit of our extensive experience in real estate law and our commitment to providing personalized service to each of our clients. We will talk to you about your goals in saving your property through a loan modification or perhaps looking at completing a short sale or deed in lieu in order to avoid having a foreclosure on your credit score. Because we will take care to fully inform you of potential alternatives, your legal rights and your options, we will guide you in the right direction. After all, what you decide now may have legal and financial ramifications that will last well into the future. Our attorneys are dedicated to helping homeowners throughout the Phoenix area who are facing foreclosure or who have fallen behind on their payments and believe that they will be at risk of facing a foreclosure lawsuit in the near future.
We are prepared to assist you in defense of your property. We are a foreclosure defense law firm serving the Phoenix area since 2003. We are knowledgeable in the law concerning foreclosures and trustee sales and experienced in defending our clients' property rights. Fast action is necessary. You usually have only a few days to act once the notice of foreclosure is made. A sale is often set for only days in the future.
You have options. First you can quickly put together the funds to pay the arrearages. A second option is loan modification. Many were caught unawares by the adjustable interest provisions of mortgages and saw their payments escalate beyond what they can pay. Compounding the matter was the drop in home values leaving properties worth less than the outstanding loans. Where you can demonstrate an ability to make consistent payments, we can negotiate with the lender for a new more reasonable loan agreement.
The third option is Chapter 13 Bankruptcy. Under this procedure, the U.S. Bankruptcy Court puts an immediate hold on the foreclosure action. You are given an opportunity to put together a plan to pay all your debts over a 3 to 5 year period. You may spread your home loan arrearages over the length of the payment period. Meanwhile you may keep your home and other property so long as you make the payments on the plan. If you have the means to make the plan payments, we can assist you in filing your bankruptcy petition and guide you through the bankruptcy process.
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