Attorneys Who Can Help You Stop Foreclosure in Its Tracks
Preventing or stopping foreclosure is high on the list of priorities for many of our clients who are attempting to resolve out-of-control debt. While it is often possible to negotiate a postponement of a foreclosure to allow you to review your options, there are really three primary means by which a foreclosure can be stopped or prevented:
- Securing a negotiated loan modification
- Completing a sale or short sale
- Filing for bankruptcy under Chapter 7 or Chapter 13
Each of these options has advantages and disadvantages that should be weighed thoroughly prior to making a decision. The team of experienced bankruptcy and debt relief attorneys at Clark Law Offices will be happy to explain your options and help you determine which course of action is right for you.
When Stopping Foreclosure Is Not an Option
The truth is that it may simply be too expensive to save a house that is "under water," meaning that you owe more than the house is worth. Sometimes letting a foreclosure proceed may be the right thing, but, even in that case, there are hidden dangers to be wary of.
For example, some of our clients have encountered unanticipated difficulties involving homeowners' association (HOA) fees. Many clients who belong to homeowners' associations have found that they are being charged HOA fees even after their house has been put up for sale in foreclosure.
For more general information regarding foreclosure in Arizona, some of our clients have made use of resources such as Hope Now (888-995-HOPE). For answers and legal guidance regarding your specific situation, we invite you to contact our offices in Phoenix, Mesa or Glendale to schedule a free, no obligation, no pressure consultation with an experienced bankruptcy and foreclosure lawyer.
Our offices are conveniently located in Phoenix, just south of the Biltmore, minutes from Hwy 51, and in downtown Mesa.
