Phoenix Loan Modification Attorneys

Everyone experiences financial difficulties and foreclosure can happen to anyone. Arizona foreclosure rates are higher than ever, and record numbers of people are experiencing foreclosure. Programs and guidelines are changing and it is getting easier for homeowners to get the help they need. However, the foreclosure process can be frustrating and confusing for homeowners — those facing this hardship need Arizona foreclosure defense.

If you are considering contacting your lender about a loan workout to avoid home foreclosure in Arizona, Arizona Legal Advocacy offered by Thompson Law Firm can help you put together the information necessary to present your case to your lender.

Loan Modification

Loan modification is one of the most successful tools available to keep people in their homes and stop Arizona foreclosure. An Arizona loan modification attorney can assist you in permanently changing the terms of a mortgage note, thereby making payments more affordable for the borrowers just like you. A loan modification can benefit Arizona homeowners by :

• Reduction of interest rates, or a change from a floating to a fixed rate
• Reduction in principal
• Reduction in late fees or other penalties
• Lengthening of the loan term
• Capping the monthly payment to a percentage of household income

If the homeowner can afford the home but not the current Arizona mortgage then they may be eligible for a loan modification.

Thompson’s Arizona Legal Advocacy Advantage

There are several reasons why you need to have an attorney advantage when you are seeking to negotiate with your lender to save your home and stop the Arizona foreclosure process.

Legal Advocacy from Thompson Law Firm Gets Results

Lenders have too many foreclosures on the books and not enough employees available to return phone calls. When an attorney calls, however, the lender is more likely to pay attention. Lending firms faced with an attorney know they are dealing with someone who has profound knowledge of Arizona foreclosure law. An attorney will be taken quite seriously by a lender; this advantage will expedite your Arizona loan modification.

Thompson’s ALA Attorneys Understand Arizona Loan Modification Law

Our attorneys understand Arizona foreclosure laws and what must be done to stop foreclosures. This powerful knowledge takes years of study; we didn’t pick it up overnight. Our experience gives you options to stop your foreclosure and negotiate with your lender. Because we specialize in foreclosure law, our attorneys can negotiate with even the savviest of lenders to stop foreclosure.

Just as you should not represent yourself in court, you should not represent yourself when negotiating a foreclosure. Your home may be an emotional investment, and that can cloud your judgment. An Arizona foreclosure attorney is trained for tough negotiations and will act judiciously on your behalf. While you may be tempted to settle for less to save your home from foreclosure, an attorney is likely to press for more, often succeeding.

Getting Started

Our attorneys are well versed in options regarding foreclosure in Arizona. We can provide you with options to stop foreclosure. To accomplish this, we must evaluate your unique situation. You provide us with the details regarding your foreclosure, and our Chandler loan modification attorneys analyze your case, and create an action plan to stop foreclosure. A foreclosure professional will perform a forensic analysis of your loan contract to determine whether you are a victim of predatory lending practices.

There are thousands, possibly over one million people with mortgages in direct violation of the Truth in Lending Act. Many could stop foreclosure if they only knew what to look for and how to defend themselves. Some of the options that we will evaluate in your action plan are:

• Loan Modification,
• Forbearance,
• Short Sale,
• Bankruptcy,
• Deed in lieu of Foreclosure

A foreclosure can negatively impact every aspect of your life and devastate your family. Doing everything that you can to stop foreclosure means retaining professional legal counsel at the first sign of trouble. If you feel that you are headed toward foreclosure, or if you are already in the midst of a foreclosure, Thompson Law Firm can help with a free foreclosure consultation.

Contact Arizona Legal Advocacy at (480) 634-7480 for a free foreclosure evaluation. You may complete the secure contact form in the sidebar for online foreclosure support. A Thompson attorney will promptly arrange your initial consultation. Our compassionate legal team will be right by your side every step of the way through your Loan Modification, Arizona Debt Settlement or Bankruptcy.