Foreclosure Prevention in Mesa

Are you at risk of losing your home?

Arizona has been hit hard by the foreclosure crisis, and the situation doesn't look like it will improve any time soon. If you are among the countless families who face the threat of losing your home to foreclosure, you should immediately contact an attorney at the firm who can help you fight to keep your home. There are things you can do to stop the bank from beginning foreclosure proceedings, and you may even be able to reverse the process after it has started.

It is possible that you are in this position as a result of predatory lending practices on the part of your bank. Some financial institutions are known to have offered loans to borrowers who simply weren't qualified. Other actions include failure to disclose the full terms of a loan or imposing unfair or abusive loan terms. Even if the lender has acted fairly, you may be able to negotiate a loan modification for a lower monthly payment or similar changes that will allow you to keep the home. Lenders are often willing to renegotiate if it means that they will recover a majority of what is owed, rather than losing to default.

Fight for Your Home!

One of the most effective things you can do to prevent foreclosure is to file for Chapter 7 or Chapter 13 bankruptcy. As soon as you file, you will be protected from creditor actions by an automatic stay, meaning that your bank cannot carry out a foreclosure against you. After you discharge your debt, you will now have more of your income free to pay on your mortgage. Whatever course of action you choose, you should not delay in speaking with an attorney from Price Law Group. After an initial consultation about your case, they will help you get started on a plan to defend your home.