There are several reasons why an individual or couple in or nearby Phoenix, AZ may fall behind on their home loan payments. People lose jobs, are moved from full to part time, have medical emergencies, or even go through divorces. When these issues happen and the mortgage is in arrears, a foreclosure may be the best solution depending on the circumstance.
Ignoring the situation and hoping events change often makes the situation worse. The best action any homeowner can take is consulting professional foreclosure lawyers in Phoenix, AZ as soon as possible to go over their options. It is important to keep in mind that in most foreclosure cases, bankruptcy is considered as well. By working with bankruptcy lawyers in Phoenix AZ, individuals will have access to a repossession lawyer and foreclosure lawyer, all in one visit.
The Big Picture
An important factor in bankruptcy issues, including foreclosure and repossession, is timing. When clients seek assistance from experienced bankruptcy lawyers early in the process, it is much easier to work with the lender and look at home loan modifications to avoid foreclosure.
Unfortunately, once the foreclosure process has started, options may be limited. However, an experienced lawyer can often work directly with the lender or the creditors to create a possible solution that may prevent the need to file for bankruptcy.
At the Law Office of Larry P. Karandreas, PLLC, you will find a highly rated and recognized repossession lawyer, bankruptcy lawyer, and foreclosure lawyer available to provide you with the information you need. For those living in or close to Phoenix, AZ, contact us today at 623-487-1670 for a free consultation.