Foreclosure in Scottsdale, Arizona
Over the past years many individuals in Scottsdale, Tempe, and throughout Arizona have had their homes foreclosed on because of their inability to meet mortgage payments. As those who are behind on their mortgage payment are finding out, banks will take quick legal action to collect. The threat of foreclosure is extremely stressful, especially if you do not have the means to catch up your payments and have a mortgage payment much higher than you can afford. Individuals in Scottsdale who don’t have representation (an attorney) to stand up for their interests with a lender or bank often are evicted and now face problems regarding their credit.
An experienced Scottsdale bankruptcy lawyer can help you fight foreclosure through a variety of different methods, including negotiating with your lender for loan forbearance, a mortgage modification, or even filing for bankruptcy. Contact our Scottsdale foreclosure law office and find out what method of debt relief is going to be the most beneficial to your foreclosure situation. Our attorneys have years of foreclosure and debt relief experience and are eager to help. Contact our office at (480) 833-8000 for a free consultation today with one of our expert foreclosure attorneys.
Stopping Foreclosure Through Bankruptcy
One of the options available to you if you are considering stopping foreclosure is to file for bankruptcy protection. Filing bankruptcy stops foreclosure. The two primary forms of bankruptcy are chapter 7 bankruptcy and chapter 13 bankruptcy. If you decide that filing bankruptcy is the right option for you, with either form of these bankruptcy options, the bankruptcy court will discharge all or a great portion of the debts you owe, allowing you to start a new chapter in your financial life.
When filing chapter 7 bankruptcy in Scottsdale, you have the choice to retain your home while maintaining your mortgage payment. With your debts being legally dissolved in the chapter 7 bankruptcy, making your mortgage payments may be an easier task to conquer. If you are filing Chapter 13 bankruptcy, your home is given asset protection under the bankruptcy rules. Many times, you will also be able to adjust (usually lower) your mortgage so that your payments become much more realistic to make. Either way, you are able to stop the foreclosure and save your home through filing for bankruptcy in Scottsdale, Arizona.
Contact your Scottsdale foreclosure attorneys at My AZ Lawyers, PLLC today. Find out what options are available to you regarding bankruptcy and the foreclosure process in Arizona.