Mortgage Modification Lawyers Work for You Now

We accept cases throughout the entire State of Arizona.

Phillips & Associates, the Arizona law firm you know and trust since 1993, has assembled a dream team of former debt specialists, mortgage bankers, loan specialists and mortgage underwriter specialists to assist homeowners in Arizona who seek help to get their home loans modified.

While some people recommend that you contact a mortgage broker to secure another loan, that is simply not a realistic option considering that many homeowners owe more on their home than it is currently worth and considering the current credit squeeze gripping the banking industry this most likely will not work.

The key to a successful home loan modification begins with a realistic home value, loan amount and interest rate to insure that the payments are affordable and that the consumer is not just another one of the 50% who fails to service their mortgage even after their loan is modified with their mortgage holder.

It is hard to tell how long this program will be available to consumers; therefore, people are urged to take a proactive approach and not wait until the lenders discontinue accepting packages for loan modification.

Although there is no guarantee, we expect that many people will reduce the amount they owe on their house, i.e., the principal, interest rates will be slashed and the total payment amount on homes will be reduced significantly. There is no strict criteria as to what size or price range of a home will qualify; however, the documentation is extremely complex and laborious and must be submitted in a complete package in order to be successful.

Currently, there are tens of thousands of Arizona homeowners who bought homes with inflated values using creative mortgages at high interest rates. Most homeowners had good intentions when they purchased their homes and were not prepared for the rapidly increasing payments and even faster falling mortgage values.

The real estate industry is in complete disarray and much of the fault lies with the mortgage brokers and lenders whose sole motivation was to make a quick buck at the homeowner’s expense.

To this extent, homeowners should be aware of mortgage brokers’ advertising their services for home loan modifications. Remember, it is many of these same mortgage brokers who offered up and signed off on the loans that are now drowning homeowners in debt. Many homeowners have been victimized by a number of dishonest mortgage brokers and other real estate professionals who continue to prey upon the consumers.

If you are in Arizona and this describes your situation to any degree, you have a chance to save your home, not to mention severe damage to your personal credit.

There is no time to waste in submitting your loan modification package and moving towards a solution to save your home! You need more than just an attorney, you need a team of professionals who understand finance, budget, debt relief, mortgage underwriting and debt to income ratios to have a fair chance to be successful in your home loan modification and be able to maintain your home in the years to come. That is why Phillips & Associates has assembled a home loan dream team to make sure you have every option available to you to get you out of this mess and allow you to save your home.

So where should you turn for the help you need?
If you are serious about obtaining a loan modification and saving your home, contact the team of professionals at Phillips & Associates Law Firm.
You do not need just an attorney, you need a team of professionals who understand your situation, know who to contact and can put together a package that will work for you and has a realistic chance of being approved by your lender. Here is a list of reasons why you should trust your home loan modification to the team of professionals at Phillips & Associates:
Many homeowners or unqualified people they hire actually disqualify themselves because they do not know what they are doing. Moreover, they may disclose certain issues and information that may result in serious problems that the home owner never considered.

• All communication between you and the professionals at Phillips & Associates will be confidential and protected by the “Attorney-Client Privilege.”
• Phillips & Associates’ professionals have a full understanding of the appropriate laws and will be able to quickly and effectively handle your loan modification.
• Phillips & Associates’ team of former mortgage bankers, underwriters, debt specialists and loan specialists have extensive knowledge in all aspects of mortgages, lending, how to package a mortgage application and how to successfully modify a mortgage situation to afford you a fair opportunity to keep your home and most importantly be able to afford to pay for it.
• Phillips & Associates’ professionals have extensive experience in aggressive negotiations to insure that your interests are protected and that your situation is resolved and not simply an extension of time until you lose your home.

There are myriad of real estate laws and regulations in Arizona that could come into play with any mortgage situation. Every case is different; therefore all factors must be examined very closely. It is very important to examine what type of mortgage you agreed to, how it was represented to you and what was provided in the written language of your mortgage documents. Our attorneys, experienced Mortgage Banker Professionals, and underwriters have a good understanding of Arizona’s laws and regulations and will be able to help you find out if your mortgage was a product of predatory lending or if there were failures to disclose information on the part of either your broker or the underwriting financial institution, this is just a start of what needs to be discovered.

Foreclosure Help for Arizona Homeowners

If you are having problems making the monthly payments on your home and/or you are currently facing foreclosure on your home, you need to act now! The negotiation process will not stop a foreclosure; however, there are other options available to you if it is necessary to protect your home. It is in your best interest to hire a team of professionals to negotiate and resolve your mortgage situation before your home is posted for foreclosure or you lose your home and miss out on the opportunity to reduce the amount you owe on your home, your interest rate and your monthly mortgage payments.

Mortgage companies are showing an increasing willingness to negotiate a loan that is in arrears and in danger of foreclosure as when this happens the mortgage company faces the possibility of incurring substantial costs. Now is the time to act!

We can actually discuss with you by telephone, in the privacy of your own home, the preliminary information that is necessary to see if you may qualify for a home loan modification so contact Phillips & Associates now for a free confidential telephone appointment or, an immediate appointment to come in to one of our offices. Call, 1-800-706-3000 Statewide or local 602-258-8888 24 hours a day, every day!