Faith, Ledyard & Faith PLC
888-350-8767 623-806-8994
COVID-19 NOTIFICATION: To protect your safety and the safety of our staff, in response to the threat of COVID-19, we are offering the option to connect with us via telephone, email and video-conferencing. Our staff are fully operational. Please call or email us to discuss your options.
view our practice areas In the section

Ways to prevent foreclosure in Arizona

Being in a position where you are potentially facing foreclosure is often extremely stressful. It can mean that you are living in fear of losing the life that you are used to, and you are worried about your finances.

When you are in a situation where foreclosure is a possibility, it is important that you take action as soon as possible. Ignoring the problem and hoping that the issue will resolve itself is the worst thing that you can do. The following are some alternatives to foreclosure that you may be able to pursue.

Modifying your mortgage

If you are struggling to pay your mortgage, the first thing that you should do is to speak to your mortgage provider. It is likely they will be happy to do everything that they can to prevent the reality of foreclosure, since it is never a beneficial situation for anyone to be in. They may be able to help you with the modification of your mortgage to make the repayments easier for you to afford.

Filing for a partial claim

You may be able to make a claim with the Federal Housing Administration (FHA) insurance fund with the help of your mortgage provider. This could mean that you are able to catch up on your missed payments so that you can get back in control of your finances.

If you are struggling with missed mortgage repayments, it is important to remember that taking action is vital if you want to avoid losing your home. Make sure that you consider the specifics of your situation and take appropriate action.

Source: FindLaw, "Alternatives to Foreclosure," accessed March 19, 2018

No Comments

Leave a comment
Comment Information
  • Lead Counsel Rated LC
  • Paul Faith David Ledyard Distinguished AV | Peer Review Rated | LexisNexis Martindale-Hubbell | For Ethical Standards & Legal Ability
  • Best Real Estate Lawyers in Phoenix

919 North Dysart Road
Suite F
Avondale, AZ 85323

Toll Free: 888-350-8767
Phone: 623-806-8994
Avondale Law Office Map