What can I do if I am facing foreclosure?

If you are facing foreclosure in Arizona, you have several options for defending yourself and preventing foreclosure. The first step is to contact the lender or servicer and explain your situation. Ask for a loan modification, refinance, or repayment plan to help reduce the amount owed and make payments more manageable. You can also contact a HUD-approved housing counselor for free advice and assistance. You may even be able to take advantage of targeted programs like the Home Affordable Modification Program (HAMP) to make payments more affordable. If you’d rather keep your home, consider filing for a forbearance, repayment plan, or loan modification in order to reduce your payments. This may require you to negotiate with your lender to come to an agreement that works for both of you. Finally, if you’d rather not keep your home, you can seek help negotiating a short sale or deed-in-lieu of foreclosure. These options can help you avoid foreclosure while potentially freeing up some of your financial resources. These are just some of the options available to you if you are facing foreclosure in Arizona. Be sure to do your own research into all of the different defenses available to you and make sure to seek the help of a qualified attorney to guide you through the process.

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What can I do if I am facing foreclosure?

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