Can I get a loan modification if I'm delinquent on my mortgage?

When it comes to loan modifications, the answer is yes, you can get a loan modification in Arizona even if you are delinquent on your mortgage. Under Arizona foreclosure defense law, lenders must give delinquent borrowers an opportunity to modify their loan before beginning the foreclosure process. This means that you are entitled to submit an application for a loan modification, and the lender must provide a good faith estimate of the process and cost associated with it. However, it is important to keep in mind that loan modifications are not guaranteed, and you may still be at risk of foreclosure despite making a modification application. Before submitting an application for a loan modification, you should discuss your financial situation and options with a qualified attorney who specializes in foreclosure defense. An attorney can help you understand your rights and obligations under Arizona law, and may be able to negotiate with the lender on your behalf. It is also important to keep in mind that filing bankruptcy or suing the lender are also options for dealing with delinquent mortgages, but both should only be pursued after consulting with an attorney. If you are unsure of how to proceed, contact an attorney as soon as possible. They can help you explore all of your options, and ensure that you are making the best decision for your financial situation.

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Can I get a loan modification if I'm delinquent on my mortgage?

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