Arizona has been hit harder than most states in the current housing crisis. Tens of thousands of families across the state have lost their home to a foreclosure filing, and are struggling with paying their mortgage. Homeowners do have some resources and options available to them to get assistance. One of them includes the Lawyers Helping Homeowners program.
Hundreds of attorneys, paralegals and lawyers across the state are donating their time and services to help and prevent individuals and families from losing their homes to foreclosure. These attorneys realize that keeping people in their homes helps stabilize the local economy, it increases family security, and it is the right thing to do. This Lawyers Helping Homeowners initiative is free to homeowners. It was started and is being coordinated by the Arizona Foundation for Legal Services & Education, the State Bar of Arizona, and the Arizona Supreme Court. Unfortunately it will not be able to save all homes from a foreclosure filing. However it will offer people hope, options, opportunity, and counseling to many people who might otherwise have no options or nowhere to turn to for assistance.
The assistance program offers Arizona homeowners a number of options and free advice. The program calls upon volunteer lawyers across the state to assist homeowners in working with their banks and lenders. The attorneys will mediate and negotiate with the lender in an effort to find a solution. They will do whatever they can to find appropriate financial arrangements to help the family avoid foreclosure.
The attorneys will work with the lenders, banks, homeowners and other parties if need be. They will explore loan modifications, forbearance agreements, short sales, and any other options. Find various ways to stop a foreclosure.
One of the keys to the process is foreclosure mediation. This is when the lawyer will get all parties to talk and discuss some way to find a plan that will benefit both parties. They want to keep the homeowner in their home, and limit the lenders costs and financial losses.
To apply or learn more, contact your local community action agency, or dial 602-682-3410. Unfortunately there is tremendous demand for foreclosure and mortgage counseling across Arizona. With this current demand, it is now taking a few weeks for someone to contact you from the Lawyers Helping Homeowners program. Please be patient.
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