Phoenix Loan Modification Attorneys
Arizona currently has the worst housing market in the United States. Many homeowners are strapped by an unmanageable mortgage and need to take decisive action before the property goes into foreclosure.
The Phoenix law firm of Platt & Westby, P.C., is dedicated to helping clients during the good times and the bad. For most Arizona homeowners, the economic downturn has caused a situation where they cannot afford their home, nor can they sell it. Yet with most lenders out of state or even out of the country, lenders do not understand the extreme housing situation in Arizona—therefore homeowners are not extended any sympathy.
Our attorneys provide experienced legal representation to homeowners in Phoenix and surrounding areas. We assist homeowners with exploring avenues to reduce monthly mortgage payments, such as lien stripping (removing second mortgages), filing for Chapter 13 bankruptcy or negotiating loan modifications.
In negotiating loan modifications with your lender(s), we focus on payment reduction through a variety of means:
- Reducing the interest rate
- Changing a variable rate to a low, fixed rate
- Reducing the principal amount of the loan to the current fair market value of the property
- Adjusting other terms of the mortgage
Experienced Lawyers Trusted Since 1973
It is important to have an experienced lawyer in your corner when pursuing a loan modification. Not only is it difficult to get anywhere without an attorney, any resolution you do obtain may not be as solid as you are led to believe. Our attorneys will take necessary precautions to ensure your interests are protected.
We serve clients from six office locations in the Phoenix area. Contact us to schedule an appointment with a Phoenix real estate attorney at Platt & Westby.
