Temporary Phoenix Foreclosure Slowdown an Opportunity to Move Ahead | Legal News | News Ticker
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- Temporary Phoenix Foreclosure Slowdown an Opportunity to Move Ahead | Legal News | News Ticker
For over a year, Phoenix has been among the nation’s leaders in terms of foreclosed homes. This dubious placement has been due to several factors, including the declining real estate market in terms of average value of a home, the suffering jobs market and of course the mortgage market where payments have doubled and in some cases tripled for homeowners who simply could not keep up with those rising numbers. However, November proved to be the lowest month out of the last 32 months in terms of foreclosures, providing those in trouble with an opportunity to put these issues behind them.
The reason for this precipitous drop in Phoenix foreclosures is because several large lenders have either slowed down or halted their ongoing foreclosure efforts altogether amid questions regarding how these foreclosures are being handled. Several banks have been accused of cutting corners in pushing foreclosure documentation forward, and many are either attempting to resolve these problems or to make sure that they are not engaging in practices that could lead to civil liability.
Specifically, 5,607 notices of trustee sales were filed in Phoenix in November, which was down from over 6,700 in the previous month. Actual foreclosures that were completed dropped to just over 2,500, which represents the lowest number in Phoenix in one month since March of 2008. Homeowners should recognize this opportunity to repair whatever financial problems they face. However, experts agree that the rate of foreclosures will pick up in the months ahead as these issues are resolved.
Phoenix Bankruptcy Lawyers
One potential approach that could save a person’s home and get that person out from under a mountain of debt is to seek protection from the United States Bankruptcy Court. This is a step that should initially be taken with the help of experienced Phoenix bankruptcy lawyers who have helped thousands of people put an end to their financial struggles.
The Phillips Law Group recommends the experienced bankruptcy attorneys atPhillips Law Group for all of your bankruptcy needs. Call today to schedule a free initial consultation!
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Phillips Law Group has a proven track record of success. Juan Roque, in particular, is integral to that. He works with integrity, compassion, and an undefeated optimism that makes him a valuable asset.
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I tried a few previous law firms and none would take my car accident case with confidence they could get my anything. Phillips law group took my case and although it took around 4 years to get this case settled as I was in treatment, they never let up with insurance adjusters and they got me as much money as possible. They worked hard for me and advocated for me. Shoutout to key individuals who worked my case nonstop of the years, Robert Ross & Jasmine, you are AMAZING!
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I would have no hesitation at all recommending Phillips Law Group. In particular, Juan Roque has impressed me with his professionalism, his integrity and his heart for the community!
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My Attorney Sean Davis and his paralegal Hannah Dustin worked on my case. They listened to the problems that I was having with my case and they both got right to work. First they found me a doctor that actually listened to my problems from my car accident and worked quickly to form a plan that was comfortable for me and the doctor. The doctor was the best and after a couple of procedures the pain in my neck was gone. Behind the scenes Sean and Hannah were working hard to get my case settled with the insurance company. They kept in contact with me on all aspects of my case. They settled my case much faster than I expected and for more than I was expecting. If you want two real professional legal people to work on your case, I would highly recommend Sean and Hannah to you. I cannot say enough nice things about these two. Thank you so much, Rickey Hart .
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Phillips Law Group provides a collaborative environment in which both attorneys and staff work together to achieve the best outcome for clients. As an attorney here at PLG, I’m lucky to be surrounded by seasoned attorneys and knowledgeable staff that share my enthusiasm for helping accident victims. The team here at PLG treats clients with respect and empathy while fighting hard to get the results they deserve.
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Jasmine , did a great job . Highly recommend!!!!!
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Jon Jamieson was amazing to work with . He came through with all of his promises.
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Phillips law group is the best around!
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Phillips law group has an amazing staff and i recommend them to everyone.