As bankruptcy attorneys located in Phoenix and surrounding areas such as Scottsdale, Tempe, Avondale, and Prescott, we have a good perspective on the Phoenix real estate market. And, unfortunately, it is not improving. In fact, it continues to deteriorate. Not only are residents of Phoenix not buying real estate now, many potential deals are falling through at the last minute as buyers get “cold feet”. Foreclosures are on pace to be approximately the same as 2010. According to www.phoenixmarkettrends.com, 49.1% of sales are bank owned, which means that there is a great deal of inventory that needs to be cleared before any recovery at all can even begin to occur in Phoenix. Furthermore and also according to www.phoenixmarkettrends.com, 21.9% of the sales in the Phoenix area are short sales.

So, long story short, think hard before buying real estate at this juncture because Phoenix real estate may have to go down a bit further before hitting a bottom. If you are the owner of distressed property and/or are behind in your payments on your house or rental property, please give us a call because we may be able to help your situation with a bankruptcy. A bankruptcy may give you the ability to stay in your home and catch up on your house or rental property payments. Give us a call at 480-845-0145 or contact us through e-mail and schedule a free consultation today so that we can explore your different options.

This article is for informational purposes only and should not be construed as financial advice in any way.

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      Our Locations

      • Phoenix Office – New Wright Law Offices  2999 N. 44th St., Ste 600 Phoenix AZ 85018  Telephone: 602-456-6085 / 866-703-3287 Phoenix Law Office
      • Phoenix Office – Old Wright Law Offices  668 N. 44th St., Ste 320 Phoenix AZ 85008  Telephone: 602-456-6085 / 866-703-3287 Phoenix Law Office
      • Scottsdale Office  Wright Law Offices  7135 East Camelback Road, Ste 230 Scottsdale AZ 85251  Telephone: 480-845-0145 / 866-703-3287 Scottsdale Law Office
      • Tempe Office  Wright Law Offices  2238 S. McClintock Dr. Tempe AZ 85258  Telephone: 480-845-0145 / 866-703-3287 Tempe Law Office
      • Avondale Office Wright Law Offices  12725 W Indian School Rd, Suite E-101 Avondale AZ 85392  Telephone: 623-258-4480 / 866-703-3287 Avondale Law Office
      • Mesa Office Wright Law Offices  4856 E. Baseline Rd. Suite #104 Mesa, AZ 85206 Telephone: 480-845-0145 / 866-703-3287 Mesa Law Office
      • Glendale Office  Wright Law Offices  20325 N. 51st Ave., Suite 134 Glendale, AZ 85308 Telephone: 623-258-4480 / 866-703-3287 Glendale Law Office

      What our clients are saying…

      TOP Rated PHOENIX BANKRUPTCY ATTORNEY
      Mr. Wright and his staff were amazing. They made a negative situation a lot better and turned it into a positive. Could really tell they care helping people and I will refer their Phoenix Bankruptcy Attorney firm to friends and family. Thanks again.
      Tara
      TOP Rated PHOENIX BANKRUPTCY ATTORNEY
      I called around looking for the right bankruptcy lawyer and came across Benjamin Wright. He personally called me for the consultation seeing how I live in Kingman AZ. He was very helpful from the start and his staff was very friendly and explained any questions I had, sorry for all the questions. I would definitely recommend Wright law offices, and I do!! Thanks for everything, you made what seemed like a hard thing to do simple!! You guys rock!!!
      Steffanie
      TOP Rated PHOENIX BANKRUPTCY ATTORNEY
      Great lawyer, he really helped my mother out of a jam. She was totally new to bankruptcy and he talked with us for about an hour and a half to make sure she wouldn’t be worried.
      Damian
      TOP Rated PHOENIX BANKRUPTCY ATTORNEY
      Ben is a kind and down to earth attorney. He worked around my busy schedule as a single mom (school, full-time job, and daycare pick up and drop off times). He explained absolutely everything to me and was good about e-mailing. I am writing this review as a THANK YOU.
      Shannon
      TOP Rated PHOENIX BANKRUPTCY ATTORNEY
      I had a very positive experience with Attorney Wright. He or his staff returned my e-mails and calls promptly (even after business hours occasionally). His fees were reasonable. He was patient with me when I showed up in court missing an important document. He is aggressive, but fair and nice.
      Jenna