Foreclosure Lawyer Prescott, AZ

Foreclosure Lawyer Prescott, AZ2024-04-11T05:50:53-07:00

Arizona home foreclosures are still rising, and many homeowners who thought they’d found their forever home are now facing a legal nightmare. A job loss, unexpected medical bills, divorce, or simply bad luck can land many people a few months behind on their mortgage payments. If you’ve gotten a notice about a pending bank foreclosure on your Prescott home, it may feel like the end of the world. But, you do have legal rights, and a Prescott, AZ, foreclosure lawyer can help you assert them. Call Wright Law Offices today to learn more – you only have a short window of time to act!

How Can A Prescott Foreclosure Lawyer Help Me?

We know that many factors contribute to foreclosure, and so we take a personalized approach to your foreclosure defense. We can analyze your situation to determine the best course of action to protect your credit, home, and finances. Our goal is to settle your case quickly so you can get started in a new direction, whether it’s a short sale, reduced payments, or another option.

Our approach largely depends on where you stand in the foreclosure process and how far along the action is. If you are in pre-foreclosure, for example, you may have more options than you will if the lender has already filed the foreclosure lawsuit. However, no matter where you are, our attorneys can still help you. Our active defense and skilled negotiating tactics can bring about a solution that works for all parties. We can also help you with responding to bank notices, court actions, and settlement negotiations.

Protecting Your Home And Family

If you’re behind on your mortgage payments, you may have the option for a short sale, in which you sell the house for less than the amount owed on the loan. However, it’s best to talk to a lawyer first, as a short sale could leave you without a home and still in debt. You may incur a larger tax burden than you can pay or be liable for the deficiency amount (the difference between your outstanding loan amount and the house’s sale amount). You’ll likely also be responsible for paying off associated debt with this and see a large hit on your credit score.

A foreclosure could drop your credit score by almost 300 points, impacting your ability to purchase or rent a new place to live. You may also face trouble with the IRS. It views borrowed money that hasn’t been repaid as income and, therefore, taxable. An experienced foreclosure law firm in Prescott can help you avoid the worst of the financial fallout from a foreclosure.

Learn What To Do When Facing Foreclosure

Our trusted Prescott, AZ foreclosure lawyer knows that owning a home is a significant achievement, but unexpected financial difficulties can sometimes threaten that dream. If you’re facing foreclosure, it’s crucial to understand your options and take decisive action. Here at Wright Law Offices, we know this can be a stressful time, and we’re here to guide you through the process. When you work with us, you will have access to 24-hour assistance with the help of out network of bankruptcy professionals.

Understanding The Foreclosure Process

The foreclosure process varies slightly by state, but generally follows a similar timeline. Typically, lenders are required to follow specific procedures before taking possession of your property. Early intervention is key. Once you receive a default notice, it’s time to act.

Loss Mitigation

As your foreclosure lawyer in Prescott can tell you, your lender is obligated to consider loss mitigation options. This might include a loan modification, which could adjust your loan terms, lowering your monthly payment and making it more manageable. We can represent you in negotiations with your lender to explore these possibilities.

Catch-Up Agreement

If you’ve missed a few payments but can afford to bring the loan current, a catch-up agreement might be an option. This involves creating a plan to repay the missed amount along with your regular monthly payments.

Forbearance Agreement

If you’re experiencing a temporary financial hardship, a forbearance agreement could provide some breathing room. This agreement pauses or reduces your monthly payments for a set period, allowing you to catch up later.

Short Sale

If the value of your property has fallen below your mortgage balance, a short sale might be a viable option. In this scenario, you sell the house with your lender’s approval, even if the proceeds from the sale don’t cover the entire loan amount.

Making Informed Decisions

The best course of action depends on your specific circumstances. Financial factors like your income, expenses, and the value of your home all play a role. We can help you evaluate your options and develop a personalized strategy to address your situation.

Protecting Your Rights

Foreclosure laws are complex, and navigating the process alone can be overwhelming. An experienced foreclosure defense attorney can ensure your rights are protected throughout the process. Our team can review your case, identify any errors in the foreclosure proceedings, and represent you in court if necessary.

Moving Forward With Confidence

Facing foreclosure is a difficult situation, but you don’t have to go through it alone. With the right legal guidance and a clear understanding of your options, you can explore solutions to save your home or navigate a smoother transition if selling becomes necessary. Wright Law Offices is here to provide the support and expertise you need during this challenging time. Don’t wait until it’s too late. Because we have such a small firm, we are able to give you high-quality service and focus on working with your needs. If you’re facing foreclosure, contact our team today for a consultation. We’ll work with you to explore your options and develop a plan to move forward with confidence. Speak with our foreclosure lawyer in AZ now.

Your Trusted Legal Team

Have you recently received a notice of foreclosure, or are you worried that you will soon? At Wright Law Offices, we understand your stress and worry. We can help you find a solution with your mortgage lender and protect your home and family. Our depth of knowledge of Arizona foreclosure laws and our fierce negotiation skills make us the right pick to help you protect everything you’ve worked so hard for. Call us today to get started.

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    "Benjamin Wright with Wright Law Office made a very difficult time for us much easier. We were struggling and did not know what our options were. He explained all our options and helped us to make the best financial decision. They made things easy and were always available to answer any questions we had. I would definitely recommend him."
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    Great question. Here are a few reasons:

    • 1. Bankruptcy is our sole area of practice. Attorney Wright has over 10 years of experience in the field of bankruptcy and has helped over 1000 people successfully file.
    • 2. Attorney Wright has an accounting background that is useful in analyzing complex financial documents. Prior to law school he obtained a degree in accounting from the University of Wisconsin School of Business. He exercised his strong numerical aptitude in the field of accounting, including several years with The Kohler Co., before ultimately deciding to pursue a law degree.
    • 3. New clients meet with an attorney during their first visit. We understand your time is valuable. It is important your questions are answered quickly and accurately so you can take appropriate steps to secure a better financial future and eliminate fear and stress.
    • 4. In business, referrals are the highest form of professional compliment. We frequently receive referrals from other lawyers and previous clients.
    • 5. Our firm is small which enables us to focus on quality over quantity. We don’t have billboards on the I-10 or banners affixed to public transportation. Our approach is a bit more understated. We care about people and doing things right and it shows in our low employee turnover and positive reviews.
    • 6. Perhaps the most important consideration is the cost of filing bankruptcy. We continuously assess our fees to ensure we offer fair and competitive pricing. We want to offer you a deal without sacrificing the quality of your experience.
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      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.


      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!!!


      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.


      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.


      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.


      Bankruptcy Myths Debunked

      Navigating the complexities of bankruptcy can be a challenging journey, filled with misconceptions and myths that often deter individuals from [...]

      For individuals who maintain a steady income but are grappling with debts that need more time to be cleared, Chapter 13 bankruptcy could provide a viable solution. This form of bankruptcy enables debtors to retain their property while adhering to a three to five-year repayment plan. In Scottsdale, the bankruptcy attorneys at Wright Law Offices utilize their expertise in developing personalized Chapter 13 plans that are uniquely designed to suit your circumstances and work in your favor.

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      The prospect of foreclosure can make it seem like your world is tumbling down. Yet, it's vital to remember that there are legal routes available to navigate this challenging situation. Foreclosure is a process initiated by lenders when mortgage payments are overdue, leading them to recover their loan by selling your property. While it sounds intimidating, our adept team at Wright Law Offices in Tempe is here to assist. We guide you through every step of the process, thoroughly exploring all viable options, such as loan modification, bankruptcy, or even contesting the foreclosure in court.

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