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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Great experience! Took care of pretty much everything, and I always felt like I want in good hands. Caroline Fa. was also a great help with everything. She always returned my calls and I never felt unheard. Even after my case she would still help me with my insurance documents.
I have been with Phillips Law Group for a little over a year and I have learned what teamwork and family in a workplace looks like. There is always someone around to lend a helping hand, which is something I appreciate and cherish. I feel a sense of joy coming to work every day because of my co-workers as well as being able to help people in what can be a scary and stressful situation. I currently work as a Litigation Legal Assistant with an amazing team. When I started here, I was not very knowledgeable in personal injury. I was lucky to have been placed with an amazing team who was willing to take time to teach and pass on some great skills that have been a huge aid in helping me be successful in my position. I would recommend working here at Phillips Law Group, because they care about their employees and there is so much room for growth.
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 .
I enjoy my work day here at Phillips Law Group and generally speaking I love my clients. Every day brings a new client or task to keep me on my toes. Administration keeps open communication and is hilarious most of the time! I love the way we celebrate FRIDAY, holidays and birthdays and how everything is so competitive. All in all I’m so fortunate to be here and I enjoy what I do.
A friend of mine recommended Phillips Law and I’m so grateful, because they were so wonderful, so down to earth, so professional. I felt like they were family.
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.
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.
Jon Jamieson was amazing to work with . He came through with all of his promises.
Many companies talk about teamwork but few practice it. Many companies talk about an employee friendly environment but few actually provide it. At Phillips Law Group the foundation of our success is making sure we work as a team and that we work in an environment that allows everyone to thrive and be at their best every day. Our firm understands that in order for the client to have a great experience the people responsible for that client’s case must be given all the necessary tools and encouragement to make that happen. That’s the Phillips Way. As a manager of this firm in charge of several employees as well as directly affecting the client’s experience I take tremendous pride in saying we live by these premises and we work hard to build on them and make them better every day. This is an amazing place because it has amazing people working here!
Although my accident was fortunately not a major one, The Phillips Law Group AZ treated it as such. Their staff, specifically Mr Juan Roque was very professional, courteous and most importantly very informative. Mr Roque's attentive service was phenomenal and I highly recommend this firm!