If you are facing a foreclosure situation on your home, the best thing you can do in this situation is to consult with an AZ real estate lawyer right from the start. You may be feeling overwhelmed with the process and all of the legal happenings that take place with a foreclosure; it can be a very stressful time. This is why seeking the help of an AZ real estate lawyer right away is so imperative; they can help you relieve some of the stress related to the transaction and help it move along smoothly.
When you contact an AZ real estate lawyer here are some of the steps you can expect them to take. First, they’ll want to review your situation with you to better understand what your ultimate goal is. Perhaps you want to try selling the home as a short sale and are wondering if you have enough time to do so? Once your AZ real estate lawyer has determined what your anticipated outcome is, they can help to determine what your final options are. Is your ultimate goal obtainable or do you need to to consider other routes? In conjunction with this, they will explain any incentive programs that may be available to you to help you avoid foreclosure.
Once you and your AZ real estate lawyer have determined which path to take, they will explain all of the AZ real estate laws, timelines and foreclosure ramifications with you. There are certain timelines that your lender has to adhere to as well as timelines that you as a homeowner have when trying to avoid foreclosure. Lastly, your AZ real estate lawyer will discuss what the next steps are should your home be foreclosed on. They’ll help you determine what your housing options are as well as how soon you’ll be able to purchase a home again.
In the grand scheme of things, an AZ real estate lawyer is there to help guide you through the process of a foreclosure all while ensuring that all parties involved in the transaction are adhering to the required laws, timelines and statutes. Having an AZ real estate lawyer by your side throughout the duration of your foreclosure transaction can help the process go smoothly as well as get you started on the right path again once your transaction is completed.