Our Location

Phoenix, Arizona

1425 South Higley Road
Suite 106
Gilbert, AZ 85296
Phone (480) 603-4988
Fax (480) 603-4989

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Practice Areas

Buck Edmunds PLC

Foreclosure Counseling

ARIZONA HOMEOWNERS!
GET EDUCATED……KNOW YOUR OPTIONS

IF YOU ARE CONCERNED ABOUT LOSING YOUR PROPERTY YOU ARE NOT ALONE:

  • There have been 139,121 foreclosure filings in Arizona this year.
  • 17,807 of those took place in August.
  • Arizona was 4th in the nation in foreclosure filings in August.
  • 1 out of every 150 homes received a foreclosure notice.
  • In 2009 there have been 2,626,408 foreclosure filings in the United States. Industry experts say they wouldn't be surprised to see more than 3 million homes go into foreclosure during 2009.
  • Credit Suisse projects that some 8.1 million homes (16% of all residential mortgages) will go through foreclosure during the next four years.
  • "America is in the midst of a home foreclosure catastrophe, unprecedented since the Great Depression." - Congressional Oversight Panel, March 6, 2009.

DON'T GET BULLIED BY THE BANK!

BEFORE you attempt to short sell your property, modify your loan or go into foreclosure, you need to understand your deficiency rights.

What is a deficiency? In Arizona, your deficiency is the difference between the amount you owe on your property and the amount the bank gets from selling your property.

  • Banks are becoming increasingly more aggressive in pursuing homeowners.
  • Some are asking homeowners to sign new notes promising to pay some or all of the deficiency.
  • Because of the Arizona Anti-Deficiency statute some homeowners are not legally responsible for the deficiency.
  • Before you sign anything find out if you are protected.

Buck Edmunds is offering homeowners
a ½ hour consultation for $95.00!

Attorney C. Adam Buck or Douglas G. Edmunds will review your documents, answer all of your questions and provide you with the information you need to make important financial decisions in difficult economic times.

10 OF THE MOST COMMON QUESTIONS FACING
ARIZONA HOMEOWNERS

  • Does the anti-deficiency statute apply to me?
  • Can I be sued and have my wages garnished?
  • TAXES! Will I get a 1099-C - What does it mean?
  • What are the advantages of a short sale?
  • How do loan modifications actually work?
  • What if they foreclose? Will they lock me out?
  • Should I continue to pay my HOA fees?
  • Is bankruptcy an option?

Get answers to these questions and more. By understanding your legal rights you will be better prepared to negotiate with your lender and make sound financial decisions.

Call us now at (480) 603-4988 to schedule your consultation