The Urban Team Recommends You Use Qualified Legal Counsel Prior To & During A Short Sale

Who Can Help You Make Legal Decisions About a Short Sale

If you have read through much of this site you know we are strong proponents of hiring a qualified short sale, foreclosure and loan modification attorney prior to choosing to sell your home by short sale.  The reasons are pretty simple;

  • You deserve to have an expert inform you of your options and rights.
  • You are asking your lender to change the agreement you signed when you got your mortgage/s. There are legal concerns that most people do not possess the knowledge to address.
  • Your lender may want you to sign documents that are not in your best interest.
  • Real estate agents know a lot about buying and selling property, the dynamics of the real estate market, real estate contracts and more. However, we are neither licenced or skilled to provide opinions or negotiate the contract between you and your lender.

You may wonder who you can turn to for legal advise and representation. Our research is on-going on this subject and we have provided links below to some options. Someone asked if we get a referral fee from any of these firms. The answer is an absolute NO. The options we offer are simply firms we've researched and appear to provide quality services. We encourage you to call the Maricopa County Bar association as well for referrals to appropriate counsel.

Below Are A Variety Legal Resouces For Your Consideration

The Law Firm of Mack, Drucker & Watson...
Full Service Short Sale Negotiations & Legal Services

Mack Drucker & Watson, P.L.L.C. is dedicated to assisting homeowners obtain approval of a short sale of their residential property. Specifically, we are dedicated to effectuating a negotiated settlement with the lender that results in a written agreement providing a release of the homeowner’s lien(s) so the property can be sold to a third-party. This is achieved through win-win situations for both parties by providing homeowners with options to avoid and stop foreclosure, and by allowing lenders to minimize their losses.

We seek to achieve our goals by being the most ethical and professional choice for homeowners. Our endeavor is to make the process smooth, easy, and private while perpetuating honesty and integrity. We endeavor to provide our clients with outstanding customer service, expert knowledge, and unrivaled negotiation skills.

Mack, Drucker & Watson, P.L.L.C.
3200 N. Central Avenue, Ste. 1200
Phoenix, AZ 85012
602-778-9900
Ask for Scott Drucker or the Short Sale Team

The Mortgage Mediation Group (MMG)
Thomson Conant, PLC

The Mortgage Mediation Group (MMG) was formed by the law offices of Thomson Conant, PLC specifically to assist Arizona residential homeowners who are facing the potential loss of their home due to a default on their residential mortgage loan.  MMG is a practice group inside the law firm of Thomson Conant, PLC, and they have a professional staff of attorneys, paralegals, and mortgage professionals.  MMG has the knowledge and experience necessary to achieve the most dynamic resolutions available and to help homeowners in this trouble market. 

If a homeowner no longer desires to remain in the home, then MMG will negotiate with the lender for a short payoff to secure short sale.  This permits the homeowner to achieve a payoff of the existing mortgage for a sum less than the current balance of the mortgage and avoid deficiency claims, minimize damage to credit ratings or similar adverse consequences.  MMG’s affiliate real estate brokers are experts in consummating sales of property in today’s challenging real estate environment. 

Your loan is a legal contract. Your lender has legal rights and ultimately, will advise you that unless you pay in accordance with the loan terms that it will exercise its legal rights by noticing a trustee’s sale or foreclosing on your home.  But you have legal rights too, both under the loan agreement and federal acts such as the Truth in Lending Act, (TILA), the Real Estate Settlement Procedure Act (RESPA) and Home Owner Equity Protection Act (HOEPA).  State and federal laws require mortgage companies to follow these guidelines when originating home loans.  Many mortgage loans have violations of TILA and/or RESPA which MMG can use as leverage when negotiating a favorable settlement for our clients.

You should not submit your personal information or complete and/or sign any documents for a lender without being reviewed by an attorney for the best results.

MMG offers a complimentary consultation to potential clients so they can know their risks, options and legal rights.  For a free consultation please contact us at

Thomson Conant, PLC
2398 E. Camelback Rd., Suite 925
Phoenix, AZ 85016
602.774.3757.

NAGLE LAW GROUP

The Nagle Law Group in North Phoenix offer consultation for people looking at their legal options regarding foreclosure, short-sale, loan modification, strategic default (walk away), and bankruptcy.

They do not handle short sale negotiations or short sale package help, yet they do provide the very important initial consultation and can help during final negotiations between the homeowner and lender during a short sale.

They also publish a thoughtful newsletter covering a number of topical issues. Drop them an email if you would like to receive their publication.

Nagle Law Group
4530 E. Shea Boulevard
Suite 140
Phoenix, AZ  85028
602-595-6951
robert.nagle@naglelaw.com or stuart.pack@naglelaw.com

 

TAKE CHARGE AMERICA
HUD Certified Housing Counseling

Take Charge America, Inc (TCA) is a non-profit housing and credit counseling agency dedicated to helping consumers improve their financial future. They are based in Phoenix and certified by the U.S. Department of Housing and Urban Development. Their services are free and they can help homeowners on a number of levels including:

  • Foreclosure Prevention
  • Credit Counseling & Debt Management
  • Personal Budget Management
  • Credit Counseling & Debt Management

FREE LEGAL SERVICES

Free legal services are available to some home owners considering their options regarding foreclosure, short-sales and other housing and credit issues. Contact Take Charge America and they can direct you to the attorneys who work with this program.

TAKE CHARGE AMERICA
20620 N. 19th Ave
Phoenix, AZ 85027
623-266-6382
www.takechargeamerica.org

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Realty Executives
7600 N. 16th Street Suite 100 • Phoenix, AZ 85020
Main Number 602.234.5777 • Fax: 602.234.5777
Ron Urban's Direct Line 602.234.5777 ext. 0
Gene Urban's Direct Line 602.234.5777 ext. 1

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