Phoenix, Arizona (PressExposure) June 26, 2008 -- Record-high foreclosure rates in Arizona have thousands of Phoenix homeowners reeling for options to help them avoid losing their homes. In response to this historic level of need, Arizona Short Sale Office recently announced its grand opening and a broad array of foreclosure assistance services.
Arizona Short Sale Office offers services including loan modification negotiations, loan reinstatements and alternatives to selling properties, which are all aimed at avoiding foreclosure and keeping homeowners in their homes. âThere are nearly 300 notices of default filed in Maricopa County every single day and many of them can be avoided with our services,â said Jamar James, Arizona Short Sale Office Managing Partner.
Specializing in successfully resolving foreclosure situations through out-of-court negotiations, Arizona Short Sale Office offers professional consulting on foreclosure-related processes including creating hardship packages for forbearance, restructuring, deed in lieu of foreclosure, refinancing, buy-back options and credit repair. In addition to a resourceful website, Arizona Short Sale Officeâs staff members are available 24-hours-a-day by phone for immediate assistance.
As the threat of foreclosure looms, many homeowners also find themselves short on funds for making car payments and meeting basic needs. For these individuals, Arizona Short Sale Office also offers part-time and commission-based income opportunities to help homeowners recover from the financial disaster that often accompanies foreclosure. âWe are the only foreclosure assistance program in Arizona that provides this service,â said James.
According to James, a contributing factor to current sky-high foreclosure rates is the fact that many homeowners simply do not know their options and they wait too long to take action. âNow is the time for negotiating with lenders. New legislation has given banks incentives for working with debtors in default and our programs are designed to fully take advantage of these new options,â said James. The Mortgage Forgiveness Debt Relief Act, enacted by Congress in 2007, provides a 3-year window for homeowners to refinance their mortgages without paying taxes on any debt forgiven.
James encourages homeowners who think it is already too late to avoid foreclosure to contact his office. âEven if you have received an auction notice there are still alternatives available to you,â he said.
For more information on qualifying for foreclosure assistance services and answers to frequently asked Arizona foreclosure questions, please visit the Arizona Short Sale Office website at [http://www.arizonashortsaleoffice.com] or for immediate 24-hour assistance, please call 1-800-827-0692.