Starting The Debt Collection Process So you provided the goods or services, and not been paid. What next? In order to begin the procedure, the business to which money is owed must show each of the following Evidence of Debt – any and all paperwork to show that a service was performed the customer, but [...]

Contract Litigation – Collecting Debts Many businesses in today’s market are finding themselves endlessly waiting for payment from their clients. This all-too-common scenario results when customers refuse to pay for work that has already been completed. For service providers who find themselves tangled up in collecting money owed to them, legal help is available. If [...]

Arizona Foreclosure Timetable Are you an Arizona homeowner who has been having trouble with your mortgage payments? Have you suddenly been faced with letters from your lender saying you are in default of your mortgage? If so, without a proper course of action, you may be in danger of losing your home. The following is [...]

Loan Modification Are you a homeowner who is having trouble making your mortgage payments? Would you like to avoid foreclosure and stay in your home? If so, loan modification is a viable solution that should be explored. This process is the renegotiation of your mortgage loan in order to change the terms of your loan [...]

Deed in Lieu If a property owner does not qualify for the anti-deficiency laws under Arizona statutes, a deficiency judgment against the owner can sometimes be avoided by deeding the property back to the lender prior to foreclosure. This is known as a deed-in-lieu of foreclosure, and the homeowner is giving the property back to [...]

Anti-Deficiency Statute Homeowners who choose short sales as alternatives to foreclosure often wonder if they will be held responsible for the difference between the amount their house sold for and the amount owed on the mortgage. In most cases, the Arizona Anti-Deficiency Statute will protect homeowners from having to financially answer for the deficiency between [...]

Foreclosures and Short Sales Many homeowners are wondering whether a short sale is the right course of action for them in today’s market. This is the third article in a series of posts regarding Arizona foreclosure from the Pak & Moring law firm. Judicial Foreclosures This is a type of foreclosure that is conducted as a [...]

Trustee Sales in Arizona In these market conditions, homeowners are faced with a multitude of options when it comes to the mortgage and foreclosure process. This is the second article in a series of posts on the Pak & Moring website dedicated to educating the public on real estate law topics beginning with the Arizona foreclosure process. Trustee [...]

Arizona Foreclosures: An Introduction Foreclosures When you are no longer able to make payments on your home, your lender make take steps to take back the house as a way of recouping their loan. This is generally known as a foreclosure. There are different types of foreclosures, and each one will have a different impact [...]