Arizona Loan Workouts

Posted on November 20, 2008 in Arizona Law Regarding Business and Real Estate

 

According to the Wall Street Journal, some mortgage companies are slashing the amounts that borrowers owe, deciding that permanent cuts in loan balances may pay off by helping teetering borrowers avoid foreclosure.

There are few lawyers in Arizona who have negotiated more loan workouts than Bill Miller. The most important factors are: (1) Honesty in the original loan applications; (2) The story (why you cannot pay); and (3) Why a workout is better than a foreclosure. If you can satisfy these three factors, a workout is possible, but full disclosure of current assets and your updated financials must be tendered.

4 responses to “Arizona Loan Workouts”

  1. Thanks for the article post.Really thank you! Really Great.

  2. Hey Can anyone recommend a good loan modification specialist? Or do you think I should try this myself. If so, can you recommend a good kit so I will know what not to do?
    Thanks!

  3. I liked this and other blog posts on your blog so much that I have subscribed to your blog’s RSS feed. Keep the good work going by posting informative posts. Thank you.

  4. Just had to take the two seconds to post a thank you. Read through your site and really liked the articles, bookmarked and I plan on returning soon!

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