What you should know about Foreclosure in by Adela Alexander

Understanding Wrongful Foreclosure

If you are one of the many homeowners who have suffered foreclosure or are on the brink of foreclosure, do not worry you have options and the fight is not over just yet!

However, I cannot underscore the importance of time and taking action immediately. In Arizona, the trustee starts the foreclosure process by the recording of a notice of sale in the county recorder's office. The sale date can't be sooner than the 91st day after the notice of sale's recording date. (Ariz. Rev. Stat. § 33-808 (C)(1) (2024).) Not only is the clock ticking on the inevitable trustee sale scheduled to take place approximately 3 months after the recording; interest, fees, costs and penalties are being added to the balance thereby inflating it and forcing you to pay back substantially more than due. In many situations the reason the borrower loses their home is simply because they waited too long to act. While it will take some effort on your behalf, there are options available to you and the sooner you take action the more options you will have to save your home.

Your plan of attack will be directly dependent on your particular situation and our hands on expertise will guide you through the entire process of selecting the most appropriate approach and carrying it through. Help us help you.

What If Scenarios

  • Best-Case Scenario: A trustee sale has not taken place yet
  • A trustee sale took place, but the lender redeemed their property on a credit bid since there was no third party bona fide purchaser
  • The party was sold to a third party bona fide purchaser after the trustee sale took place
  • Worst-Case Scenario: A trustee sale took place, your property was sold, and you are now being evicted due to unlawful detainer action against you (Even in this situation we have filed lawsuits and helped people enter into modifications and save their properties)

Recent Results

  • Permanent loan modification granted, and trustee sale rescinded via lawsuit. Sheriff’s lock out prevented despite being subject to immediate eviction.
  • Client provided with permanent a loan modification and $30,000.00 settlement.
  • Client provided with $25,000.00 settlement after unlawful trustee sale took place a few years prior.
  • Client provided with a loan modification review and still in property despite having gotten a judgment for eviction over a year ago.
  • Senior citizen couple kept their home of 30 years with an affordable modification that reduced $180,000.00 from the principal amount and provided them with a fixed affordable monthly payment.
  • $1.7 million mortgage modified to allow for $1.3 million to be deferred without interest for 15 years resulting in a monthly principal and interest rate of $1,400.00.
  • Countless modifications since 2009.


* Results vary and may be from different jurisdictions and/or resulting from litigation settlement

BIO

Adela Alexander (formerly Adela Ulloa) has been practicing law in California since 2005 (Bar #238540).

She was admitted into Arizona in 2006 (Bar #024578), and into New York in 2007 (Bar #4549945). In 2008 upon the market crashing, Ms. Alexander shifted her focus to helping homeowners navigate their inability to make their mortgage payments while maintaining their home. Ms. Alexander started her own firm in 2009 and began filing lawsuits to address the various violations by servicers in allegedly reviewing borrowers for loss mitigation options. Ms. Alexander did not lose a home on her watch for the majority of her career. She continues to dedicate her practice to keeping clients in their homes, and does so with affordable monthly payments intended to ease any associated burden.

FAQ

How do I book an appointment?

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You can book an appointment directly through our online scheduler. Simply select a time that works best for you. Once booked, you’ll receive a confirmation email with all the details.

What services do you offer?

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Our loss mitigation team specializes in foreclosure prevention, loan modification assistance, and providing legal strategies to help you save your home. We also assist with forbearance agreements, repayment plans, and other solutions tailored to your situation.

How can I contact your team?

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You can reach us by phone at 833-833-2717, email us at adela@azulegal.com, or use the contact form on our website. For immediate assistance, booking an appointment is the fastest way to connect with one of our experts.

What if I miss my scheduled appointment?

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If you miss your appointment, you can reschedule using the link provided in your confirmation email or by contacting us directly. We recommend notifying us at least 24 hours in advance to avoid disruptions and to ensure we can provide timely assistance to all our clients.

How do I prepare for my consultation?

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To make the most of your consultation, please gather any relevant documents, such as notices from your lender, mortgage statements, and correspondence regarding your case. Be prepared to discuss your financial situation and goals so our team can tailor solutions to your needs.

Can I get assistance if I’m in a different state?

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Unfortunately, our law firm only provides services for clients within Arizona. If you are located outside this state, we recommend consulting with a local attorney specializing in foreclosure prevention or loss mitigation in your area.

Is there a fee for the initial consultation?

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No, your initial consultation with our loss mitigation team is completely free. This allows us to understand your situation and provide an overview of potential solutions at no cost.

How long does it take to resolve a case?

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The time required to resolve your case depends on its complexity and the specific solution you pursue. On average, it can take several weeks to a few months. During your consultation, we’ll provide a more accurate timeline based on your situation.