Phoenix/Mesa Law Firm Helps Homeowners Avoid Foreclosure

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Phoenix/Mesa law firm of Gibson Ferrin & Riggs, PLC is helping homeowners facing foreclosure keep their home by using loan modifications, interest rate reductions, and obtaining a forbearance.

There are a number of strategies we use with homeowners facing foreclosure, including obtaining a forbearance on past due amounts, interest rate reductions and helping them modify their loan to a low, fixed interest rate

In what's being described as the worst economic recession since World War II, many successful people in Phoenix are on the verge of foreclosure as a result of job loss, decreased business income, and other unexpected life events.

The Phoenix/Mesa law firm of Gibson Ferrin & Riggs, PLC is responding to the needs of local homeowners by assisting them in keeping their homes and avoiding foreclosure. "There are a number of strategies we use with homeowners facing foreclosure, including obtaining a forbearance on past due amounts, interest rate reductions and helping them modify their loan to a low, fixed interest rate," says attorney Michael Ferrin.

Forbearance is when your mortgage company agrees not to foreclose on your home even though you are past due. You or an attorney on your behalf must negotiate the terms with your bank.

Obtaining an interest rate reduction will lower your monthly payments and maybe the total amount owed on your mortgage. For homeowners who have experienced a recent pay decrease or job loss, this can assist them in staying in their home.

Attorney Scott Gibson believes, "Many Arizona homeowners are familiar with the term loan modification, but do not know if they qualify or know how to start the process. We offer them a free consultation and walk alongside them every step of the way. This is an emotionally difficult time for many successful people, but we can only help if they contact us soon enough."

Homeowners who are more than 30 days behind on their mortgage payments, should immediately contact their bank and talk with its loan modification department. If they cannot come to a quick resolution, the next step is to seek the assistance of an attorney experienced in the loan modification process and qualified to negotiate with mortgage banks.

"While many Phoenix attorneys are expert negotiators, very few have experience working directly with banks for homeowners and they do not know how to navigate all the red tape concealed in the loan modification process like we do," states attorney Michael Ferrin.

As a leading Phoenix/Mesa law firm, Gibson Ferrin & Riggs, PLC offers loan modification services to local homeowners. The law firm will provide a free initial consultation to all homeowners more than 30 days behind in their mortgage payments. Gibson Ferrin & Riggs, PLC is celebrating its 10 year anniversary and is an established and well-respected law firm in the Phoenix area.

To see if you qualify for a free consultation for a loan modification or mortgage assistance, please call attorney Michael Ferrin at 480-633-8100 or visit their website at: http://www.gfrlaw.net.

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Frankie Vandehei
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