Phoenix foreclosures and what people can do

 

Foreclosures by Council District

2007

2008

% Change

1 ~ Thelda Williams, 602-262-7444

185

699

278%

2 ~ Peggy Neely, 602-262-7445

190

585

208%

3 ~ Maria Baier, 602-262-7441

128

336

163%

4 ~ Tom Simplot, 602-262-7447

92

451

390%

5 ~ Claude Mattox, 602-262-7446

196

871

344%

6 ~ Greg Stanton, 602-262-7491

91

291

220%

7 ~ Michael Nowakowski, 262-7492

378

1,571

316%

8 ~ Michael Johnson, 262-7493

125

465

272%

Total

1,385

5,269

280%

Note: Numbers are from FY2007 and FY2008 (through March); Source: City of Phoenix Neighborhood Services Department.

Here are three agencies that can help distressed homeowners who may be facing foreclosure or homeowners already in foreclosure:

  • HOPE Hotline has a single mission: To help homeowners avoid foreclosure.  Call toll-free 888-995-4673; website.
  • Maricopa County Community Legal Services: 305 S. 2nd Ave., Phoenix, AZ 85036-1538; phone: 602-258-3434; toll-free: 1-800-852-9075; Rescue Foreclosure: 602-682-3410.
  • Association of Community Organizations for Reform Now (ACORN) Housing Corp.: 1018 W. Roosevelt St., Phoenix, AZ 85007; phone: 602-253-1111; website.

Ways to avoid being a victim of a foreclosure scam (Source: Arizona Department of Financial Institutions):

  • Contact your lender immediately to implement a “work out” program or a plan, if you fall behind on your mortgage payment.
  • If you cannot bring your mortgage payments current, think about selling your home and keeping the equity you have built up.
  • Enlist the services of a reputable licensed real estate professional.  Check with the Arizona Department of Real Estate for licensed real estate professionals.
  • DO NOT sign documents with blank spaces or blank documents.
  • DO NOT sign any documents that you do not understand.
  • DO NOT ignore lender “warning letters.”

If you think you are a victim of a foreclosure rescue scam, fill out and sign a formal written complaint form with the Arizona Department of Financial Institutions.  You must provide a detailed timeline of the events and the entities and persons involved along with all corresponding documentation.

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