Arizona is one of five states included in a $1.5 billion federal program designed to help homeowners avoid foreclosure. Reginald Givens, a Foreclosure Assistance Administrator for the Arizona Housing Department,explains how the program works.
The Civil Justice Clinic, part of ASU’s Sandra Day O’Connor College of Law, has established a Homeowner Advocacy Unit that will provide legal assistance to homeowners facing mortgage fraud and foreclosure, while giving law students an opportunity to gain real-life legal experience. Director of the unit, Mary Ellen Natale and ASU law students Barbara Strnad and Kyle Robertson discuss the program.
For the first time in two years, foreclosures represent less than 30% of all existing home transactions in the Phoenix-area housing market. ASU Real Estate Professor Emeritus Jay Butler discusses the latest trends and statistics.
Recent changes to a state foreclosure law may have unintended consequences. The changes were an attempt to protect banks from financial losses when they foreclose on homes purchased by speculators. Critics say the changes go too far and may cause a new wave of bankruptcies. Tanya Wheeless of the Arizona Bankers Association and Scottsdale-based bankruptcy attorney, Randy Nussbaum discuss the law set to take effect September 30th.
Phoenix attorney Diane Drain, an expert in foreclosure and bankruptcy law, explains why people who are facing foreclosure need to know their rights, options, and the legal consequences of their actions.
In the current real estate market, more people are facing foreclosure and bankruptcy. Attorney Diane Drain, a real estate and bankruptcy specialist, explains how homeowners can avoid foreclosure and, if necessary, file for bankruptcy.
In the current real estate market, more people are facing foreclosure and bankruptcy. Attorney Diane Drain, who specializes in both real estate and bankruptcy, explains how homeowners can avoid foreclosure and, if necessary, how to file for bankruptcy.