Some would say the mortgage crisis problem in Arizona is beginning to correct. Others, however, point to the fact that Arizona is second only to Nevada in the number of foreclosures and assert that the situation with foreclosures has not improved.
For those folks who are presently struggling with mortgage issues, help is out there. One resource that would likely be particularly helpful is the Don't Borrow Trouble(r) hotline at 520-792-3087. The people staffing the line can provide information directly and/or direct callers to housing counselors who can serve as a liaison between the lender and the borrower. In addition, the Arizona Foreclosure Help-Line at 877-448-1211 (operated by the Arizona Dept. of Housing) is a toll-free resource.
If you need help and have access to the Internet, check out http://www.azpbs.org/mortgagecrisis/event.htm for detailed information and assistance. For a list of housing counselors, to to the AZ Dept of Housing webvsite at http://www.housingaz.com and for more information on the federal effort to help out homeowners, go to http://www.makinghomeaffordable.gov. At any rate, don't wait. Act now if you're having financial problems and you are in danger of losing your home.


