questions & answers

Question: we are currently listed as owner's to a mortgage but signed transfer of property- deed papers to an investor of whom we have been making monthly payments to. We have been informed by the mortgage that our payments have not been submitted and that we will soon be in foreclosure. What can we do? This investor promised to assume the mortage as well as the property but really only filed tranfer of property and continues to collect our money, of which has been steady each month.

Answer: Arizona Revised Statute 33-702 defines how to prove you have transferred a mortgage. However, foreclosure is a complex area of law and you may want to speak with an attorney to avoid any unwanted consequences. Please contact your local legal aid agency through the online portal located here. Legal aid is currently able to assist a wider population for foreclosure and foreclosure related issues and we strongly encourage anyone with these issues to apply.