What the program provides
This is a private loan secured by a lien recorded against the home, not a grant or government program. If approved, funds are usually paid directly to the mortgage servicer to address past-due payments. In some situations, some funds may be paid directly to the homeowner. The amount and use of funds depend on the individual review and written agreement.
The program review is based on available home equity, not a minimum credit score or income requirement. Property and case details still matter.
Payments, costs, and repayment planning
Regular payments are typically not due immediately, and homeowners may make payments if they choose. The loan is secured by a recorded lien. The signed documents control the lien details, costs, payment obligations, repayment date, and other terms.
Costs vary by situation and are explained and disclosed before you sign. Ask questions so you understand the costs, repayment terms, and what happens if the loan is not repaid as agreed.
There is usually a checkpoint after about six months to one year to discuss a repayment strategy. Depending on the homeowner’s circumstances and current interest rates, a strategy may involve a HELOC, second mortgage, or refinancing. These are possibilities to explore, not guaranteed approvals or outcomes.
What happens after you contact us?
Submit the inquiry form with your name, Arizona property address, approximate arrears, mortgage balance or balances, and a way to reach you. We typically reach out the same day.
The first step is to review a current mortgage statement so we can understand the amount past due and the loan balance. We will explain how to provide it. Initial approval decisions are usually made within a day or two after we receive the information needed to review your situation.
If a foreclosure sale is scheduled, tell us the date right away. Emergency funds can be available depending on the amount needed, available home equity and funds, servicer requirements, and time remaining. This can also be subject to your local county’s procedures.
Most reviews are handled remotely. An in-person meeting may be possible depending on where you are in Arizona.
What to gather for an initial review
- Your name and the address of the Arizona property
- The approximate amount past due on your mortgage
- The approximate balance of your first mortgage and any second mortgage
- A current mortgage statement, which we will request after you submit an inquiry
Estimates are fine for the initial form. Do not enter Social Security numbers, mortgage account numbers, or sensitive information in the website form.
Facing a scheduled foreclosure sale?
Contact us right away and include the sale date when you submit your inquiry. We will review the situation promptly. The timing depends on the amount required, available equity and funds, servicer requirements, and the time remaining before sale.
Request a private review
Use the Keep Your Home Arizona inquiry form to start the conversation. It is operated by Residential Capital, LLC, a private company, and is not a government agency or mortgage servicer. Costs, availability, lien details, and repayment terms depend on individual review and the written documents.
Arizona Foreclosure FAQ
How many months behind before foreclosure in Arizona?
For most covered mortgages, federal servicing rules generally prevent the first foreclosure notice or filing until the loan is more than 120 days delinquent, roughly four months; exceptions apply. Arizona then requires a separate trustee-sale notice period: under A.R.S. § 33-808, the auction date can be no sooner than the 91st day after the Notice of Trustee’s Sale is recorded. This is often described as a 90-day minimum notice window. These are separate stages, not a guaranteed auction date based on a fixed number of missed payments. Servicing requirements, postponements, and case-specific circumstances may extend the process.
When is the absolute cutoff to cure my default in Arizona?
For a qualifying default accelerated before the loan’s scheduled maturity, A.R.S. § 33-813 permits reinstatement before 5:00 p.m. Mountain Standard Time (MST) on the last day other than a Saturday or legal holiday before the trustee sale, commonly described as the last business day before the sale. Cure requires the amounts then due, permitted costs and fees, and correction of other defaults, excluding principal due only because of acceleration. Obtain a written reinstatement quote and acceptable payment instructions from the trustee early. Payment must be completed before the cutoff; requesting a quote does not extend it. Confirm the precise deadline and sale cancellation with the trustee.
Are private foreclosure bailout loans available in Arizona?
Private home-equity financing may be available to eligible Arizona homeowners facing foreclosure. Sometimes called foreclosure bailout loans, these are repayable loans secured by the home, not grants or guaranteed relief. Depending on the transaction, a new home-equity lien may fund mortgage arrears and reinstatement costs, or refinancing may pay off the foreclosing loan. Approval depends on available equity, title and lien priority, repayment ability, costs, and time to close. Funding and payment must be completed by the applicable deadline for reinstatement or payoff to stop the trustee sale. Missed payments on the new loan can put the home at risk. An inquiry or preliminary approval does not itself stop or postpone foreclosure.
Sources: 12 CFR 1024.41(f), A.R.S. § 33-808, and A.R.S. § 33-813. Read the Arizona Foreclosure Timeline & Reinstatement Guide for more detail.
General educational information, not legal advice. Residential Capital, LLC reviews each situation individually. Financing is subject to approval and does not guarantee foreclosure relief. Submitting an inquiry does not stop or extend foreclosure deadlines.