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2 N Central Ave #1800, Phoenix, AZ 85004

Foreclosure Assistance

Facing a foreclosure can be one of the most stressful things in our lives. You’ve worked hard and purchased the house you love, only to have it all threatened due to an unplanned event. The pandemic showed us how life could change overnight, and the unthinkable can come to pass. Millions faced the inability to pay their mortgages while banks offered no support.

Current real estate conditions have ballooned the cost of housing across Arizona, making it difficult for many Arizonans to afford the cost of living amid economic uncertainty and high inflation. At Hard Money Lenders Arizona, we offer you our deepest sympathy during this time and want to help you stay in your home.

Get Funded Today

If you prefer to email us, fill out the form below and an associate will contact you to review the loan scenario and provide a quote.

What Does Foreclosure Mean?

There are action items that need to be of the highest of priorities once the foreclosure process begins. These are:


 Don’t ignore it – It is not uncommon for borrowers to not want to deal with the problem out of fear of addressing what a foreclosure might mean for them. The further behind you become, the more likely you can lose your home.

Contact the lender immediately – The lender’s goal is to save themselves time and money from having to carry out the process. They don’t want your home during most periods and want to talk to you.

Read all of your mail – The communications you receive from your lender offer information about ways to prevent the process. Your mail also informs you of important dates in the process.

Understand your rights – Every state is different. Arizona has some protections, but they are nowhere near as stringent as some other states.

Cut your spending – This can seem impossible in a time of high inflation and challenging financial conditions. Look for expenses that might be luxuries and cut them.

Use assets you have – You might own assets that can be sold for cash, like a car or a whole life insurance policy, and can help you reinstate your loan. Even if you’re not able to fully cover the past due amount, you demonstrate to the lender that you’re making sacrifices and want to retain your home.

Request a forbearance – A forbearance allows families that have fallen beyond to put their payments on hold for some time. This period gives you a chance to get back on your feet before paying back the amount owed at the end of that defined period. A forbearance does create an issue of needing to repay the amount plus make regular mortgage payments at the end of the forbearance period either as a lump sum or part of a repayment plan.

Apply for a loan modification – A loan modification can help you lower payments by extending the period of your loan, lowering interest rates, or both. The modification is to reduce your payments to a manageable amount. Often the lender will require several payments made on time before finalizing the modification terms.

Look at hard money lending – Sometimes, you need a solution that resets everything. Assets might not be available to sell, and cutting spending further isn’t possible. Reinstating your loan and getting life back on track is your best option. Hard money lending is your best bet to getting the cash you need to be back on track other than private funding from a friend or family member. Traditional loans and home equity lines might be available during foreclosure, whereas hard money lending is available.


Foreclosure is mitigated and kept off your financial record by conducting a short sale or signing a deed in lieu of foreclosure. Both options end up giving up your home. High real estate prices also mean high rents post-pandemic, and the goal is to keep you in your home. These are options only of last resort, and we are committed to making sure they never need to happen.

Everyone deserves their realization of the American Dream. You’ve been affected by circumstances out of your control. Your dream needn’t be taken away and holding on to that dream matters.

Contact Hard Money Lenders Arizona anytime, to speak with one of our very helpful and highly knowledgeable loan specialists about your property investment funding in Arizona
Excellent4.9 Based on 204 reviews fromSean C.Sean C. ★★★★★ I had the pleasure of working with Michael to secure a loan for our home. He was able to gather our information, and close, record, and fund the loan within 10 days! the process was the least painful loan process I've experienced. The timing was perfect, we needed the good news and the great experience. Thanks again Michael we really appreciate it.Response from the ownerSean, thank you so juch!! Was a true pleasure to work with you. You made me look good! Looking forward to working with you again!!! John B.John B. ★★★★★ Michael is a pleasure to work with. He strives to make sure every aspect of the lending process is made clear and works hard to make sure things get taken care of ASAP.Taylor S.Taylor S. ★★★★★ Michael gets it done! If there is a deal that has any obstacles, like one I was recently working, Michael is a true deal saver. Highly recommend.Response from the ownerThank you Talyor! This will be the first of many to come! Levi D.Levi D. ★★★★★ Absolutely the best lender I have worked with thus far. Straightforward, efficient and personable. I will only be using this lender from now on!Response from the ownerThank you so so much. It was great meeting with you and I hope this is the first of many deals we do together!! Emily M.Emily M. ★★★★★ We had a wonderful experience with Michael Iuculano. The process for our loan was only about 2 weeks start to finish. They found us the perfect lender for our project with terms that were agreeable to all parties. He was super responsive to all of our questions and understood what we needed from the beginning. We will definitely be working with him again!Response from the ownerEmily, thank you so much to you and Luke. I am ecstatic to have been able to do this deal for you and very much looking forward to being your go to Guy!! Justin B.Justin B. ★★★★★ Quick and responsive! Definitely educated me on what I needed to make things happen! Thank You Guys!Response from the ownerJustin, very much appreciated! Thank you and looking forward to working with you again! Jacque M.Jacque M. ★★★★★ Michael was amazing! He closed my transaction in three and a half weeks without any hiccups. Diane Chamberlin, his assistant, was also extremely helpful and expedited the process. I would highly recommend!Response from the ownerThank you Jacque, it was a pleasure working with you and glad to have been able to help! Greg L.Greg L. ★★★★★ Easy process and quick turnaround. Mike and his team made it easy.Response from the ownerGreg, Thank you so much for the opportunity to help your clients! We look forward to working with you again soon! Osiel A.Osiel A. ★★★★★ Tim D.Tim D. ★★★★★ All I have to say is that Mike is well known and I’ve worked with him in the past, as well. He will get it done. In this case we had 48 hours. He got it out and signed in 24 hours, from the time I brought it to him. Saved customers house. Fantastic job, Mike.Response from the ownerTim, we appreciate working with you again and as always. You made it very easy and we are delighted with the result! David R.David R. ★★★★★ I read Michael's ad in a home buying magazine and after having two other loan "order takers" just give up, I decided to give him a call. Best thing I could have done. Working with Michael is such a great relief because he gets that not every loan is some "cookie cutter, fit the formula" type of transaction. He takes the time to ask questions and find out what the goal of the loan is. In my case it was to unlock equity in other properties so I could better leverage my rentals. Michael had the knowledge and contacts to get my loan completed, and offered a few different solutions .Michael's assistant Lara made sure everything got done right, and on time. She is great to work with, and responded quickly to any question I had. Together they make a great team and I look forward to working with them in the future.Response from the ownerDavid, thank you so much for your reply. We loved working with you and you were extremely prompt and responsive so it's certainly made it easier and faster. We are looking forward to working with you again soon! Sean M.Sean M. ★★★★★ Michael Luculano and his team are nothing short of miracle workers in making a complex deal easy.My wife and I were recently visiting Scottsdale for her birthday and had decided to look at a few homes. Nothing immediate, just getting ideas for the future. Then on the last day we run into the perfect new construction home, only problem is we weren't prepared to buy. Most of our long-term funding was tied up in our home back in Oregon and to complicate things further, the seller had another cash offer on the table and a ridiculously fast 3 week closing requirement to secure the property.So, we took a leap of faith and called Hard Money Lenders with Barrett Financial and got Michael on the phone. That quickly took us from an impossible deal to closing on our new home in record time. Michael clearly communicated all the terms and numbers up front. And being such a rapid deal with a large amount of escrow on the line, he personally checked in with us daily.We have worked with a lot of great people in the real estate and mortgage industries for over 30 years and have to say that Michael is one of the top professionals we have ever met. A true expert in mortgage and bridge loans / private lending. Even better, it was clear to us every day that Michael truly cares about his clients. Best phone call we could have ever made.Thank you, Michael and Lara, for helping us make this North Scottsdale dream a reality!Response from the ownerSean, it was an honor to get the opportunity to work with you. I take my clients very seriously and it was awesome to work with you on this and earn the right to share in your joy. You were very responsive to all my calls and you were definitely a contributor in the outcome. I appreciate this opportunity immensely and welcome to Arizona! Steven S.Steven S. ★★★★★ I had a great experience working with Michael. He was quick, communicative, and professional. The whole process was easy and I got my funding very fast.Response from the ownerSteven, we appreciate you so much. You were amazing to work with and super responsive. Thank you so much for the business and the trust! We look forward to working with you again soon! Cindy D.Cindy D. ★★★★★ Excellent service! Michael was able to close our loan at a lower interest rate than originally quoted, as an added benefit to the already pleasant experience of working with Michael & his team. We closed ahead of time, no suprises, no drama, just positive results. The professional, dedicated staff was impressive as well. For positive results, this should be your mortgage choice.Response from the ownerCindy, it was an absolute pleasure to work with you and you certainly made it easier by being so thorough. Thank you so much and we hope to work with you again soon! Darlene L.Darlene L. ★★★★★ Mike was so very helpful in getting a loan for my new house! THANK YOU!saleh abd al H.saleh abd al H. ★★★★★ Michael, thank you so much you made this process so easy, I really appreciate it so muchSaleh.wyatt A.wyatt A. ★★★★★ Recently used Mike for an investment purchase. Everything went smoothly. All fees were disclosed up front and matched at closing. Definitely using them again!John H.John H. ★★★★★ Micheal my guy straight handled business in a timely fashion I like to say thanks to you and your staff . Highly recommendSabria W.Sabria W. ★★★★★ Pleasant experience very professional and simply gets the job done, I look foward to our next deal.D ND N ★★★★★ Awesome lender that made things really simple to work with. Went above and beyond to get us a higher LTV than most of the other well-known lenders and had a quick close. Highly recommend using them!Steven R.Steven R. ★★★★★ Working with Michael was an absolute pleasure. I have done a lot of real estate transactions over the years and appreciate it when someone cares about their customer and getting the deal done on time and at the terms I was quoted. There are many bait and switch lenders out there but Michael and his team were always available when I had a question and when a potential issue popped up he was on it even while on vacation to get it resolved. That’s the type of service I expect and appreciate. Highly recommend if you’re looking to finance a deal.StevenErnest K.Ernest K. ★★★★★ Pablo R.Pablo R. ★★★★★ Michael and Lara were so easy and amazing to work with. On top of that, Michael really values relationships and will make sure what he says is delivered. Anyone looking for a hard money team, THIS IS THE ONE!!Celly D.Celly D. ★★★★★ Michael and his team were very professional and extremely proficient and were able to find a solution for my client when no other lender could not! Highly recommend him!!Jean P.Jean P. ★★★★★ Michael provided excellent customer service. I would recommend him to anyone. Thanks for your help and fast prompt service.js_loader
What is Hard Money Lending?

A hard money loan can give you the cash you need to catch up on your home loan and provide you with cash to pay off existing bills and get back on track. During hardship, too many of us have had to rely on other sources of credit, like high-interest cards, incurring monthly payments that seriously eat into our incomes. Ridding yourself of those financial burdens not only gets you on the right footing to save your home but has a better financial future ahead of you.

Hard money lending is the process of temporarily selling your home to a lender for a fair amount. The sale documents also have a detailed agreement with a specific timeline and a payment schedule. These arrangements allow you to buy back the home. During this period, you may stay in your home with the knowledge that the stress and burden of dealing with a potential foreclosure have been taken off your plate. Hard Money Lenders Arizona wants to keep you in your home, get you back on track, and remove the stress and pain a foreclosure has brought into your family’s lives. We understand the pain and hardship you’ve endured and love seeing the burden removed from our clients.

Hard money lending is frequently the best possible option for our clients facing foreclosure because of the full reset it offers them. The balances of credit cards or other loans holding them back might be too hard to catch up or pay off right away, even with forbearance or reduced mortgage payments. The money saved when paid off can often make paying a mortgage easy again.

Post pandemic is also a great time to catch up. While inflation is running hotter than any time in 40 years, jobs are paying much more while unemployment is at historic lows not seen since the 1950s. Many of our clients are finding higher-paying employment in addition to resetting their lies with a hard money loan.

There are options when dealing with foreclosure. It is a trying time and can cause tremendous emotional pain and stress, but it has to be addressed head-on to prevent the loss of your American dream. It is essential to explore every option and find the one that works best for you. Contact your bank right away and let them know you are working on it, which can slow the process somewhat. They will start offering what options they might have available.

Hard Money Lending Arizona is committed to keeping its clients in their homes. We understand the hurt and pain you’re feeling and are here for you. Give us a call as soon as possible; we can go over all of the options you have at this time with caring and concern to hold on to your American Dream.

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