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Debt Relief
and Foreclosure
Prevention Attorneys

Let Us Help Eliminate Your Mortgage Debt

  • BBB
  • ABA
  • 100 Fastest
  • Business Journal
  • Eastside
  • Over 1,550 short sale approvals
  • $151 million in debt settlement
  • Over $376,000 paid to sellers in cash

What our clients say...

"They made sure that we didn't owe anything else to the banks."

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We're here to help
Emi Torres

Our foreclosure prevention service is free to you.

Our full-service negotiation service is offered for free to homeowners. We are paid by the lender and/or the buyer.

kelly peterson

We guarantee full settlement of your debt.

We are able to get a full settlement over 98% of the time. If the lender doesn't give a full settlement, we continue working with you, post-closing, until you have full and final satisfaction.

amanda hause

And, you get your short sale approved in the fastest time possible.

Every element of our short sale process is designed for speed and efficiency. We know that this is a difficult, challenging time, and we want to help you get through it as fast as possible.

Companies We've Worked With
Fresh From the Blog

Overwhelmed by Debt? The How and Why of Bankruptcy

Emi Torres - Wednesday, July 09, 2014

Bankruptcy papers, a calculator, and reading glasses.Are you overwhelmed by your debts? Are you struggling just to pay your monthly bills, or, even worse, juggling your accounts so you can pay the bills with your credit cards? If you are doing your best, but your debts are only growing, there is a clean way out: filing bankruptcy. ..

Read more Bankruptcy posts here ▸

HELOC Resets Will Pressure The Economic Recovery

Lambros Politis - Tuesday, September 16, 2014

One pressure point coming to light in the up-and-down housing recovery is the reset awaiting millions of Home Equity Line of Credits taken out during the housing boom of the mid 2000s. A big shift is set to occur – and the question keeping analysts guessing is the impact it will have on millions of homeowners and the economy overall.  ..

Read more Foreclosure posts here ▸

Underwater Homeowner Avoids Foreclosure on her Renton, WA, Condo - Bank of America Forgives $46,000 in Mortgage Debt!

Lambros Politis - Wednesday, July 23, 2014

A young woman worries over her mortgage debt.After moving out to care for her ailing grandmother, Susan, a full-time student, could no longer afford the mortgage payments on her Renton, WA, condo. ..

Read more Case Study posts here ▸
Frequently Asked Questions
Can I get paid to do a short sale?
Yes! The HAFA and FHA programs both pay up to $3,000 to the seller. They call it a "borrower relocation incentive." We've seen Chase pay up to $35,000 to borrowers with old WAMU loans. Bank of America has a co-op program that often pays out $7,000 in addition to the HAFA $3,000.
How does Ark Law Group get paid?
Our full-service short sale negotiation service is offered for free to homeowners. We are paid by the lender and/or the buyer.
How long does a short sale take?
The length of the time depends on who your lender is, the kind of loan you have, and who is negotiating your short sale. The time range is typically between 3-6 months.
Do I need a hardship to do a short sale?
The rules around hardship vary by lender and loan type. In many cases, simply defaulting on your loan is enough to get the lender to agree to a short sale. For example, if you have an FHA loan, are 90 days delinquent, and have a credit score below 620, you are automatically qualified for a short sale.
Why would the lender agree to take a loss?
If the lender is forced to foreclose on your house, they are then responsible for selling it. They already know they are going to lose money if that occurs. They would rather have you sell it now, as it will provide them more money than if they had to sell it themselves, and they will get the money sooner.
Will there be taxes on the forgiven debt?
Typically not. See our insolvency calculator.