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Relieving Mortgage Stress

05 Mar 2008 — ern

Legal assistance to keep the banks at bay

Continuing interest rate rises increase the effect of mortgage stress. Although 'stress' is relative to the way in which a person handles a situation, people faced with mortgage stress are well-advised to be proactive about addressing their financial problems rather than leaving it until it is too late.

Unfortunately, anyone who is not proactive about looking after their financial situation and loan arrangements face the prospect of having a bank foreclose on their mortgage and take action to sell their property. If that property includes the family home, then a variety of other issues may arise that affect more than just bank balances, but also personal relationships and wellbeing.

Understanding legal obligations and entitlements under loan contracts and mortgages is vital in being able to navigate through the traps and pitfalls of mortgage stress and dealings with banks or other lenders. People who are unsure of their obligations or entitlements should seek professional advice from their finance broker or lawyer. If you encounter these issues - the greatest disservice that you can do for yourself is to do nothing.

I need help, what should I do?

At PHANG LEGAL, our experienced lawyers frequently assist people dealing with banks and the bank's lawyers in mortgage matters. We also have access to a network of finance brokers and lenders with a variety of products who are able to provide options, alternatives and solutions to people in need.

So if you seek proactive legal services to help you survive the next rate rise or protect you from losing your home, then you must call us on +61 2 9687 8885 to discuss how we can best assist you or visit our website at www.phanglegal.com.au for more information regarding our practice.

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Ern Phang
Solicitor & Public Notary

PHANG LEGAL
www.phanglegal.com.au

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About Ern Phang

Ern Phang is the solicitor director of Parramatta law firm, Phang Legal. Ern practises in the areas of property and commercial transactions, corporate compliance, and is an experienced company director and company secretary. Ern has extensive experience in civil litigation (ie, commercial and insurance claims, debt recovery and general disputes) and various forms of dispute resolution. Ern is also a notary public.

Ern has and continues to act for a variety of business (domestic and international), government departments and the military, and not-for-profit community/religious organisations - as well as individuals and their families. Ern is passionate about the local community, and enjoys being in local business involved with and supporting local organisations and local people.

Ern's dedication to his clients and community service continues to drive Phang Legal from strength to strength.

About Phang Legal

Phang Legal is a progressive and dynamic law firm offering a different attitude to the practice of law and a different approach to the delivery of legal services. We honour the traditions and standards of the legal profession, while staying current and relevant to changing client requirements and expectations. Phang Legal is a professional legal practice dedicated to serving you and supporting the community.

Phang Legal provides cost effective and practical solutions across a wide range of practice areas including conveyancing and property law, corporate and commercial law, litigation and dispute resolution, wills and estates (elders law), legal aid and criminal law, and notary public services.

Lawyers serving the community. Phang Legal is your Parramatta law firm. Our solicitors and notary public will assist you with all of your legal needs.

Contact Details

6/83 George Street, Parramatta NSW 2150 AU
PO Box 1375, Parramatta NSW 2124 AU
Telephone: +61 2 9687 8885
Facsimile: +61 2 9687 8883
Web: http://www.phanglegal.com.au