Best Law Firms American Legal & Financial Network (ALFN)

Folks Hess, an Arizona woman-owned and managed default services law firm


American Mortgage Diversity Council

An Arizona Woman-Owned and Managed Default Services Law Firm


Phoenix Skyline

 Judgment Renewal


Arizona Money Judgment Validity and Renewal Deadline Extended from Five Years to Ten

On March 20, 2018, Arizona Governor Doug Ducey signed into law House Bill 2240, which extends, from five years to 10 years, the validity of and renewal deadline for a money judgment. The effective date of the new law is August 3, 2018, after which the deadline to renew a judgment will be ten years from the date of entry.

Our understanding is that the deadline for expiration and renewal of money judgments included in A.R.S. § 12-15511 is a statute of limitation, per Jensen v. Beirne. If that is correct, then A.R.S. §12-505(B) provides that, when a statute of limitation (such as this one) is amended and an action was not otherwise barred by pre-existing law, “the time fixed in an amendment of such law shall govern the limitation of the action.”

The statute is silent as to its effect on judgments entered before August 3, 2018. We believe that other statutes and case law would apply the ten-year limitations period to judgments entered before August 3, 2018, that have not expired. If a judgment has expired, it cannot be renewed.

There is uncertainty and disagreement in the legal community as to the effect of the new statute on judgments entered prior to August 3, 2018, and we had hoped to have additional guidance from either the legislature or the court before the application of this statute. We recommend that, to err on the side of caution, all judgments entered prior to August 3, 2018, be renewed at five years. As this statute is interpreted further, that renewal period can be adjusted.

We will continue to monitor the application and analysis of this statute. Please keep our firm in mind if you would like us to enforce or renew any of your money judgments in Arizona.





Women-Owned Business

Folks Hess is certified as a women-owned business by the Women’s Business Enterprise National Council (WBENC).


Arizona Mortgage Deficiency Law Update 2017

Mortgage Deficiency Law
2017 Update

Larry Folks' updated Arizona Mortgage Deficiency Law article addresses Arizona's Mueller and Wildwood decisions and provides a useful reference for attorneys


A "High Touch" Phoenix Law Firm for Banks, Credit Unions and Mortgage Servicers

In protecting the Arizona legal interests of banks, mortgage servicers and other financial institutions — such as representative clients Fannie Mae and Freddie Mac — the attorneys at Folks Hess offer efficient, coordinated legal services related to consumer and commercial foreclosure, bankruptcy, eviction, collection and mortgage deficiency litigation, creditors’ rights litigation and other default services.

Responsiveness, Integrity, and Commitment to Your Objectives

Mary Ann Hess and Larry Folks  

Mary Ann Hess (Managing Member) and Larry Folks (Member)


At Folks Hess, those qualities are the foundation for the highest level of legal service and excellent results.

Clients of Folks Hess know that we are on their side. We place a major emphasis on understanding what you hope to accomplish in your legal matter and then tailoring a plan of action that respects your objectives.

Folks Hess is a diverse and seasoned team of legal professionals who deliver a high level of legal services in a responsive and compliance-focused manner for residential and commercial foreclosure, bankruptcy, eviction, loss mitigation, collection, mortgage deficiency and default litigation cases.

Our attorneys and support staff receive ongoing training in the ever-changing legal landscape, servicer time-lines, client confidentiality, consumer complaint reporting, and other client reporting and compliance issues.  We have the experience and infrastructure to successfully meet the needs of high-volume clients (for out-of-court non-judicial trustee’s foreclosure sales) and clients needing “hands-on” complex representation by seasoned trial lawyers known by name by Arizona judges.

We are well versed in required client electronic reporting and billing by multiple portals and use advanced case management technology.

From our Phoenix offices, the attorneys at Folks Hess offer practical advice and well-conceived solutions  in fulfilling these commitments to our clients:

  • Commitment to Diversity. We are an Arizona woman-owned and -managed default services law firm committed to training and the advancement of women in the default services industry.

  • Responsiveness. You expect and deserve timely communication and commitment to deadlines. You will enjoy the peace of mind that comes with knowing the status of your matter at all times from a responsive, committed attorney.

  • Integrity. We represent clients in a skillful and honest manner, and we are unyielding in our adherence to the highest levels of ethical conduct.

  • Value. The true cost of legal services is a product of many factors. At Folks Hess, we strive for high value through timely communication, loyalty to our clients, effective management of the legal process, a fee structure that reflects the quality and importance of our work, and tenaciously pursuing favorable outcomes.

  • Efficiency. The size of our law firm and the experience of our attorneys allows us to efficiently respond to your needs, free of the redundancy and duplication of effort that are inseparable from larger firms with varying degrees of experience.