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33-814 - Action to recover balance after sale or foreclosure on . . . A deed of trust may, by express language, validly prohibit the recovery of any balance due after trust property is sold pursuant to the trustee's power of sale, or the trust deed is foreclosed in the manner provided by law for the foreclosure of mortgages on real property
Arizona Anti-Deficiency Laws: a Guide to Navigating Uncertainty What follows is a brief discussion of Arizona’s anti-deficiency statutes and how they affect a lienholder’s foreclosure decisions In Arizona, protection for residential borrowers is set forth in two anti-deficiency statues: A R S §§ 33-729 (A) and 33-814 (G)
Arizona Anti-Deficiency Statute After Foreclosure The Arizona Supreme Court held that if a foreclosure occurs before the construction is completed and before anyone utilizes the house as a dwelling unit, the Arizona anti-deficiency statutes do not apply
A. R. S. § 33-729 – Arizona’s Purchase Money Anti-Deficiency Statute The effect of A R S § 33-729 is that if money is borrowed to finance the purchase of a single or two-family dwelling situated on two and one-half acres of land or less, a lender is barred from seeking a judgment to recover the deficiency balance
Arizona Anti-Deficiency Statutes | Wright Law Offices | Phoenix Arizona Many people owe much more than what their house is worth The good news for Phoenix homeowners is that there are two anti-deficiency statutes in Arizona, one covers deeds of trusts (Arizona Revised Statutes Section 33-814 (G)) and the other covers mortgages (Arizona Revised Statutes Section 33-729)
Arizona Mortgage Deficiency Law - azdefaultlegalservices. com The general rule is that deficiency judgments are barred by Arizona’s anti-deficiency statutes when the collateral for the subject mortgage loan is a completed single-family home or duplex located on 2 5 acres or less
Anti-Deficiency Law in Arizona - Provident Lawyers And in Arizona, lenders can sometimes come after borrowers for that deficiency Fortunately, in many cases, Arizona’s anti-deficiency law prohibits a lender from obtaining a deficiency judgment — or, in cases when a judgment is allowed, state law limits the amount of the judgment
Arizonas Anti-Deficiency Statute - Pak Law Offices Thankfully, in Arizona, there are limitations to a deficiency incurred during foreclosure According to Arizona law, there exists an “Anti-Deficiency” statute that essentially prevents a lender from suing the homeowner for any losses on a home after foreclosure provided certain criteria are met