Arizona Anti-Deficiency Statute After Foreclosure
The Arizona anti-deficiency statute is a hallmark of consumer protection. Many clients inquire whether a mortgage lender can sue for any deficiency amount owing after a …
The Arizona Homestead Exemption in Bankruptcy
Understanding the Arizona homestead exemption is crucial if you’re considering bankruptcy. In 2025, the Arizona homestead exemption is approximately $425,200. It provides homeowners with a shield for their home’s equity.
RV Is Not an Exempt Homestead
The Arizona Supreme Court recently held an RV is not an exempt homestead protected in bankruptcy proceedings. The ruling has implications for individuals who reside in their RVs and seek bankruptcy protection.
Will Bankruptcy Hurt My Credit and Prevent Me From Buying Another House?
There is this myth that if you file for bankruptcy, you won’t qualify for a home loan in the near future. As an Arizona bankruptcy lawyer and Arizona real estate lawyer, I always advise clients that they will be able to qualify for financing so long as they save money for a downpayment and continue to improve their credit.
Using Chapter 13 to Come Current With Mortgage Payments
Unlike a Chapter 7, a Chapter 13 provides the mechanism for a debtor to come current with overdue mortgage payments. But beware! If you lack regular monthly income and you refuse to curb your expenses, a competent Arizona bankruptcy lawyer will advise that Chapter 13 may end up being a waste of time and money.