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 …
Chapter 13 Stops Foreclosures
Chapter 13 bankruptcy is a legal process that allows individuals with regular income to reorganize their debts and create a repayment plan. Unlike Chapter 7, Chapter 13 focuses on debt repayment over three to five years. Chapter 13 bankruptcy allows you to use such a payment plan to pay off mortgage arrearages. Essentially, Chapter 13 stops foreclosures.
Protected: Zombie Foreclosures: When Banks Refuse to Foreclose
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Does the Arizona Anti-Deficiency Statute Apply to Construction Loans?
Any competent Arizona real estate lawyer, Arizona foreclosure lawyer or Arizona bankruptcy lawyer will agree that the Arizona anti-deficiency statute is one of the most important Arizona laws protecting borrowers with loans secured by a residence. This statute will prevent many mortgage lenders from suing debtors for any deficiency amount after a foreclosure occurs. In a surprise ruling, a recent Arizona Court of Appeals case has extended the Arizona anti-deficiency statute to construction loans.
Protected: How long can I stay in my house until a foreclosure occurs?
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