In a message dated 5/28/2010 9:28:40 AM Pacific Daylight Time,
jsmith@cgsattys.com writes:
Does anyone know if AZ has the two anti deficiency statutes we do? If a lender sells in AZ under power of sale, are there deficiency rights. What about purchase money protection for a sold out Junior? Answer will absolutely
determine whether a local client will decide to file BK here asa result of investment rentals he purchased there. Thank You.
Jeff Smith
Jeff- I looked at one of these issues a number of years ago. At that
time, AZ law did allow for deficiency collection against the borrower after
non-judicial foreclosure.
In a message dated 5/28/2010 9:28:40 AM Pacific Daylight Time,
jsmith@cgsattys.com writes:
Does anyone know if AZ has the two anti deficiency statutes we do? If a
lender sells in AZ under power of sale, are there deficiency rights. What about purchase money protection for a sold out Junior? Answer will absolutely
determine whether a local client will decide to file BK here asa result of
investment rentals he purchased there. Thank You.Jeff
Smith
Jeff- I looked at one of these issues a number of years
ago. At that time, AZ law did allow for deficiency collection against the
borrower after non-judicial foreclosure.
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