Am I protected from my lender seeking a deficiency?
I receive many calls from concerned property owners wondering whether they will be liable for the difference between the value of their home and the amount they owe if they are foreclosed on. The answer to this question depends on several factors but in most cases the answer may be determined without much difficulty. The threshold question of the applicability of the relevant statutes in Arizona can resolve most questions. The “anti-deficiency” statutes in Arizona are found