Change to Arizona Anti-Deficiency Statute Repealed
Many of you may know by now that Arizona governor Jan Brewer signed HB 2008 on September 4th 2009. HB 2008, among other things, repeals SB 1271 which called for adverse changes to Arizona’s anti-deficiency laws.
Thus Arizona’s anti-deficiency is as strong as it was before SB 1271.
We had a tele-seminar with an Arizona attorney regarding [...]
Short Sales and Deficiencies
Although I am not an attorney, I have been talking to attorneys and the message I get regarding short sales is always: Beware!
Many of us are using loss mitigation experts to assist us in attempting to short sell properties we wish to dispose of that are underwater.
There is a notion, which is mistaken, according to [...]
Arizona Anti-Deficiency Law and the new SB 1271 Legislation
A couple of months ago we held a tele-seminar with attorney Bill Kozub out of Phoenix, AZ.
Bill talked about the anti-deficiency law in the state of Arizona and how it is quite generous in protecting the borrowers against deficiencies in many cases when it relates to single family homes on regular sized lots (under 2.5 [...]
