Real Estate Law
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Good Evening. My name is ***** ***** I look forward to helping you.
Can you provide me a bit more information? Is this property your residence? Thanks.
Thanks for following up. The lender will not be able to pursue any of your assets. The reason why is that Arizona is a non-deficiency state.
According to Arizona anti-deficiency statutes the lender in certain cases cannot sue the homeowners for deficiency. According to the Title 33, Chapter 6.1 of Arizona Revised Statutes, the lender cannot sue the borrower for any shortfall:
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