The Arizona Court of Appeals has decided several recent cases interpeting and applying Arizona’s anti-deficiency statutes. Watch this short video power point presentation to learn about Arizona’s Anti-Deficiency Statutes:
What constitutes qualifying property?
The two different types of foreclosures in Arizona.
The type of loan that qualifies for protection in judicial foreclosure.
How Arizona’s anti-deficiency statutes apply and protect certain property and certain loans.
During Arizona’s 2010 legislative sessions, there have been numerous proposed statutes dealing with foreclosures:
H2511 – Would prohibit cities from levying a tax on the transfer of a property to a lender in foreclosure.
H2739 – Would require mediation (settlement discussions) before a residential foreclosure. Foreclosure would be stopped during mediation.
H2740 – Would allow homeowners to elect to rent the home after foreclosure, as long as they use it as their primary residence.
H2766 – Would require a landlord of a home in foreclosure to notify the tenant at least 60 days before the foreclosure.
H2270 – Would require mortgage brokers to investigate the borrower’s ability to repay the loan before making the loan.
H2626 – Would require lenders to try to contact borrowers to discuss options to foreclosure, including loan modifications, at least 30 days before a foreclosure notice.
H2309 – Would regulate foreclosure consultants in order to combat a growing number of foreclosure scams.
November 1, 2008 –
Thank you for your diligent effort representing us in this awful lawsuit over the last four years. Although, in the term of this case, I wasn’t awarded all that I believe we deserved, I feel I was served by one of the finest law firms in Arizona. The high level of integrity, focus and interest in the handling of my matter, never waned in the four plus years this case spanned.
Staff attorneys George Smith and Daphne Reaume, along with your support staff…http://Actual Client - JS
