Anti-Deficiency Statute

Homeowners who choose short sales as alternatives to foreclosure often wonder if they will be held responsible for the difference between the amount their house sold for and the amount owed on the mortgage. In most cases, the Arizona Anti-Deficiency Statute will protect homeowners from having to financially answer for the deficiency between the selling price and the amount owed on the mortgage. To further explain this process, the Pak & Moring law firm has published an article regarding this state-specific statute.

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