Can a personal loan NO ( dead of trust filed) fall under the anti-defiency law for Arizona in a forclosure?

Asked about 2 years ago - Mesa, AZ

The loan was hand written and signed by all parties

Attorney answers (2)

  1. Robert H Nagle

    Contributor Level 10

    1

    Lawyer agrees

    Answered . Unfortunately, no.

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  2. Bert Daniel Millett

    Contributor Level 7

    Answered . The so-called “anti-deficiency statute” is found in the Deeds of Trust section of Arizona law. It is triggered by the existence of a deed of trust securing the property. See ARS 33-814. No deed of trust (or in some cases a mortgage under ARS 33-719), no protection against deficiency liability.

    http://gundersondenton.com/our-team/attorneys/b...

    This communication is intended to be for general informational purposes only. It does not constitute legal advice... more

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