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

Attorney answers (2)

1. Licensed in AZ

   

   Robert H Nagle

   Phoenix Real Estate Attorney

   Contributor Level 10

   1

   Lawyer agrees

   Answered August 19, 2012 12:51. Unfortunately, no.

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2. Licensed in AZ

   

   Bert MillettPro

   Mesa Real Estate Attorney

   Contributor Level 6

   Answered August 20, 2012 13:28. 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.
   
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