Legal Question in Real Estate Law in Arizona

Antidificency Statute

I have 3 rental properties, one of them has a mortgage 40K more than it's current market value. My rentors are having financial trouble. I would like to just walk away from this house. Is that possible? Thanks


Asked on 6/21/09, 9:02 pm

1 Answer from Attorneys
Donald Scher Donald T. Scher & Associates, P.C.

Re: Antidificency Statute

You are better off to give the lender a deed to the property in lieu of foreclosure, it is an informal way to walk away from the property and a clean way to do so. Talk to the lender.

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Answered on 6/22/09, 1:24 am


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