Legal Question in Real Estate Law in Arizona

Arizona Real Estate Law

If I own two properties and foreclose on one can the lender come after my other home to settle the debt?


Asked on 6/08/08, 2:15 am

1 Answer from Attorneys
Charles Aspinwall Charles S. Aspinwall, J.D., LLC

Re: Arizona Real Estate Law

If the first property does not sell at foreclosure for a sum sufficient to satisfy the mortgage, and usually that is the case, then yes. The lender can pursue any asset of the defaulting borrower for the deficiency resulting from the foreclosure sale.

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Answered on 6/08/08, 9:43 am


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