Legal Question in Real Estate Law in Arizona

Real Estate Foreclosure Arizona

If I have a 2nd mortgage (home equity loan) secured by a deed of trust and the 1st mortgage holder forecloses, are both mortgages protected against a deficiency suit under AZ statute. This is a single family residence, less than 2 1/2 acres.


Asked on 5/05/09, 11:33 am

1 Answer from Attorneys

Brian Blum Blum Law Office, PLC

Re: Real Estate Foreclosure Arizona

Was the second mortgage used to pay the purchase price of the house? Repost your question with more details.

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Answered on 5/08/09, 11:27 am


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