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