How Anti Deficiency laws apply during the Foreclosure Process in Arizona for Arizona Short Sales
A commonly asked question I get from homeowners during the foreclosure process in arizona Arizona is, can the banks come after me later if I complete a short sale?
What they’re really asking is, can I be liable for any debt after my Arizona short sale has been completed?
Anti Deficiency laws in Arizona offer great protection, with caveats.
1) They do not apply to Arizona short sales
2) They only apply on certain loans
3) If your loans do not fit the criteria, there is a lot of grey area.
But, this quick video covers deficiency ONLY in a short sale scenario, as its important to recognize while considering a short sale vs foreclosure in Arizona.
Arizona Short Sale Help & Anti Deficiency