Arizona anti deficiency - applies to Townhouses?

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Icon Mini Profile soaringphoenix48




Joined: 29 Apr 2009

Posts: 1

1.30 Dollars($)
PostPosted: Wed Apr 29, 2009 4:43 pm    Post subject: Arizona anti deficiency - applies to Townhouses?

I have a townhouse in Arizona that I am going to lose to foreclosure soon. I read the Arizona statutes relating to anti-deficiency applies to properties less than 2.5 acres and only one or two family dwellings.

Can you tell me if this means that the anti-deficiency statute does not apply to my townhouse mortgage?
Icon Mini Profile savior70




Joined: 25 Mar 2009

Posts: 1422
Location: Florida
168.75 Dollars($)
PostPosted: Thu Apr 30, 2009 4:53 am    Post subject:

Hi

As far as I'm aware of, the Arizona anti-deficiency statutes are applicable to townhouses and condos that are less than 2.5 acres and that are used as dwelling. You can also check it with a local lawyer whether the statutes apply in your situation.
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