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Does arizonas anti defiency law protect rental properies as well?

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Post Posted: Fri Oct 29, 2010 1:16 pm    Post subject: Does arizonas anti defiency law protect rental properies as
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I have a rental property in Arizona that might be foreclosed on. Would the anti defiency law protect me from the lender pursuing me for any defiency fees or does it only protect you if your primary residence is foreclosed?
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Niicss




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Location: New Jersey
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Post Posted: Mon Nov 01, 2010 4:02 am    Post subject:
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As far as I know, anti-deficiency laws are effective in case of principal residence of a borrower. If your investment property is foreclosed, the lender does have the rights to sue you for the deficient balance resulting from the property sale.
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