Can The Lender Sue Me After A Short Sale?

This is a great question. This is also a question is answered with lots of myths, confusion, and bad information. You need to speak with a qualified attorney on this matter. The state of Arizona has limited deficiency protection. Odds are very high that you qualify under the state’s deficiency statutes. However, you should speak […]

Why Would A Bank Do A Short Sale?

This is actually an easy question to answer. The simple answer is money. While the bank is taking a loss on the short sale, the loss is typically 10% – 40% less than what they would lose if they were to foreclose on your property. A short sale is simply about the bank losing less […]

How Long Will It Take To Foreclose?

The best answer is that it depends. In Arizona, we typically use what is called a deed of trust. The deed of trust is also commonly referred to as a mortgage. In a deed of trust, the lender has two options to foreclose. The first option is almost unheard of. It is called a judicial […]