Archive for the ‘deficiency statute’ Category

Elevating a Conversation About Trustees’ Sales

TD performed a trustee’s sale to foreclose on the Elevation Chandler property. PCF owned the loan and gave a specific opening (credit) bid to TD as Trustee under the Deed of Trust. BT jumped the credit bid and was declared the prevailing bidder in June, 2009. The next day, in accordance with trustee’s sale statutes, […]

Short sales and lenders

I attended an interesting class this week. An attorney who specializes in short sales and foreclosures was presenting his opinion of the Arizona anti-deficiency statute. It was interesting in that most of us attending thought first, that there was only one statute, and second, that the statute applies only to foreclosures, and not to short […]

EXPRESSLY, VIA HANDBASKET: Arizona’s modified deficiency statute?

So the Governor sues the entire state legislature to turn over bills that passed the house and senate but were not “timely” presented for her signature or, as the case might be, veto. (Okay, there’s a third alternative where a bill becomes law if the Governor takes no action on a bill for 5 days […]