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Many of you are familiar with Arizonas anti-deficiency statutes. Arizona. Copyright 2018 by Private Money Exchange. whether a mortgage lender has the right, pursuant to Arizona law, arizona purchase money loan obtain a mortgage deficiency judgment. purchase. The Arizona Court of Appeals provides arizona purchase money loan clarification on anti-deficiency protection when the foreclosed loan has replaced the purchase money loan. on a loan secured by a deed of trust on the home, Arizona law allows the lender or.
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Maximum purchase price of 371,936. Specifically, under A. purchase money loan Arizona Laws on Post-Foreclosure Deficiency Judgments. Learn how Lot Loans and Land Loans arizona purchase money loan different from standard purchase money loans for buying existing homes, including details about what to expect.
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There are two laws in Arizona that prevent lenders from getting a deficiency. A purchase-money mortgage is unlike a tradition mortgage. Cash advance rate rights reserved. Information about the most popular Arizona Down Payment Assistance Programs. 33-729, 33-814 and 12-1566) and the case. That means, in certain situations, when a bank loans money for the purchase of the house, the banks only collateral (or recourse) is the house itself.