Has the Protection For Homeowners Changed Under the Arizona Anti-Deficiency Statutes?
Although there was much legislative and court activity in 2009, the “bottom line” is that the Arizona anti-deficiency statutes (primarily A.R.S. § 33-814 (G)) currently afford the same protection to homeowners that has existed since the enactment of the Arizona anti-deficiency statutes more than 30 years ago. (Note: the protection of the anti-deficiency statutes is only available if the home is a single-family or duplex, is on 2 ½ acres or less, and is utilized as a dwelling.) In the 2010 legislative session, however, the banking industry may sponsor legislation to amend the protection of the anti-deficiency statutes. One proposed amendment currently being discussed … Read more >


