Arizona Court of Appeals Case Extends Arizona Home Buyers Deficiency Judgment Protection

Arizona Republic:  “Homeowners do not lose their legal protections against being sued for debt after foreclosure just because they have refinanced a mortgage, the state Court of Appeals has ruled.  In a unanimous decision, the judges overturned a lower- court ruling that said Michael and Kelly Pasquan are liable for more than $1.9 million. That is the difference between what they owed on their mortgage and the value of the home when sold.”

2012-04-01T08:17:25+00:00

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