Legal Question in Real Estate Law in Arizona

Differance in value

I bought a home 2 years ago for 445000 and now it is worth 250000.I'm unable to make my payment,so if I foreclose on the house can I be sued or I'm I liable for the differance? Thanks


Asked on 6/12/09, 10:02 pm

1 Answer from Attorneys

Scott Weitz Weitz Law Firm, PLLC

Re: Differance in value

Provided that you haven't refinanced, they cannot come after for the deficiency in Arizona.

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Answered on 6/15/09, 10:10 am


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