New Anti-Deficiency Laws Don’t Apply to Rental Properties
The new amendments to Arizona’s anti-deficiency laws, effective January 1, 2015, do not apply to rental properties, meaning that anti-deficiency protection will still apply for rental properties. The reason is that the amendments are designed to deny anti-deficiency protection to “spec” homes that are never occupied. Occupied rental properties continue to meet the existing statutory requirement of “utilized as a dwelling.”
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