Posts Tagged ‘Arizona foreclosure law’
Homestead Exemption Protects $400,000 of the Equity in a Home
Question: My parents only have their monthly Social Security payments for living expenses, and they have fallen behind on their mortgage payments for their Scottsdale condominium. Their mortgage lender has now scheduled a foreclosure sale in May. My parents’ Realtor says that their Scottsdale condominium has equity of at least $500,000, and that she is…
Read MoreMortgage Lender After Foreclosure is Entitled to Sale Proceeds
Question: For the last few years my mother has been struggling with competency issues. Although we try to help her, we live in Buffalo. She apparently did not make her mortgage payments, and there has been a foreclosure sale on her Ahwatukee home. The mortgage lender was the only bidder at the foreclosure sale, and…
Read MoreBank's REO Property not Part of Foreclosure Sale Profits
Bank’s REO Property not Part of Foreclosure Sale Profits Question: After we refinanced our Mesa home three years ago my husband was badly injured in a car accident on the Loop 202 and lost his job. We could no longer afford the mortgage payments and lost our home to foreclosure by the bank. The…
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