Judgment Lien Against Principal Residence Prohibited

Question: We are in escrow to sell our Gilbert home. When our daughter went to UCLA four years ago, we guaranteed payment of her credit card. Although our daughter is doing fine now, she dropped out of UCLA and never paid the balance on her credit card. We were sued as the guarantors of her…

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Is New Home Safe From HOA Fee Lien?

  Question: We lost our Mesa home to foreclosure a year ago. We were almost immediately able to buy from an investor a smaller home in Queen Creek using carryback financing from the investor.   The home prices in our Queen Creek subdivision have increased significantly in the past year, and we have approximately $20,000 equity…

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Homestead exemption is automatic

  Question: Four years ago, our son had an auto-repair business in Mesa that was struggling. To keep his business alive, we personally guaranteed a loan for our son. After our son’s business ultimately failed, the bank sued us and got a judgment against us. After they recorded the judgment with the Maricopa County Recorder’s Office,…

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