Anti-deficiency Statute Doesn't Apply in Mexico

By Christopher Combs | December 1, 2014

  Question: We bought through a Mexican trust a condominium in Rocky Point, Mexico, during the “boom” time. The mortgage financing for the purchase of this condominium was with our bank in Arizona. Although we have managed to stay current on our mortgage payments, we are at least $200,000 underwater, and we no longer can…

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