http://www.foreclosureuniversity.com/blog Foreclosure - Real Estate Investment : Short Sales Tue, 13 Dec 2011 05:33:36 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 http://www.foreclosureuniversity.com/blog/69/arizonas-anti-deficiency-state-law-when-foreclosed-on/ http://www.foreclosureuniversity.com/blog/69/arizonas-anti-deficiency-state-law-when-foreclosed-on/#comments Wed, 19 Nov 2008 03:28:42 +0000 Jarad http://foreclosureuniversity.com/blog/2008/11/18/i-have-a-home-in-arizona-anti-deficiency-state-we-were-in-the-process-of-negotiating-a-short-sale-got-approval-from-the-first-with-country-wide-and-they-agreed-to-pay-the-2nd-citi-3k-when-we/ Question: I have a home in Arizona [anti-deficiency state] that was purchased with an 80/20 loan. I have never refinanced the loans. We were in the process of negotiating a short sale, got approval from the first [with Country Wide] and they agreed to pay the 2nd [Citi] $3k, when we went back to Citi to get final approval we discovered that they charged off the 2nd and sold the loan to a subsidiary which has now turned it over to an attorney that claims they are going to file a deficiency judgement against me and collect the debt. They claim that since it was a second mortgage and it was charged off that they can do this. It was a second but it was a “purchase money” loan. Can they come after me for the deficiency?

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