Question: Just got summons in Arizona for a piece of property that was foreclosed on and sold. The bank is suing us for the deficiency amount. Is there any way to fight this? We think we may have a defense because there was no public report for this property at time of sale.
Answer: – Yes, the bank does have the right to go after the homeowner for the deficient amount after the home has been through foreclosure.
When you have found the right tenant for your property, a good property management company such as Fred Leeds Property Management will work diligently to ensure that the proper paperwork is completed as required by law.